Kohlberg Kravis Roberts isn't pausing in its quest for larger companies with a decent cash flow. Its latest target is First Data, which the buyout firm aims to buy for roughly $27 billion. The deal would rank as one of the ten largest buyouts ever. It would seem to be a ripe candidate for the LBO treatment. First Data posted $1.51 billion in profit and $7.08 billion in revenue last year. It has 27,000 employees; there may be room to pare. Despite its heft, it has fallen on tough times recently amid concerns about its strategy. KKR, of course, sees itself as the answer. So these sorts of large deals will become more common as all those firms put more cash to work.

For more:
- here's the New York Times article