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	Kohlberg, Kravis, Roberts (KKR): Merchants of Debt
		Kohlberg would find lenders who would provide the bulk of the capital for the purchase of the business in return for an appropriate interest rate on the debt and perhaps a share of the equity.
		Although later KKR came to consider a sinister element in the market, in 1986 KKR was still considered a "white knight." Henry Kravis and George Roberts were polite, considerate and charming while the Hafts were considered abrasive and abusive.
		KKR had found that the most difficult component of the financing of one of their LBO's was the subordinated debt.
	www.applet-magic.com /kkr.htm (2207 words)

	Kohlberg Kravis Roberts - Wikipedia, the free encyclopedia
		Kohlberg Kravis Roberts and Co (commonly referred to as KKR) is a New York City-based private equity firm that focuses primarily on late stage leveraged buyouts.
		KKR helped develop and popularize the acquisition concept known as the leveraged buyout (LBO) by creating a series of limited partnerships to acquire various corporations, which they deemed to be underperforming.
		KKR would often ensure that the target company's management retained an equity interest to create a personal financial incentive for them to approve of the takeover and work diligently towards the success of the investment.
	en.wikipedia.org /wiki/KKR (991 words)

	Wikinfo \| Henry Kravis (Site not responding. Last check: 2007-10-27)
		Kravis and his associates created a series of limited partnerships to acquire various corporations, ones they judged were performing well below their sales and profit potential.
		Under Kravis, the firm was responsible for the 1988 leveraged buyout of RJR Nabisco.
		Henry Kravis' has been married three times; his first wife died young and their 18-year-old son was killed in an automobile accident.
	www.wikinfo.org /wiki.php?title=Henry_Kravis (599 words)

	Stanford Business School: Advisory Council
		George Roberts is one of the founding partners of Kohlberg Kravis Roberts and Company (KKR) which specializes in finding, financing, and investing its own capital in management buyouts.
		Roberts was in the corporate finance department of Bear, Stearns and Co. from 1969 to 1976, having become a partner at the age of 29.
		Roberts graduated from Culver Military Academy in 1962, from Claremont McKenna College in 1966, and from University of California (Hastings) Law School in 1969.
	www.gsb.stanford.edu /advisorycouncil/roberts.html (144 words)

	Fund books loss on RJR after 15 years : A long chapter ends for Kohlberg Kravis (Site not responding. Last check: 2007-10-27)
		When Kohlberg Kravis first bought RJR Nabisco, the expectation was that it would hold on to it for a few years, improve the operations and then sell it back to the public.
		Kohlberg Kravis's equity investment of $3.5 billion came from its 1987 fund, which raised a total of $5.6 billion from institutional investors.
		Along the way, the management brought in by Kohlberg Kravis made the mistake of buying World Kitchen, which had been formed in a management buyout of the Corningware operations, which were dumped by Corning when it was going head first into fiber optics — a move that came close to bankrupting it.
	www.iht.com /articles/2004/07/09/kkr.php (814 words)

	Kohlberg triples size of its IPO - Marketplace by Bloomberg - International Herald Tribune
		SINGAPORE Kohlberg Kravis Roberts, the world's biggest buyout firm, more than tripled its initial public offering of a private equity fund to $5 billion to meet demand, bankers with direct knowledge of the sale said.
		KKR last year took in €4.5 billion, or $5.5 billion, for its second European fund and opened its first offices in Asia.
		Henry Kravis, a founder of Kohlberg Kravis Roberts, and John Edwards, senior adviser of Fortress Investment Group, will be among 12 company chiefs holding talks with Merkel on Thursday, said a German government aide.
	www.iht.com /articles/2006/05/02/bloomberg/bxkkr.php (577 words)

	George Roberts \| Man of the Year
		Prior to co-founding KKR, Roberts was in the corporate finance department of Bear, Stearns and Co. from 1969-76, having become a partner at the age of 29.
		Roberts is a former trustee of The Culver Educational Foundation and also is a board member of the San Francisco Symphony, the San Francisco Ballet, the Fine Arts Museum, and Claremont McKenna College.
		When I spoke to Roberts in Menlo Park, I asked about his perspective on KKR and his career at this point in his life, and found that he was still as feisty and as focused as he had been at Culver.
	www.culver.org /news/press_releases99_00/roberts.asp (3310 words)

	[No title]
		Kravis co-founded leveraged buyout firm Kohlberg Kravis Roberts with his cousin George Roberts and mentor Jerome Kohlberg.
		Henry Kravis' high point as king of the leveraged buyout came in 1989, when he paid a staggering $25 billion for RJR Nabisco.
		Kravis' buyout firm, Kohlberg Kravis Roberts, sold off its final shares of RJR Nabisco at a loss in 1995.
	www.lycos.com /info/henry-kravis--rjr-nabisco.html (364 words)

	Henry Kravis Biography -- Academy of Achievement
		Typically, KKR put up ten percent of the buyout price out of its own funds, and borrowed the rest from investors by issuing so-called "junk bonds." In the 1980s these bonds were usually underwritten by the investment bank Drexel Burnham Lambert.
		In 1988 KKR won a five-week bidding war to control RJR Nabisco, the 19th largest corporation in the U.S. This giant tobacco and food conglomerate owned such familiar brands as Camel, Winston and Salem cigarettes, Wheat Thins and Ritz Crackers.
		Kravis and his group bought the tobacco and food company for $25 billion, nearly double the previous record sale price of a commercial enterprise.
	www.achievement.org /autodoc/page/kra0bio-1 (905 words)

	Amazon.com: The New Financial Capitalists: Kohlberg Kravis Roberts and the Creation of Corporate Value: Books: George ... (Site not responding. Last check: 2007-10-27)
		Kohlberg Kravis Roberts & Co., universally known as KKR, pioneered the leveraged buyout and participated in some of the most celebrated takeover fights of the 1980s.
		The efforts of the partners to maintaining KKR's reputation in the marketplace is nothing short of heroic, and while there was a clear financial incentive over the short term it is clear that the longer term reputation of the company also played a clear role in motivating their actions.
		KKR sought to break new ground in enhancing shareholder value: it compelled investees to maintain a focused business strategy and to divest or spin off underperforming operations, and it was highly instrumental in making corporate America realize that capital is a scarce resource which must be judiciously employed.
	www.amazon.com.cob-web.org:8888 /New-Financial-Capitalists-Creation-Corporate/dp/0521642604 (2983 words)

	Roberts R Biography Reference (Site not responding. Last check: 2007-10-27)
		Roberts open to leaving Senate Intelligence panelThe Hill, DC - Dec 6, 2006...
		Pat Roberts (R-Kan.) said yesterday that he is awaiting a decision from Republican leadership on whether he will remain on the Intelligence Committee after...
		Pat Roberts, R-Kan., considers himself a "very close friend" of Burns and his wife, Phyllis.
	www.iaswww.com /ODP/Reference/Biography/R/Roberts (342 words)

	Kohlberg Kravis Roberts could be behind bid for Shoprite : Moneyweb (Site not responding. Last check: 2007-10-27)
		Kohlberg Kravis Roberts could be behind bid for Shoprite
		A source familiar with the situation had told Reuters that U.S. private equity giant Kohlberg Kravis Roberts (KKR) was the lead partner in the consortium bidding for the retailer, which has a 14.7 billion rand market cap.
		Shoprite shares were up 2.85 percent at 26.09 rand at 1606 GMT, compared with a 0.7 percent rise in the JSE general retailers index.
	www.moneyweb.co.za /shares/industrials/336640.htm (223 words)

	CIOL : News : Philips Electronics NV: Dutch Electronics
		Kohlberg Kravis Roberts & Co., Silver Lake Partners and AlpInvest will buy the stake in the unit, which Philips has been trying to unload as it shifts its focus from high-volume electronics to health and lifestyle-related products.
		Kohlberg Kravis Roberts & Co., one of the largest private equity firms, is currently raising what is expected to be a roughly $15 billion buyout fund.
		Last year, KKR and Silver Lake bought the chip unit of Agilent Technologies Inc.
	www.ciol.com /content/news/2006/106080401.asp (627 words)

	The Private Equity Analyst Conference 2004 (Site not responding. Last check: 2007-10-27)
		Kravis was a Partner in the Corporate Finance Department of Bear Stearns & Company, where with Messrs.
		Kohlberg and Roberts he pioneered the use of leverage in acquisitions.
		Kravis participates in all investment activities and serves on both the Investment and Portfolio Management Committees.
	www.dowjones.com /events/peac2004/keynotes.html (526 words)

	Kohlberg Kravis Roberts & Co. information and related industry information from Hoover's (Site not responding. Last check: 2007-10-27)
		The master of the 1980s buyout universe, Kohlberg Kravis Roberts (KKR) has shed its hostile takeover image for a kinder, gentler, buy-and-build strategy.
		KKR profits from fund and company management fees and its direct interests.
		Cousins Henry Kravis and George Roberts are the senior partners in KKR; recent deals have included Toys "R" Us, SunGard Data Systems, Avago Technologies, and Accellent.
	www.hoovers.com /kkr/--ID__40268--/free-co-factsheet.xhtml (434 words)

	Michael E. Marks of Kohlberg Kravis Roberts & Co.
		Michael E. Marks joined the Menlo Park, CA office of Kohlberg Kravis Roberts and Co. (KKR) in January 2006 and is a Member of the firm.
		KKR, one of the world's most experienced and successful private equity firms, has invested approximately $162 billion in more than 120 transactions since its inception in 1976. ; KKR has offices in Menlo Park, New York, London, Paris, and Hong Kong.
		Michael is leading KKR’s efforts to expand its holdings in the technology arena.
	business.missouri.edu /649/3265.aspx (238 words)

	Henry Kravis Profile -- Academy of Achievement
		Henry Kravis is one of the most successful investment bankers in history.
		As managing partner of Kohlberg, Kravis, Roberts (KKR), he is responsible for some of the biggest corporate acquisitions in history.
		In addition to his business activities, Henry Kravis is active in charitable causes and as a patron of the arts.
	www.achievement.org /autodoc/page/kra0pro-1 (389 words)

	BCE sells directory to Kohlberg Kravis Roberts & Co. - Sep. 13, 2002 (Site not responding. Last check: 2007-10-27)
		The sale to New York-based Kohlberg Kravis Roberts & Co. and the private equity arm of the Ontario Teachers' Pension Plan includes 209 print White Pages and Yellow Pages directories in Ontario and Quebec, and the electronic yellowpages.ca, toll-free and Canada 411 directories.
		The deal is the second major purchase in Canada by Kohlberg Kravis in partnership with the teachers' pension fund, one of the biggest pools of investment capital in the country.
		Henry Kravis, a founding partner of the U.S. investment firm, called the Bell directories "a high quality franchise" that his company expects to grow.
	money.cnn.com /2002/09/13/news/deals/bce.ap (414 words)

	Merchants of Debt
		Bankers Trust lend funds itself and organized syndicates of lenders to KKR.
		KKR had found that the most diffult component of the financing of one of their LBO's was the subordinated debt.
		George Roberts visited Drexel and Milken quickly agreed to purchase the $255 miilion of preferred stock.
	www.sjsu.edu /faculty/watkins/kkr.htm (2210 words)

	Roberts Environmental Center, Claremont McKenna College (Site not responding. Last check: 2007-10-27)
		The principal goal of the Roberts Environmental Center (REC) is to involve students in real-world environmental issues and to train them to analyze the issues from as broad a perspective as possible, taking science, economics and policy into consideration.
		The Center’s interest in environmental law, environmental biology, and natural resource management is reflected in its courses on these topics, and in senior theses and student summer projects it supports, many of which are carried out at the CMC Burger Reserve.
		Students and faculty at the Roberts Environmental Center have been studying these reports for several years and our methods and ongoing results are presented on this web site in graphical form, in published sector reports, technical papers, and a book.
	www.roberts.mckenna.edu /PSI/SustainabilityReporting.asp (279 words)

	Kohlberg Kravis Roberts bids for Samsung Life stake \| newratings.com (Site not responding. Last check: 2007-10-27)
		LONDON, May 17 (newratings.com) — Spokesman for Samsung Life Insurance Co, Chung Ki-seo, on Monday announced that the US-based equity fund, Kohlberg Kravis Roberts & Co, is likely to acquire a 17.6% stake in the company for approximately $794 billion if the latter's offer is accepted.
		Samsung Life is being held by its creditors as collateral for the debt of the company's former affiliate, Samsung Motor, which is defunct.
		Seoul Guarantee Insurance Co, which owns a majority 55.7% stake in Samsung Life, has announced that Kohlberg Kravis Roberts & Co has issued an LOI (Letter of Intent) to Merrill Lynch to buy a stake in Samsung Life.
	www.newratings.com /analyst_news/article_828056.html (284 words)

	Philips semis deal done, parent to retain nearly 20 percent
		The deal values Philips' semiconductors business at approximately €8.3 billion which is based on a purchase price of €3.4 billion, €4.0 billion for debt and other liabilities, and €0.9 billion for Philips' remaining stake.
		Frans van Houten, the CEO of Philips' Semiconductors business, will quit as a member of the board of Royal Philips Electronics when the acquisition is complete and become the president and CEO of the stand-alone semiconductors company which will be renamed later.
		KKR, Silver Lake and AlpInvest, are all private equity investment companies.
	www.eetimes.eu /191800304 (567 words)

	Masonite to be acquired by Kohlberg Kravis Roberts for $2.5 bn \| newratings.com (Site not responding. Last check: 2007-10-27)
		Masonite to be acquired by Kohlberg Kravis Roberts for $2.5 bn
		Masonite to be acquired by Kohlberg Kravis Roberts for $2.5 bn
		NEW YORK, December 23 (newratings.com) – Canada-based building product manufacturer, Masonite International (MHM.NYS), is to be acquired by New York based private equity group, Kohlberg Kravis Roberts & Co (KKR), for $2.5 billion (C$3.1 billion) in an all cash deal.
	www.newratings.com /analyst_news/article_589392.html (258 words)

	The LBO Meets Main Street
		The size of the offering came as a surprise, since it was more than three times as large as the $1.5 billion KKR had previously indicated it was planning to raise.
		Financial firms are tapping overseas exchanges for some of their investment funds, in part because disclosure requirements often aren't as strict as they are in the U. The investment banks handling the deal are Citigroup (C), Goldman Sachs (GS), and Morgan Stanley (MS).
		While that isn't in league with the public fund that KKR has in mind, it has been an active player in the business, with investments in more than 50 companies since it went public in 2004.
	www.businessweek.com /investor/content/may2006/pi20060502_660593.htm (906 words)

	M&A Roundup - Mergers and Acquisitions - CFO.com
		Xstrata and Flaconbridge; Ashtead and NationsRent Cos.; BMG, EMI, Kohlberg Kravis Roberts, Universal, Warner Music, Viacom and GTCR Golder Rauner; BMG and Sony Music; New York Observer and Tribeca Enterprises; and more.
		The company with a $17.6 billion market capitalization fielded bids from Bain Capital, Kohlberg Kravis Roberts, Merrill Lynch Private Equity and the family of Senate Majority Leader Bill Frist, whose father and brother founded HCA.
		The company's $11 billion debt load proved to be a significant barrier to what would have been one of the largest buyouts in history.
	www.cfo.com /article.cfm/7212750?f=home_featured (552 words)

	Kohlberg Kravis Roberts & Co. - Wikipedia, the free encyclopedia
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	en.wikipedia.org /wiki/Kohlberg_Kravis_Roberts_&_Co. (171 words)

	Channelweb Exclusive News
		SAN JOSE, Calif. — Equity firms Kohlberg Kravis Roberts & Co. (KKR) and Silver Lake Partners have apparently won the auction for Philips Electronics NV's semiconductor division, according to a report from the Wall Street Journal on Tuesday (August 1).
		According to sources, the bidders were Kohlberg Kravis Roberts & Co. teamed up with Silver Lake Partners; Permira Advisors of London linked with Texas Pacific Group; and Blackstone Group and Bain Capital Inc. together with Apax Partners Worldwide LLC and Francisco Partners Management LLC.
		Seeking to reposition itself as a pure-play measurement company, Agilent Technologies Corp. last year sold its troubled semiconductor business to equity fund companies KKR and Silver Lake for $2.66 billion.
	channelweb.com /sections/allnews/article.jhtml?articleId=191601393 (383 words)

	KOHLBERG KRAVIS ROBERTS & CO.
		For more detailed information on individual KKR portfolio companies, please visit those companies' websites, which can be accessed through links on the Current Investments page.
		A consortium led by Kohlberg Kravis Roberts and Co. and CVC Capital Partners announces that the transfer of 100% of the share capital in AVR for a total enterprise value of €1.4 billion from the Municipality of Rotterdam has taken place.
		KKR Announces Appointment of David Liu as a Managing Director of the Firm
	www.kkr.com /news/index.html (409 words)

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