KKR related stories
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Fortress IPO ’25 times over-subscribed’Some of the world’s biggest alternative asset managers will be watching with interest tomorrow when Fortress Investment Group becomes the first US hedge fund and private equity group to float on the stock exchange tomorrow.
- El-Erian leaves Harvard to rejoin PIMCO
Harvard University's endowment is left without a head, as Mohamed El-Erian has left the $35 billion endowment for a senior role at PIMCO, where he'll lead a push into alternatives.
- Capmark gets approval to sell mortgage business
The bankrupt lender will sell its North American mortgage business to Warren Buffett’s Berkshire Hathaway and the holding company Leucadia National Corporation for $515m.
- Carlyle closes second Turkish deal
The private equity firm has purchased a 40% stake in the country’s second largest healthcare services company, Medical Park.
- Lone Star, KKR square off in grocery bankruptcy
Lone Star has a plan to keep total control of bankrupt US grocer Bi-Lo outside of bankruptcy, while a lending group that includes KKR wants to split control of the company. Bi-Lo operates 215 stores in the southeastern US.
- Capmark failure spells $2bn loss for KKR, Goldman
The real estate lender has filed for bankruptcy protection. Sponsors KKR, Five Mile and Goldman Sachs are set to record one of the biggest private equity losses in history.
- KKR offloads 50% stake in Oriental
Less than two months after acquiring Oriental Brewery in a blockbuster deal, KKR is selling half the brewer to Affinity Equity Partners for $400m.
- KKR acquires Oriental Brewery for $1.8bn
The global buyout firm has agreed to the terms laid out by the brewery’s parent InBev, which include its right – but not obligation – to reacquire the brewery within five years on ‘pre-determined financial terms’.
- Capmark eyes Chapter 11 after $1.6bn Q2 loss
The firm, backed by KKR, Five Mile and Goldman Sachs, has already agreed to sell its US mortgage business to Berkshire Hathaway and Leucadia National.
- Give LPs a break
As LPs increasingly push back on deal terms, GPs may want to consider some relatively low cost moves to mitigate their concerns, writes Kevin Ley.