KKR delays public listing
Many of you likely thought it was ambitious of Kohlberg Kravis Roberts to plow forward to a public listing. The environment is hardly welcoming right now. So it's not really a surprise that the private equity giant has postponed plans for its going-public transaction to 2009, according to media reports. Previously, the deal was planned for sometime in 2008. KKR made headlines when it announced it will list on the NYSE Euronext via a takeover of its Amsterdam-listed investment fund, KKR Private Equity Investors, which continues to flag. The transaction would have killed two birds with one stone, listing KKR and shoring up KKR Private Equity. But the financial markets will not allow for it just yet. It's unclear if KKR Private Equity Investors will need some sort of capital injection. Recall that Carlyle Capital Corp., an affiliate of Carlyle Group, was also listed in Amsterdam; it went bankrupt in March.
For more:
- here's the CNNMoney article
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