-
Syndicate
Jul
28
One of the most commanding private equity firms, Kohlberg Kravis Roberts (KKR), will turn in public on the New York stock exchange this year
Credit crisis has shut off the cheap loans that have financed deals due to which the enigmatic industry has struggled. The firm will purchase its Amsterdam-listed investment fund and the transaction will take place by listing the new company in New York.
Due to market disorder original plan to sell $1.25 shares in public dropped. Founder of KKR believe that public listing will help the company to perform best and generating high returns for investors and to flourish around the glob.
The listing will give the company more options then raising funds to finance investments although the company will not be offering shares directly to the public for cash and it would reduce rely entirely on bank loans.
Executives of KKR will hold rest of the new public company, while old shareholders in KKR Private. Equity Investors will own 21 percent.
ProfitEdition- India’s GDP to further decline by 0.6 pc in FY 2009-10
- Money Market Account
- Checkpoint aquires Nokia’s Business
- Bharti gets a new partner
- Tickets at low rates
- Cisco’s Global Talent Acceleration Program Graduates in India
- TERI Signs MoU with Center for Innovation and Renewable Energy (CIRE), Mexico City
- Amadeus
- Uniting Communities
- MindTree wins award
- Fidelity Bonus
- Games site
- Games
- Nice Gaming site
- Nouveau Riche University
- Infotech majors face rough weather
- Crisis woes: Workers losing jobs at an alarming rate
- Moderate plans for IT outsourcing in 2009
- Free pricing for petrol speculated in India
- Oil prices rise
-
Suggested Sites