The Wall Street Journal Online has a great piece [subscription required] on the legendary private equity firm, Kohlberg Kravis Roberts & Co.
The firm's first deal was in 1979; that is, the $355 million buyout of Houdaille Industries. Of course, now KKR is more accustomed to multi-billion dollar deals -- in 2006, the firm invested about $6.9 billion on 12 deals. What's more, it is eying markets in Europe and Asia.
Along the way, however, things were far from perfect. After all, its $35 billion buyout of RJR Nabisco almost ended in a complete disaster (back in the late 1980s).
Kravis and Roberts agreed to a rare interview with the WSJ.com.
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