Factbox: KKR lines up against Blackstone on NYSE
NEW YORK (Reuters) - Buyout firm Kohlberg Kravis Roberts & Co KKR.AS shares finally come to New York on Thursday and investors will be weighing them against those of arch-rival Blackstone Group (BX.N), which listed in 2007.
KKR will switch from Amsterdam-based Euronext to the New York Stock Exchange on Thursday and trading will begin when the NYSE opens, under the ticker "KKR" (KKR.N).
This is how KKR and Blackstone stack up:
* KKR has a market capitalization on Euronext of $7.1 billion, while Blackstone has a valuation of $11.3 billion. Figures are based on closing prices on Wednesday.
* KKR's assets under management were $54.7 billion as at the end of March. Blackstone said when it reported first-quarter earnings that its fee-earning assets under management totaled $98.1 billion.
* KKR's stock has risen 16.7 percent since it started trading as a combined company on Euronext at the beginning of October at around $9. The stock last traded at $10.50.
* Blackstone has lost two-thirds of its value since going public in 2007 at $31 a share. It closed trading on Wednesday at $10.28.
* KKR's economic net income for the first quarter of 2010 was $674.8 million. Blackstone reported economic net income for the first quarter of $360 million.
* ENI strips out items such as noncash charges. It is the measure that private equity firms prefer to report and that analysts follow.
* KKR is ranked at the world's third-largest private equity firm with $47 billion capital raised for its funds in the last five years, according to a report released in April by Private Equity International magazine. That puts it after the private equity unit of Goldman Sachs (GS.N), which raised $54.5 billion, and Carlyle with $47.8 billion. Blackstone is No. 7 with $31.1 billion.
* Those numbers do not include Blackstone's sixth buyout fund, expected to be more than $13 billion.
* KKR was founded in 1976 by Henry Kravis, George Roberts and Jerome Kohlberg Jr. Kohlberg resigned in 1987 and later started his own buyout firm.
* Blackstone was founded in 1985 by Stephen Schwarzman and Peter Peterson.
* Kravis and Roberts each own 87 million shares of KKR, which equates to just under 13 percent each of the total 683 million shares.
* Schwarzman owns about 23 percent of Blackstone.
* Blackstone has 17 global offices and 1,300 staff. KKR has 14 offices around the world and about 600 staff.
* Schwarzman was ranked in March as number 171 on Forbes magazine's global list of billionaires with $4.7 billion, ahead of Kravis at number 201 with $4.2 billion.
* Co-founders Kravis and Roberts are each taking a yearly salary of $250,000. Schwarzman drew a salary of $350,000 last year.
(Editing by Steve Orlofsky)
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