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Stock Market & Financial Investment News

News Breaks
July 1, 2014
08:28 EDTKKRKKR and TPG Capital among firms examing $5B bids for Americana, Bloomberg says
KKR and TPG Capital are examining bids for a majority stake in Kuwait Foods also known as Americana, reports Bloomberg. According to people familiar with the matter, the buyout firms are among at least six groups exploring a purchase of Americana. Other bidders who could be interested for the company valued at $5B include CVC Capital Partners and Advent International Corp. Reference Link
News For KKR From The Last 14 Days
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July 31, 2014
11:48 EDTKKROptions with increasing implied volatility
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July 28, 2014
07:36 EDTKKRKKR to invest in Preferred Sands
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July 25, 2014
07:57 EDTKKRRBS says private equity investment in Ulster possible, Reuters reports
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July 24, 2014
08:30 EDTKKRCarlyle may be last firm in rigging suit as peers near settlement, NY Post says
Carlyle Group (CG) may soon be the only private equity firm left to settle a suit that accused it and several of its peers of conspiring to hold down deal prices and one source close to the situation said “my expectation is there will be a trial,” according to The New York Post. Bain Capital, Silver Lake and Goldman Sachs (GS) previously settled for a combined $150.5M and KKR (KKR), Blackstone (BX) and TPG Capital are expected to settle for an amount above that "within days," the report said. Reference Link
08:05 EDTKKRKKR reports Q2 ENI 62c, consensus 65c
Reports Q2 revenue $249.37M, consensus $289.21M. Book value was $10.4B on a total reportable segment basis as of June 30, or $12.52 per adjusted unit. Assets under management and fee paying assets under management totaled $98B and $79.7B as of June 30, respectively.
July 18, 2014
07:14 EDTKKRBlackstone, KKR, TPG discussing deal collusion suit settlement, Reuters says
Blackstone (BX), KKR (KKR) and TPG Capital are in discussions to settle a U.S. case accusing the firms of conspiring not to outbid one another and other buyout companies on takeovers of firms, according to Reuters, citing two people familiar with the matter. If all three companies settled, the Carlyle Group (CG) would be the only private equity company still up against a trial among 11 firms originally accused of colluding in agreements before the financial crisis occurred. Reference Link

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