Kohlberg Kravis Roberts, a US-based private equity firm, is to go public on the New York Stock Exchange via a takeover of its Amsterdam-listed fund
Partners at KKR are expected to hold 79% of the combined company, while KKR Private Equity’s shareholders will own the remaining 21%. The transaction, expected to close in the fourth quarter, will not involve cash.
The listed fund has an approximate market cap of US$2.15bn, giving the combined business a total value of US$10.25bn.
The KKR Private Equity Investors fund will be de-listed once the transaction is completed.