(Reuters) - Private equity firm Kohlberg Kravis Roberts & Co. said in its IPO prospectus earlier this week that the $1.25 billion offering will allow the firm to expand its ability to syndicate equity and reduce reliance on third-party sources of capital.
Syndicating leveraged buyout equity is normally the role of investment banks. Does KKR wish to cut banks entirely out of the LBO process? The answer is no, sources close to the firm say, since the firm will still rely on banks to handle the debt borrowed for the deals.
Read more at Reuters.com Business News
Syndicating leveraged buyout equity is normally the role of investment banks. Does KKR wish to cut banks entirely out of the LBO process? The answer is no, sources close to the firm say, since the firm will still rely on banks to handle the debt borrowed for the deals.
Read more at Reuters.com Business News
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