KKR Financial Holdings, the listed affiliate of private equity group Kohlberg Kravis Roberts, has again delayed repayment of debt backed by mortgage securities.
Kohlberg Kravis Roberts and Goldman Sachs will cancel their $8 billion takeover for Harman International Industries, but will invest $400 million in convertible notes that the audio systems maker will use for a stock buyback, the companies said Monday.
Citigroup is in talks with private equity firm Kohlberg Kravis Roberts on funding for the purchase of some of the leveraged loans on its balance sheet, the Financial Times reported on its Web site.
Is the credit crunch becoming more of a crumple? There certainly are encouraging signs of life in the credit markets where just a few weeks ago there was a scary paralysis. But it's too soon to call an end to the crisis even though the stock market is clearly taking the improvements to heart.
Two private equity firms have backed out of their $8 billion buyout of upscale audio equipment maker Harman International Industries, making it the latest in a string of such deals to run into trouble amid tightening global credit conditions.
U.S. private investment firm Kohlberg Kravis Roberts & Co (KKR) won competition clearance from the European Commission on Wednesday to buy audio equipment maker Harman International Industries for some $8 billion.
Private equity firm Kohlberg Kravis Roberts is unlikely to make major compromises in talks with banks over the financing of a $24 billion deal to take over electronic payment processor First Data, the Wall Street Journal reported on its Web site on Thursday.
Stocks ended higher at the end of a quiet week of trading, as investors were encouraged by further moves by the Federal Reserve and a vote of confidence for the nation's largest mortgage lender. The Dow Jones Industrial Average posted a weekly gain of 1.8%, the S&P 500 rose 1.7% and the Nasdaq Composite advanced 2.1%.
Stocks closed the week lower as credit market concerns had investors running for safety but a reversal of misfortune late in the week cut losses significantly.
KKR Private Equity Investors, the Amsterdam-listed affiliate of U.S. private equity giant Kohlberg Kravis Roberts, said it made an investment return of 12.3% on an annualised basis in the six months to June and an 11.6% annualised return in the second quarter.
U.S. stocks closed near the lows of the session as a return of credit market concerns sparked declines. "I think the market is trying to find a bottom, but the psychology is brittle," said Alec Young, equity market strategist at S&P. "There are concerns with the liquidity problems right now, with credit spreads widening out and where is the next shoe to drop."
An affiliate of powerful leveraged buyout firm Kohlberg Kravis Roberts & Co. said Wednesday it will lose about $40 million from selling $5.1 billion in residential mortgages and warned an additional $200 million hit could be coming.
Private equity firm Kohlberg Kravis Roberts said in a regulatory filing that weak debt market conditions could cut into its investment returns, and confirmed it is the subject of a U.S. Department of Justice probe for anti-trust violations.
What do I do with Macy's? Are there other asset classes I should be in? Cramer answers viewers' questions.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Earlier this week, we told the tale of your Breaking News producer (yours truly) nearly being run over by the “Hucky Express” -- as pharmaceuticals reporter Mike Huckman raced over with breaking news. Thursday, it was the ”Faber Flyer” that nearly knocked me over -- as David Faber found out that CNBC's parent company General Electric had dropped out of any potential bids for Dow Jones. ... Also: CNBC's Charlie Gasparino scores the second scoop.
Risk has not dampened demand for deals, says Steven Costabile, managing director at AIG Global Investment Group. He and Tim Backshall, chief credit derivatives strategist at Credit Derivatives Research, told "Power Lunch" viewers to expect more mergers and acquisitions in the foreseeable future.
Alliance Boots shareholders overwhelmingly approved an 11 billion pound ($21.8 billion; 16.2 billion euros) offer from the pharmacy chain's deputy chairman and a private equity firm on Thursday.
Laureate Education said on Sunday it agreed to a management-led buyout for about $3.1 billion in cash from an investor group that includes its chairman, private equity firm Kohlberg Kravis Roberts and hedge fund SAC Capital.
We told you earlier about the U.S. stock selloff--but they ended up, making comeback and bouncing off their lows of the session. There was that triple digit sell-off late in the afternoon only to see a rally in the last half hour of trading. CNBC's Mary Thompson has all the details in "Eye On The Floor."