In an amended prospectus for its proposed initial public offering, private equity firm KKR & Co. LP confirmed that, as part of an investigation of possible antitrust violations by private equity firms, the U.S. Justice Department's Antitrust Division has requested that KKR provide documents and information. KKR, proposed public entity formed by Kohlberg, Kravis, Roberts & Co., said it was cooperating fully.
The revised prospectus also referred to the sharp tightening of the debt markets recently, saying that if "the debt markets do not become more favorable to us in the near term, we may need to rely on financing commitments provided directly by investment banks or other sources" which may be "significantly more costly" and carry more restrictions than high-yield debt and other financing available until recently. The document also said that KKR is "in the process of registering as an investment adviser" under the Investment Advisers Act of 1940, which it had previously said it might do.
Those tidbits are perhaps the most notable of secrets that can be found in the S-1 filing. —John E. Morris
See SEC filing
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See original filing story from TheDeal.com
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Tags: private+equity, ipo
