KKR related stories
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Coles Myer rejects LBO overturesThe board of the Australian retailer has rejected the $12bn offer from a consortium of private equity firms including KKR, Blackstone and Bain Capital.
- Fortress to buy Colorado ski resort for $265m
Buoyed by capital from its private equity backer, ski resort operator Intrawest has agreed to purchase Steamboat Ski & Resort for $265m.
- Vornado to buy Toys “R” Us locations
The REIT has said it will pay up to $190m for 44 of the toy retailer’s shuttered locations. Vornado teamed with KKR and Bain Capital to buy the chain last year.
- KSL picks up resort portfolio
Dallas-based ClubCorp., which owns and operates resorts, sports clubs and private clubs in North America will sell its assets to KSL and the Dedman family of Texas in separate transactions valued at $1.8b.
- Doughty Hanson to float €1bn investment vehicle
The London-based private equity firm is to raise money in the public markets by launching a vehicle that will co-invest alongside its real estate arm.
- Apollo hires ex-Vail CEO as operating partner
The New York-based private equity firm has added Adam Aron, a ten-year veteran of former Apollo portfolio company Vail Resorts, to its roster as a senior operating partner.
- Irving Place chief: ‘Horrendous’ holiday season ahead
Trouble in the retail sector presents opportunity, with 'some of the greatest fortunes' due to be made by savvy investors over the next year, according to John Howard, CEO of Irving Place Capital, formerly Bear Stearns Merchant Banking.
- S&P: PIK-toggle notes may be harmful to debt-holders
PIK structures, frequently found in LBO-related debt offerings and currently being exercised by firms including KKR, Bain and Permira, may be staving off inevitable default to the detriment of debt-holders, according to Standard & Poor’s.
- CCMP Asia closes $1.2bn Fund III
The Asia-focused buyout firm has wrapped up fundraising more than $1bn shy of its original target.
- KKR to acquire Unisteel for $576m
The global private equity firm will delist the Singapore disk-drive parts manufacturer, having reportedly edged out other private equity firms such as The Carlyle Group and Bain Capital.