Key Developments: KKR & Co LP (KKR)
20.91USD
17 May 2013
$0.36 (+1.75%)
$20.55
$20.70
$20.99
$20.56
3,414,460
2,425,433
$21.60
$11.03
Latest Key Developments (Source: Significant Developments)
KKR & Co LP Announces Agreement To Acquire Majority Stake In SMCP
KKR & Co LP announced that it has signed a definitive agreement with SMCP`s current shareholders to acquire a majority stake in the Company alongside its management team. KKR will own approximately 65% of the Company`s share capital with management retaining approximately 35%. The agreement remains subject to regulatory approvals and customary closing conditions. KKR was advised by Rothschild & Cie and SMCP Group was advised by J.P. Morgan and Leonardo & Co. Full Article
KKR & Co LP to Acquire Alliance Tire Group from Warburg Pincus
KKR & Co LP announced it has entered into an agreement to acquire a controlling stake in Alliance Tire Group, a global tire maker specializing in producing off-highway tires, from an affiliate of Warburg Pincus. Yogesh Mahansaria, founder of ATG, will continue to maintain an ownership stake in the Company and partner with KKR to continue to grow the business. Terms of the transaction were not disclosed. Full Article
Two Buyout Groups Including KKR & Co LP Ready BMC Software Inc Final Bids-Reuters
Reuters reported that BMC Software Inc is expected to receive final takeover bids on April 22, with potential buyers pared down to two private equity groups. Buyout firm Thoma Bravo has joined a bidding group led by KKR & Co LP and TPG Capital LP, while Bain Capital LLC and Golden Gate Capital remain teamed up for the auction. The private equity firms are finalizing financing for their respective bids, who asked not to be named because the talks are private. BMC could receive final bids ranging from the mid- to upper $40s per share. Buoyant debt markets have encouraged private equity to consider larger deals which in turn call for larger equity checks and make buyout firms more open to teaming up. Full Article
Thermo Fisher Scientific Inc Bids For Life Technologies Corp; Blackstone Group LP, Carlyle Group LP And Other PE Firms Finalizing Offer-Reuters
Reuters reported that Thermo Fisher Scientific Inc made a binding offer for Life Technologies Corp on Tuesday as private equity firms raced to finalize a consortium to take the genetic testing equipment maker private. Life Tech, with a current market value of more than $11 billion, has become an attractive target due to its strength in advanced diagnostics and gene sequencing and if Thermo Fisher were to prevail, the deal would make it a major player in the genetic sequencing market. Thermo Fisher met a bid deadline on Tuesday but private equity firms working on a joint bid missed it and were working late into the evening to secure the equity required to support an offer, the people said. Blackstone Group LP, Carlyle Group LP and Singapore's state investor Temasek Holdings were in talks with KKR & Co LP about securing the required equity and finalizing a buyout consortium. Life Technologies would likely accept an offer past the bid deadline to keep the process competitive. Full Article
KKR & Co LP, Others Said To Bid More Than $12 Billion For Life Technologies Corp-DJ
Dow Jones reported that KKR & Co LP and an investor group composed of Blackstone Group LP, Carlyle Group LP, TPG Capital and Temasek Holdings are joining to bid more than $12 billion for Life Technologies Corp, The New York Post reported. Binding offers were due Tuesday for the laboratory equipment maker. Full Article
KKR & Co LP In Talks To Buy French Clothing Brands Sandro, Maje-Reuters
Reuters reported that KKR & Co LP has entered into exclusive talks to buy a majority of French fashion brands Maje, Sandro and Claudie Pierlot. The acquisition of the brands, partially owned by LVMH Chief Executive Bernard Arnault, would give them an enterprise value of EUR650 million. Full Article
KKR & Co LP, Carlyle Group LP And Others vie For Onex Corp's Carestream Health Inc-Reuters
Reuters reported that Bain Capital LLC, Carlyle Group LP and Thomas H. Lee Partners LP are among the private equity firms competing for Carestream Health Inc, a medical imaging systems provider that its owner Onex Corp hopes to sell for as much as $3.5 billion. Hellman & Friedman LLC and KKR & Co LP are also bidding in the auction of Carestream. Carestream, Onex and Bain did not respond to requests for comment. Carlyle, Thomas H. Lee, Hellman & Friedman and KKR declined to comment. Full Article
KKR & Co LP To Acquire Ontario SolarProjects
KKR & Co LP announced the acquisition of three solar photovoltaic (PV) energy projects (SSM Solar) from an affiliate of Starwood Energy Group. Terms of the transaction were not disclosed. Full Article
KKR & Co LP, Apax To Bid For Vivendi SA's GVT-Reuters
Reuters reported that private equity firms KKR & Co LP and Apax Partners are teaming up to bid for French media group Vivendi SA's Brazilian telecoms subsidiary GVT, according to Bloomberg. The KKR-Apax group is said to be willing to pay as much as EUR5 billion ($6.8 billion) for GVT, below Vivendi's asking price of 8 billion. BTG Pactual Group , Latin America's investment bank, is still considering whether to join the bid. The group would be bidding against U.S. satellite firm DirecTV, which may be able to come closer to Vivendi's asking price because of the efficiencies the deal would create. Full Article
KKR & Co LP To Offer Senior Notes
KKR & Co LP announced the intention to offer, senior notes of KKR Group Finance Co. II LLC, indirect subsidiary. The notes will be fully and unconditionally guaranteed by KKR & Co. L.P. and subsidiaries, KKR Management Holdings L.P. and KKR Fund Holdings L.P. KKR intends to use the proceeds from the notes offering for general corporate purposes. The notes will be offered and sold to qualified institutional buyers in the United States pursuant to Rule 144A and outside the United States pursuant to Regulation S under the Securities Act of 1933. Full Article
Analysis - Blackstone and peers have a bargain for you: themselves
NEW YORK - Alternative asset managers such as Blackstone Group LP and KKR & Co LP have for decades scoured the stock market for undervalued companies. Now they are trying to convince investors that shares in their own firms are a bargain.
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
