KKR has bid A$1.75bn to takover MYOB Group (MYO.AX) which if successful would make it KKR's biggest acquisition in Australia and go a long way to growing its portfolio of tech businesses. MYOB said its board was studying the non-binding offer.
Showing posts with label kkr. Show all posts
Showing posts with label kkr. Show all posts
Friday, 19 October 2018
Australia Mortgage Lenders Bought up by US Private Equity Firms
KKR, Blackstone and Cerberus are all in on the game.
Monday, 15 December 2008
KKR Creates Asset Management Division to Exploit Market Turmoil
Private equity / "alternative asset" specialist KKR (founed by Henry Kravis and George Roberts in 1976) have announced the creation of a new asset management division.
KKR's original business model was using junk bonds to buy underperforming companies, rework the balance sheets and sell on for profit. This is the idea of the "leveraged buyout". Their most famous transaction was the LBO of RJR Nabisco in 1989 for $25bn, the storyline behind "Barbarians at the Gate".
KKR's original business model was using junk bonds to buy underperforming companies, rework the balance sheets and sell on for profit. This is the idea of the "leveraged buyout". Their most famous transaction was the LBO of RJR Nabisco in 1989 for $25bn, the storyline behind "Barbarians at the Gate".
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