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KKR self-buyout a step closer

Posted Jul 20th 2009 8:20AM by Tom Johansmeyer (RSS feed)
Filed under: Deals, Private Equity, KKR Financial (KFN), Blackstone Group L.P (BX), Initial Public Offerings

KKR & Co. is a step closer to being publicly traded, now that the board of its Amsterdam-traded buyout fun has given the green light. If a majority of the unitholders in KKR Private Equity Investors LP (OTC: KPE), the listed fund, consent, the transaction could be finished by October 1, 2009.

This would result in KKR's finally reaching an exchange. The private equity fund tried to go public via initial public offering (IPO) in 2007, after the Blackstone Group (NYSE: BX) raised $4.75 billion that way, but market conditions scuttled the attempt.

Continue reading KKR self-buyout a step closer

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