KKR to go public

Kohlberg Kravis Roberts is going public in a transaction that will involve buying out KKR Private Equity Investors (KPE), which was listed on Euronext Amsterdam two years ago, and listing the merged entity in New York.

The deal values the company between $15-19bn.

KKR Private Equity shareholders will own 21% of the combined entity while KKR will own 79%. KKR has about $60bn of assets under management.

The company is being represented by Morgan Stanley and Goldman Sachs, while Citigroup, which was originally given the mandate to serve as an underwriter on KKR's planned NYSE listing, is adviser to KPE. Lazard is acting as financial adviser to the independent directors of KPE.

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