US private equity group KKR plans stock flotation

0 Comments | AFP, July, 2007

NEW YORK (AFP) — Leveraged buyout giant Kohlberg Kravis Roberts & Co (KKR) announced it intends to raise 1.25 billion dollars in a stock offering, less than two weeks after private equity rival Blackstone went public.

The long secretive KKR said Tuesday that it had filed an initial public offering registration statement with the US Securities and Exchange Commission and would list its common shares on the New York Stock Exchange.

KKR, formed in 1976 by legendary investors Jerome Kohlberg, Henry Kravis and George Roberts and which remains controlled by the latter two, has been involved in transactions involving companies worth 279 billion dollars since it began, according to company information.

The company as of March 31 held equity investments worth 76...