Friday, 25 July 2014
Last updated 3 min ago
Jul 7 2010 | 12:30pm ET
Henry Kravis and George Roberts each earned $22 million last year at Kohlberg Kravis Roberts, the private equity giant they co-founded in 1976.
That is one of the juicy details released in advance of its listing next week on the New York Stock Exchange (Also revealed: KKR spent more than $250,000 on cars and drivers for the two men last year.) Each man will own 13% of KKR after moving its listing from Euronext Amsterdam to New York on July 15. KKR went public last year by reverse-merging with its Amsterdam-listed p.e. fund, and plans to raise up to $500 million through a share sale once the move across the Atlantic is complete.
Kravis and Roberts’ combined stake in KKR will be worth an estimated $1.6 billion. The firm manages some $55 billion.
KKR has been planning a New York listing since the successful floatation of rival Blackstone Group in 2007. But the credit crisis intervened.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…