KKR (Finally) Goes Public

Oct 1 2009 | 12:35pm ET

After three false starts, Kohlberg Kravis Roberts is finally a public company.

The private equity giant completed its much-delayed reverse merger with its Amsterdam-listed affiliate, making the New York-based firm a Euronext-listed company. The move is a first step towards transferring the listing to the New York Stock Exchange, which will likely come in the spring, Reuters reports.

“Our missing is to create attractive returns for our investors,” KKR founder Henry Kravis and George Roberts said. “This transaction is a milestone that will enhance this mission and provide capital to grow our firm.”

The listed European partnership, KKR Private Equity Investors, has been renamed KKR & Co. (Guernsey). KPE shareholders own 30% of the combined company, while KKR’s executives own the rest. And while the plan may eventually be to raise capital for the firm, KKR neither issued new shares, nor did its executives sell any of theirs.

Over the summer, KKR shelved its planned listing in New York to offer better terms to KPE investors. It was the third time the firm has postponed plans to go public since first announcing them two years ago.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...