kkr

KKR made its initial investment in the project only a year ago and stands to make a handsome profit from the deal.

"Macro growth does not always translate into profitability, " Joe Bae, co-head of KKR's Asian operations, said at a recent conference.

KKR is now hoping the New York listing will value the firm at $15bn-$19bn, according to people familiar with the matter.

KKR founders Henry Kravis and George Roberts described the move as 'part of a strategic build out of our asset management platform. '

Buying a piece of Bear Stearns was attractive to KKR as an entree into the lucrative brokerage business at a time when prices were cheap.

It also has an advisory business, and is said to see an opportunity in helping firms raise capital.

Last August Philips announced that it was selling a majority holding of its semiconductor business to a private-equity buy-out led by KKR.

At least six efforts to raise billions of dollars -- including selling a stake to leveraged-buyout titan Kohlberg Kravis Roberts & Co.

The same approach has now been adopted by at least one of KKR's rivals, the Carlyle Group.

KKR said as much in its prospectus: underwriting deals allows the firm to "capture certain financing fees otherwise paid to third parties" .

Kohlberg Kravis Roberts, one of the world's largest buy-out groups, is soon expected to announce the closing of a $4bn Asia fund.

A number of US private equity managers, including Blackstone and KKR, are thought to be scrutinising Fortress's float.

The firm will set a date for the start of its NYSE listing once yesterday's filing is approved by the US Securities & Exchange Commission.

Sir John Bond, one of the world's most respected bankers, has joined Kohlberg Kravis Roberts as a senior adviser.

These plans were postponed after the bankruptcy of Lehman Brothers last September led to a meltdown in the financial markets.

In Singapore, KKR is reported to have paid $114m for a stake in a wastewater treatment company to gain access to the Chinese market.

However, for the big private-equity firms like KKR, the greatest opportunity may come in diversifying.

Roth said earnings before interest, taxes and amortization has increased about 25% since the toy chain was bought by Vornado, KKR and Bain.

KKR first tried to go public in 2007, shortly after Blackstone listed. A deteriorating economy put the kibosh on those plans.

Bain and KKR are among five bidders still negotiating with the company.

The new conditions that the banks finally imposed onFirst Data after long negotiations with KKR are considered to have been quitelenient.

For the past three years KKR has been banging on another set of doors: those of the New York Stock Exchange (NYSE).

In the last week of July, executives at Blackstone and KKR were rocked by a new and unsettling experience.

About 30 per cent of its holdings were in loans used to finance KKR buy-outs.

Its recent distribution deal with Fidelity Investments, the mutual fund manager, gives its nascent effort another boost.

KKR is part of a consortium investing in Mengniu Modern Animal Husbandry (Group) Co.

In many ways, KKR is catching up to competitors.

KKR will earn additional fees on the deal, as its nascent capital-markets unit serves as an underwriter on the IPO.

By remaining on Euronext, KKR will avoid the lengthy registration process and governance requirements of the NYSE.

In the case of KKR, the good news is that the firm is not raising any money in its forthcoming New York IPO.

The move wiped out the investment of several private equity firms including KKR and Goldman Sachs Capital Partners.

KKR itself has said it doesn't intend to cash out as part of any listing.

Bill Sonneborn, head of KKR Asset Management, said that the group was positioning itself for a period of more dented growth in the area.

Following the NYSE listing, KKR will own 70 per cent of the company.

The change for the firms like KKR and Blackstone is due, in part, to their evolution from private partnerships to publicly traded companies.

On Thursday, KKR moved further from its roots as an LBO shop.

KKR has remained a prominent player in the industry, investing in some of the biggest leveraged buy-outs on record.

The KKR group apparently concluded that to fight on once a deal was done would break the private-equity industry's new clubby code.

Among other things, Messrs. Schwartz and Cayne feared a deal might turn off Bear Stearns clients that competed with KKR.

By contrast, KKR told its investors that its fund never had more than $3 of borrowings for every $1 of its equity capital.

The KKR addition reflects the new reality of Wall Street regulation: Big banks have less room to wager their own money in the markets.

Morgan Stanley, TPG, and KKR declined to comment on the Journal report. CICC could not immediately be reached for comment.

The first big test for the buy-out industry will be Kohlberg Kravis Roberts' $28bn takeover of First Data, the credit card processing group.

The opportunities will instead be taken up by hedge funds and firms like KKR and BlackRock Inc. , which are money-managers and not banks.

Many are wondering why KKR, which has around $55 billion under management, wants to take its New York bow now.

Bain Capital eclipsed Kohlberg Kravis Robertsand Warburg Pincus, two US private equity rivals, in the battle to become Gome's partner.

Other big private equity firms are likely to follow suit.

In the weeks after rejecting KKR's approach, Bear Stearns received other offers of capital.

Not only at the mammoth revenue number, but also at how KKR made the cut while rival The Blackstone Group (BX) did not.

But KKR is hoping its investment in Modern Dairy will be part of the process of improving standards.

It already offers some advisory and asset-management services to clients.

Already KKR has raised money to invest in distressed securities and infrastructure development.

With KKR's funds, Modern Dairy will build 20 to 30 large dairy farms where it will have control over the whole dairy supply chain.

KKR, a pioneer in the leverage buy-out business, is best known for its $30bn takeover of RJR Nabisco two decades ago.

KKR, an American buy-out firm, has plans to raise a $6 billion Asian fund, an amount the crocodiles would kill for.

By early this year KKR's partners were considering abandoning the IPO for good.

Both KKR and International Far Eastern declined to comment.

KKR will at last list on the New York Stock Exchange. Will others follow?

First, for years firms such as KKR, Apollo and Citadel have been providing billions of dollars in underwriting fees to Wall Street.

KKR has installed a highly-regarded former GE executive to runthe hitherto poorly managed VNU.

On recent earnings calls, Blackstone and KKR executives said they had returned $6bn and $5bn respectively.

KKR said its publicly traded unit fell 32% in the quarter, trailing the average decline of 23% for the Standard & Poor's 500-stock index.

KKR originally planned a New York listing three years ago before the credit crunch scuppered the idea.

KKR's investment will support UEL's expansion in China's fast-growing water industry, the companies said in a statement.

KKR initially filed to sell shares weeks before the global credit crisis crippled equity and debt markets in 2007.

KKR, Bain and Blackstone all declined to comment.

KKR even agrees with me.

A few firms, such as KKR, invest in big companies and operate on a global basis.

To date, KKR has underwritten four deals.

Just disappointed. can't do anymore for KKR.

The departures come as regulators examine the deal to sell Morgan Stanley's 34. 3 per cent stake in CICC to KKR and TPG for about $1bn.

KKR partners would end up with 70 per cent of the shares.

KKR looks particularly vulnerable because it is less diversified than its arch-rival in the leveraged-buyout business.

KKR had better success at Dollar General, which it bought in 2007.

About 8: 30 a. m. , a team from KKR assembled in the investment- banking department on the 43rd floor to begin dissecting the firm's books .

KKR is on track to make a highly profitable exit from the investment, and it is hardly alone.

KKR has just begun paying dividends, and at current prices offers a decent yield of nearly 3%.

However, Based on Friday's closing prices, KKR would be valued at $10. 2bn.

It scrapped that plan, opting to merge with its publicly traded European fund, a combination that was completed last year.

The two funds both invested about $1bn to $1. 5bn in Kohlberg Kravis Roberts.

Rivals like TPG and Carlyle, which have long has been active in China, are stepping up activity.

KKR and Mr Chen have 30 days to appeal.

'There is a lot of pent-up demand in China for deploying capital into alternative assets, ' said David Liu, KKR's head of Greater China.

KKR, which also has been an active investor in China, declined to comment.

As recently as 2004, $14. 4 billion of KKR's $15. 1 billion of assets came from leveraged buyouts.

Kohlberg Kravis Roberts is set to expand into Hong Kong in an early bet by the US private equity group on a slowdown in the Chinese economy.

International private equity firms such as KKR and TPG have long been interested in buying banks in Japan but regulators remain wary.

To understand what happened, let's take a look at KKR's two primary sources of revenue

KKR, for example, has seen its comparable multiple fall from a high this year of 9. 8 times to 7. 3 times, according to one banker.

Now to launch kkr new look in a few hours. Kiss and will wake up kids for school