Kohlberg Kravis Roberts
Kohlberg Kravis Roberts & Co. (KKR ) is a large investment company (private equity investment ), with headquarters in New York. KKR was founded in 1976 by Jerome Kohlberg, Jr., Henry Kravis and George R. Roberts.
Worldwide known to KKR on 30 November 1988 as one conglomerate RJR Nabisco Inc. for the 25 billion U.S. dollar took over. The company consisted essentially of the tobacco company RJ Reynolds, the food company Nabisco and Del Monte Foods brand. The total group was sold between 1989 and 1999 in parts.
Investment strategy
By his own admission KKR investments in industrial companies usually lasts for a period of about six to seven years. During this time the company is made profitable and served with the proceeds received for the purchase of the debt. After completion of the restructuring, the company will be sold as part of an exit (eg IPO or secondary buyout ) again.
KKR in Germany
KKR has been investing for a few years in Germany through participation in companies or the purchase of companies and holds in its portfolio a number of major German companies.
Other investments
The U.S. company U.S. Foodservice heard since May 2007, jointly with U.S. firms Clayton, Dubilier & Rice and Kohlberg Kravis Roberts, after the former parent company Royal Ahold U.S. Foodservice has sold.
In April 2007 it was announced in the media that KKR wants to buy the world's largest credit card processor First Data International for 29 billion U.S. dollars. First Data, in turn, had taken over the company for payment systems in Germany only in 2006.
In April 2007, KKR also filed an offer for the acquisition of Canada's largest telephone company Bell Canada. It should be at the cost of around 19 billion euros. KKR plans to take over the company after the purchase of the stock market.
In addition, in April 2007, the Harman Group agreed to a takeover by KKR, together with Goldman Sachs Capital Partners for eight billion U.S. dollars.
" Accordingly, the U.S. manufacturer of consumer electronics for around 8 billion dollars by the private equity firm Kohlberg Kravis Roberts & Co. LP and GS Capital Partners, the private equity arm of U.S. investment bank Goldman Sachs Group Inc. has been responsible. "
On September 21, 2007, KKR and Goldman Sachs get out of the Harman takeover. Kohlberg Kravis Roberts & Co. and the investment department of the bank Goldman Sachs justified the withdrawal with a " substantive turnaround " at Harman.
In November 2010, the U.S. food company Del Monte Foods was acquired by a consortium led by U.S. private equity firm Kohlberg Kravis Roberts & Co..