Kohlberg Kravis Roberts changes course (Dealscape

Bowing to the global economic downturn, buyout house Kohlberg Kravis & Roberts Inc. pulled its filing for an initial public offering in the U.S. and said it plans to complete its proposed merger with its listed vehicle in Euronext instead.

The firm said Wednesday that under the revised terms of its proposed merger with KKR Private Equity Investors LP, KPE's shareholders will increase their holding to 30% -- from the previously planned 21% -- of the combined entity. KPE will still trade in Amsterdam, under the ticker KPE. KKR executives will retain the remainder of the equity and about 40% of the carried interest earned by the merged entity, it said in a statement.

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NOT A SUBSCRIBER? Kohlberg Kravis Roberts changes course Posted on June 25, 2009 9:26 AM Bowing to the global economic downturn, buyout house Kohlberg Kravis & Roberts Inc. pulled its filing for an initial public offering in the U.S. and said it plans to complete its proposed merger with its listed vehicle in Euronext instead. The firm said Wednesday that under the revised terms of its proposed merger with KKR Private Equity Investors LP, KPE's shareholders will increase their holding to 30% -- from the previously planned 21% -- of the combined entity. KPE will still trade in Amsterdam, under the ticker KPE. KKR executives will retain the remainder of the equity and about 40% of the carried interest earned by the merged entity, it said in a statement. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 90 articles related to KKR Private Equity Investors LP 32 in-depth reports of PE deals related to Kohlberg Kravis Roberts & Co. LP 20 in-depth transaction records for KKR 13 in-depth transaction records for Euronext 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Birds Eye Cadbury AG Agrium Inc. Skadden Arps Revolution Money Tandberg ASA Aisling Capital Ken Lewis Natco		EXISTING USERS Username Password Forget your password? Missing a product?

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