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peHUB First Read

Posted on: March 12, 2013 by asormaniNo Comments »

Start Tuesday with the latest headlines including a Michigan life sciences round-up, how to find African PE deals and the lowdown on online etiquette.

Deal Value Gets a Boost on KKR-Gardner Denver

Posted on: March 8, 2013 by Luisa BeltranNo Comments »

In M&A, March didn’t really come in like a lion. The first full week of the month saw only 96 U.S. announced transactions, valued at roughly $8.3 billion, according to Thomson Reuters.

KKR’s Nuttall Says Bull Market Boosting Exit Prospects

Posted on: March 6, 2013 by Steve Gelsi1 Comment »

Scott Nuttall, global head of capital and asset management at KKR & Co. LP, said the bull market run in the U.S. equity market could boost the marquee private equity firm’s prospects for selling its portfolio companies to strategic rivals.

Surging M&A Market Could Mean Doom for U.S. Banks

Posted on: March 5, 2013 by Luisa Beltran3 Comments »

Danger looms for U.S. banks looking to take part in the burgeoning LBO and M&A market, says Fitch Ratings. A possible pickup in deals could cause U.S. banks to put too much risk on their balance sheets.

Reuters – KKR close to buying Gardner Denver

Posted on: March 5, 2013 by Reuters NewsNo Comments »

KKR is nearing a deal to buy industrial machinery maker Gardner Denver Inc and could announce the agreement in the next few days, writes Reuters. The two parties have been negotiating a final deal price and other last-minute details over the past week, after KKR bid $75 per share, or nearly $3.7 billion, for Gardner Denver, on Feb. 21, writes Reuters.

Washington State Paying 1 Percent Fee on KKR Flagship Fund

Posted on: February 28, 2013 by gregrothNo Comments »

KKR & Co. LP (KKR.N) has agreed to charge the Washington State Investment Board a super-low 1 percent annual management fee on the pension fund’s $250 million follow-on commitment to the firm’s flagship fund, KKR North American Fund XI LP, a source tells Buyouts.

Gardner Denver’s Board to Consider KKR Offer on Monday – Source

Posted on: February 22, 2013 by Reuters News1 Comment »

The board of Gardner Denver Inc plans to meet on Monday to review private equity firm KKR & Co LP’s $3.7 billion offer for the industrial machinery maker, a source tells Reuters.

peHUB First Read

Posted on: February 21, 2013 by asormaniNo Comments »

This morning find out more about the rise and rise of the angels; KKR’s interest in Geon and meet 14 new Rock Health start-ups.

Bain, KKR to Reap More Gains from HCA

Posted on: February 12, 2013 by Luisa BeltranNo Comments »

HCA Holdings continues to give back to its private equity owners. HCA shareholders, mainly KKR and Bain Capital, are selling 50 million HCA shares in a secondary that could raise as much as $1.86 billion.

Reuters – PE Revives Interest in EE Buyout

Posted on: February 11, 2013 by Reuters NewsNo Comments »

Private equity firms are reviving plans for a potential 10 billion pound ($15.7 billion) buyout of the UK’s biggest mobile operator EE, encouraged by recent deals like Virgin Media and Dell, writes Reuters. Big buyout companies including US-based KKR and Europe’s CVC Capital Partners are trying again to persuade banks to help fund a deal they have been unable to get off the ground for the past year, writes Reuters.