KKR Files For IPO of $1.25 Billion |
| Washington Post - Jul 4, 2007 |
Kohlberg Kravis Roberts, one of the kings of the buyout world, filed for a $1.25 billion initial public offering yesterday, following the precedent set two weeks ago by its long-standing rival, Blackstone Group.
Minutes after KKR's IPO filing, Blackstone said it was acquiring Hilton Hotels, one of the most recognized brand names in American business. The deal is among the biggest buyouts in history, with Blackstone paying $18.5 billion in cash, or $47.50 a share, and assuming $7.5 billion in debt.
KKR's announcement established that Blackstone's IPO was not a singular event and suggested that the top buyout firms in the country, including Carlyle Group of the District, TPG Capital of Fort Worth and Madison Dearborn Partners of Chicago, could become public companies in the near future.
Read Full Article from Washington Post
- Posted: 2007-07-04 10:16:53
| More Stock Investor Place Financial News |
 |
|
|
|
| Stock Investor Place Financial News Archive |
|
|
|
