Carlyle, Kohlberg give record returns

WASHINGTON, Oct. 20 (UPI) -- The Carlyle Group of Washington and Kohlberg Kravis Roberts of New York, gave record payouts during the past 18 months, the Financial Times reports.

Royal Dutch/Shell selling LPG assets

NEW YORK, Oct. 12 (UPI) -- A team of U.S. investors will bid for the liquefied petroleum gas business of the Royal Dutch/Shell group, the Financial Times reported Tuesday.

WPP to buy Grey Global Group

LONDON, Sept. 13 (UPI) -- WPP Group Plc in London said Monday it will acquire Grey Global Group of New York.

Europeans buy Intelsat for $5 billion

HAMILTON, Bermuda, Aug. 17 (UPI) -- A European consortium has agreed to pay $3 billion and assume debt to acquire the world's No. 2 satellite provider, the Financial Times reported Tuesday.

Satellite glitch may harm DirecTV sale

EL SEGUNDO, Calif., Aug. 6 (UPI) -- DirecTV's $3.55 billion sale of PanAmSat Corp. reportedly is in jeopardy because of technical problems appearing on one of the U.S. company's satellites.

CenterPoint to sell Texas Genco

HOUSTON, July 21 (UPI) -- CenterPoint Energy Inc. in Houston, Texas, Wednesday signed a contract to sell Texas Genco to a group of private investors for $3.65 billion.

KKR continues its acquiring trend

LONDON, April 19 (UPI) -- Buyout firm Kohlberg Kravis Roberts continues its trend of acquisitions, reportedly purchasing four businesses from German chemical firm Dynamit Nobel.

Eckerd bids lower than expected: Penney

NEW YORK, Feb. 6 (UPI) -- JC Penney reportedly has gotten two bids for its Eckerd drugstore chain and may pull the U.S. stores off the market if dissatisfied with the offers.

Eckard may be on the block; CVS may buy

PLANO, Texas, Nov. 21 (UPI) -- CVS and Kohlberg Kravis Roberts, the private U.S. equity fund, reportedly are interested in buying JC Penney's Eckard drugstore chain.

Executive Business Briefing

Here is a look at more of Tuesday's top business stories:
Page 6 of 6

Kohlberg Kravis Roberts & Co. (commonly referred to as KKR) is a New York City based private equity firm that sponsors and manages investment funds, focusing primarily on leveraged buyouts of mature businesses. Since inception, the firm has completed over $400 billion of private equity transactions and was one of the pioneers of the leveraged buyout industry. In March 2010, KKR filed to list its shares on the New York Stock Exchange.

The firm was founded in 1976 by Jerome Kohlberg, Jr., and cousins Henry Kravis and George R. Roberts, all of whom had previously worked together at Bear Stearns, where they completed some of the earliest leveraged buyout transactions. Since its founding, KKR has completed a number of landmark transactions including the 1989 leveraged buyout of RJR Nabisco, which was the largest buyout in history to that point, as well as the 2007 buyout of TXU, which is currently the largest buyout completed to date . KKR has completed investments in over 160 companies since 1977, completing at least one investment in every year except 1982 and 1990.

KKR is headquartered in New York City with thirteen additional offices in the US, Europe and Asia . In October 2009, KKR listed shares in the company, through KKR & Co. an affiliate that holds 30% of the firm's ownership equity, with the remainder held by the firm's partners.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Kohlberg Kravis Roberts."
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