On Monday, Pfizer announced it would sell its Capsugel business to private-equity firm KKR for $2.375 billion. If the hints the drugmaker has been giving lately are true, the move could be the start of two years of major asset sales. Here's what's ahead for the world's biggest pharmaceutical company.
Less than a week after reports that Kohlberg Kravis Roberts was in talks to buy Del Monte, the food producer says it is indeed being bought by a group of private-equity investors led by KKR. It joins a crop of other companies that have been taken private this year.
A group of private-equity investors is calling on the CEO of Chinese Internet giant Alibaba Group to throw his support behind a buyout offer for Yahoo, Reuters reports. Alibaba founder Jack Ma is reportedly considering his options regarding the U.S. firm that holds a 40% stake in his company.
After seeing interest from potential buyers, children's clothing retailer Gymboree has hired Goldman Sachs to auction itself off, and more private-equity firms have already stepped in to say they want to play. Gymboree executives are reportedly looking for price of $55 to $60 a share.
Henry Kravis, billionaire co-founder of private equity outfit KKR, pledged $100 million to Columbia Business School, the largest gift in the institution%u2019s history.
Food giant Sara Lee saw its shares surge over 18% in premarket trading Monday after the New York Post reported the company turned down a $12 billion buyout offer from private-equity company KKR & Co.), citing unnamed sources.
Kelley Blue Book Co., the venerable publisher of car-buying guides, is looking for a buyer itself, according to a report in the Financial Times. Within the past few weeks, the family-owned company has retained JP Morgan to handle the sale process, sources say.
The private equity giant said late Monday that it would not proceed with a proposed $500 million public offering, citing "unfavorable market conditions." The firm reported weaker second-quarter earnings, which dropped a whopping a 91%.
Henry Kravis, George Roberts and Jerome Kohlberg started the firm back in 1976 and achieved fame by making hefty profits from leveraged buyouts. Today, its business is much broader as it makes its NYSE trading debut.
As private-equity giant KKR moves at last toward completing its own IPO, it is opening up its internal finances to the SEC. One of the more interesting items: How little its two billionaire founders, cousins Henry Kravis and George Roberts, earned from the business last year.
Kohlberg Kravis Roberts is considering a $200 million investment in CAA. Should the deal get done, it would raise the only two questions that matter in Hollywood: who wins and who loses?
Private equity powerhouse Kohlberg Kravis Roberts & Co announced it will invest up to $400 million in a joint venture with Houston-based Hilcorp Energy to develop the Eagle Ford Share in South Texas.
A new suitor may be entering the bidding war for Healthscope, the second-largest private hospital chain in Australia: Tenet Healthcare. But the market's response to word of the negotiations has been decidedly negative.
Private-equity powerhouse KKR is going public in the U.S., and demand for its shares should be strong on the NYSE. The company's first-quarter results suggest it's gaining traction in the recovery.