Click here for printer friendly page
KKR posts investment loss of $1.1bn for H123/09/2008. Source: AltAssets. 
 Kohlberg Kravis Roberts & Co. has recorded an investment loss of $1.1bn for the first half of 2008.
The US buy-out giant has blamed its poor results on the difficult financing and general market conditions.
KKR annnounced recently that it plans to list on the New York Stock Exchange later this year, following its acquisition of all of the assets and assumption of all of the liabilities of KKR Private Equity Investors, the Netherlands-listed private equity investment fund.
Separately, KKR portfolio company Aricent has announced that KKR has teamed up with Bahrain-headquartered The Family Office to invest more capital into the innovation, technology and outsourcing company which focuses exclusively on the communications industry. Sequoia Capital and Flextronics International previously also invested in the Aricent.
KKR, established in 1976, has offices in New York, Menlo Park, San Francisco, Houston, London, Paris, Hong Kong, Beijing, Tokyo and Sydney.
Copyright © 2008 AltAssets
|
