Latest news with #KohlbergKravisRoberts&Co
AU Financial Review
11-05-2025
- Business
- AU Financial Review
From barbarians to Taylor Swift: PE's push for the masses
Barbarians at the Gate is considered one of the best business books of all time. Published in 1989, it delves deep into the drama of Kohlberg Kravis Roberts & Co's audacious buyout of food and tobacco giant RJR Nabisco, which heralded the birth of private equity. The deal and the book immortalised KKR as a power player on Wall Street. Now, 35 years later, the original corporate raider manages $US640 billion ($996 billion) of assets and trades on the New York Stock Exchange with a market capitalisation of $US100 billion.
Yahoo
17-02-2025
- Business
- Yahoo
Perpetual secures revised offer from KKR for wealth and corporate trust units
Australia-based Perpetual has got a new proposal for its wealth management and corporate trust businesses from an affiliate of Kohlberg Kravis Roberts & Co. (KKR). In December 2024, Perpetual disclosed that the estimated cash proceeds from the A$2.2bn ($1.40bn) deal would be reduced due to the unexpected tax bill, with share prices potentially dropping to A$5.74 to A$6.42 from the initial A$8.38 to A$9.82 range. An independent expert's report at the time concluded that the deal was not in the best interests of shareholders. Since its announcements in December 2024, Perpetual has remained in discussions with KKR, receiving non-binding, conditional, indicative proposals, referred to as "Revised Proposals". The specifics of the latest revised proposal, including the financial terms, remain under negotiation, with the net proceeds for shareholders yet to be determined. The Perpetual Board is currently evaluating the revised proposal and its terms. They have assured shareholders that they will provide updates on the engagement with KKR in due course. At present, shareholders have been advised not to take any action, stated the company. Perpetual is a global finance company offering asset management, wealth management, and trustee services. Based in Sydney, it owns top brands such as Perpetual, Pendal, and Barrow Hanley, catering to high-net-worth individuals, nonprofits, and private firms through Perpetual Private and others. Its corporate trust arm supports funds and debt markets, with a digital expansion via Laminar Capital. Based in Sydney. It operates worldwide with offices in Asia, Europe, the UK, and the US. "Perpetual secures revised offer from KKR for wealth and corporate trust units" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
