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KKR & Co LP

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  • Dec 14- Pet supply retailer PetSmart Inc succumbed to calls from some shareholders for a sale on Sunday with an agreement to be bought by a private equity consortium led by BC Partners Ltd for $8.7 billion, in the largest leveraged buyout of the year. PetSmart said BC Partners, as well as some of its fund investors, including La Caisse de dépôt et placement du...

  • SYDNEY, Dec 4- Private equity firm KKR& Co has invested about $100 million in UK- based agribusiness Sundrop Farms Holding Ltd, which plans to use solar panels and sea water to grow vegetables in a vast greenhouse in Australia's driest state. The two firms aimed to develop a hub for innovative techniques for arid climate agriculture, and KKR's investment would also...

  • Nov 21- Sysco Corp, the biggest U.S. food distributor, is in advanced talks to sell some assets to a food company owned by Blackstone Group in order to win regulatory approval for its acquisition of US Foods Inc, the New York Post reported, citing sources. Once Sysco strikes a deal to divest some assets, the Federal Trade Commission is expected to clear the acquisition,...

  • Nov 20- GoDaddy Inc is planning an initial public offering early next year that would value the world's biggest provider of web addresses at roughly $4.5 billion, the New York Post said. GoDaddy, backed by KKR& Co and Silver Lake Management LLC, first filed to go public in June. Chief financial officer, Scott Wagner, met with analysts last week to give an update on the...

  • BUSINESS-NEWS-SCHEDULE AT 1630 GMT /11:30 AM ET Wednesday, 19 Nov 2014 | 11:40 AM ET

    WASHINGTON- President Barack Obama might be open to using the Keystone pipeline as leverage with Republicans if they cooperate on other aspects of his long-stalled domestic agenda, such as investing in infrastructure, closing tax loopholes or reducing carbon emissions. U.S. regulator seeks nationwide recall of Takata air bags. WASHINGTON- The U.S. auto...

  • BUSINESS-NEWS-SCHEDULE AT 1600 GMT /11:00 AM ET Wednesday, 19 Nov 2014 | 11:07 AM ET

    WASHINGTON- President Barack Obama might be open to using the Keystone pipeline as leverage with Republicans if they cooperate on other aspects of his long-stalled domestic agenda, such as investing in infrastructure, closing tax loopholes or reducing carbon emissions. WASHINGTON- The U.S. auto safety regulator has told Japanese supplier Takata Corp and...

  • NEW YORK, Nov 18- Buyout firms KKR& Co LP and Clayton, Dubilier& Rice LLC have teamed up to take PetSmart Inc private for more than $7.5 billion, people familiar with the matter said on Tuesday, as the auction for the pet food retailer heats up. KKR and CD&R are planning to submit a joint bid for PetSmart next month, the people said. PetSmart shares traded up 2.2 percent on...

  • DUBAI, Nov 18- The Middle East's private equity market is trying to put its Wild West days behind it, drawing big international players for the first time since investors lost heavily when the global financial crisis hit the region. While most of the interest is focused on the stable Gulf Arab states, Western investors are still seeking risk premiums over markets...

  • *Earnings season begins to wind down this week, with 16 S&P 500 companies expected to report quarterly results, including retailers Wal-Mart and Macy's as well as network equipment maker Cisco Systems. *McDonald's Corp said worldwide sales at restaurants open at least 13 months fell 0.5 percent in October, hurt by stiff competition in the United States,...

  • *Earnings season begins to wind down this week, with 16 S&P 500 companies expected to report quarterly results, including retailers Wal-Mart and Macy's as well as network equipment maker Cisco Systems. *According to Thomson Reuters data through Friday, of 442 companies in the S&P 500 to report earnings, 74.2 percent have topped Wall Street expectations, well...

  • Nov 10- KKR& Co, which led the acquisition of oil and gas producer Samson Resources Corp for $7.2 billion in 2011 and has already sold almost half its acreage to cope with lower energy prices, plans to sell its North Dakota Bakken oil deposit worth less than $500 million as part of an ongoing downsizing plan, according to people familiar with the matter.

  • Making junk-rated loans to companies that are often owned by private equity firms is a lucrative, high-margin business for major Wall Street banks. Leveraged loans accounted for $254.7 billion, or 74.7 percent, of criticized assets in the 2014 review, compared with $227 billion, or 75 percent, of criticized assets in 2013, the Federal Reserve, the Federal...

  • Nov 3- Food distributor Sysco Corp said it did not expect to complete its acquisition of US Foods Inc this year and it was still in talks with U.S. antitrust regulators to secure an approval for the deal. Shares of Sysco, which also reported better-than-expected quarterly sales and profit, fell 3 percent in early trading. Sysco said in December 2013 that it would buy...

  • Nov 3- Food distributor Sysco Corp said it did not expect to complete its acquisition of US Foods Inc this year and it was still in talks with U.S. antitrust regulators to secure an approval for the deal. Sysco said in December 2013 that it would buy US Foods for about $3.5 billion from its private equity owners, including KKR& Co.. Sysco also reported on Monday...

  • Oct 30- Apollo Global Management LLC reported a bigger-than-expected 91 percent drop in third-quarter profit on Thursday, as its private equity funds depreciated, in stark contrast to its peers, and the firm generated less cash from selling assets. A halt to the stock market rally weighed on the earnings of all of Apollo's publicly listed peers, with KKR& Co LP and...

  • Fed day: Give these guys your money Wednesday, 29 Oct 2014 | 8:41 AM ET
    Federal Reserve Board Chair Janet Yellen.

    Investors betting on rising rates and bank stocks may want to consider fund managers, especially with the Fed in no rush to push rates up.

  • Ex-Chesapeake boss McClendon backs young hedgies Monday, 27 Oct 2014 | 11:10 AM ET
    Aubrey McClendon

    Aubrey McClendon is back in the hedge fund game, but this time he's taking a far more indirect approach with a pair of fellow Duke grads.

  • Midday movers: Deere, GrubHub, Lazard, Pfizer & more Thursday, 23 Oct 2014 | 12:50 PM ET

    Some of Thursday's midday movers:

  • NEW YORK, Oct 23- Private equity firm KKR& Co LP reported a lower-than-expected 27 percent year-on-year drop in third-quarter profit on Thursday, as its holdings appreciated more than many analysts foresaw and it generated more cash by exiting its investments. KKR's steep earnings drop was driven by a lower appreciation of its private equity investments...

  • WASHINGTON, Oct 20- The top two lawmakers on the Senate's antitrust panel have urged regulators to scrutinize food distributor Sysco Corp's planned purchase of rival U.S. Foods for $3.5 billion. Sysco and U.S. Foods are the only companies with the geographic reach to offer nationwide contracts to deliver a wide variety of goods from napkins to eggs to cleaning...