Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 11 - 20 of 23 results for "Kohlberg Kravis Roberts"

GFC hangover hits Perpetual profit

ALISON BEVEGE  |  WEDNESDAY, 23 FEB 2011
... conditions. Having to spend $3 million responding to the private-equity takeover proposal from corporate raider Kohlberg Kravis Roberts also dented profits, noted Perpetual. The one-off costs are not however thought to have any material impact on the ...

New M&A expert in town, hires BT chief

RUTH LIEW  |  TUESDAY, 7 DEC 2010
... comes at a time when M&A activity among investment managers is rising. For example, private equity firm Kohlberg Kravis Roberts & Co made a takeover bid for Perpetual two months ago, and last month Suncorp Life sold Tyndall Investments for around $128.5 ...

Perpetual FUM stable despite KKR bid

JOHN MCDULING  |  WEDNESDAY, 17 NOV 2010
... now rests squarely on Perpetual, which remains subject to overtures from leading US private equity firm Kohlberg Kravis Roberts (KKR). The market is nervously awaiting the next move after Perpetual rejected KKR but left the door open for an improved ...

KKR bid signals more M&A in wealth mgmt

RUTH LIEW  |  TUESDAY, 2 NOV 2010
Kohlberg Kravis Roberts' takeover bid for Perpetual is an endorsement of the health of Australia's wealth management industry - and reinforces the appeal of the sector to global investors, says the chief executive of BT Investment Management. Emilio ...

Takeover will not affect client funds: Perpetual

RUTH LIEW  |  WEDNESDAY, 27 OCT 2010
Kohlberg Kravis Roberts' bid for Perpetual only involves shares in Perpetual Limited - and does not give the private equity firm access to client funds, the chairman of the committee overseeing the takeover deal told investors. "I would like to stress ...

Perpetual rejects KKR, open to better offer

JOHN MCDULING  |  MONDAY, 25 OCT 2010
Perpetual has rejected Kohlberg Kravis Roberts' (KKR) takeover proposal, but has left the door firmly ajar for an improved offer. "The board considers that the proposed price in the range of $38 - $40 per share does not reflect Perpetual's value," the ...

Perpetual Private Wealth targets growth

RUTH LIEW  |  FRIDAY, 22 OCT 2010
... million, up 30 per cent up from the prior year. Earlier this week, Perpetual announced private equity firm Kohlberg Kravis Roberts & Co (KKR) has made a takeover bid for the firm. KKR approached the firm to buy all of its shares at $38 to $40 per share. ...

KKR bids for Perpetual

RUTH LIEW  |  MONDAY, 18 OCT 2010
Private equity firm Kohlberg Kravis Roberts & Co (KKR) has made a takeover bid for Perpetual. According to an ASX statement this morning, Perpetual announced KKR approached the firm to buy all of Perpetual's shares at a price of $38 to $40 per share. ...

Market wrap - midday

AAP  |  TUESDAY, 14 AUG 2007
... prices, which have benefited from private equity firms' buyout activity this year, after private equity firm Kohlberg Kravis Roberts & Co said weak debt market conditions could hurt its profits. The Dow Jones industrial average slipped 3.01 points, or ...

Market Wrap - Morning

AAP  |  TUESDAY, 14 AUG 2007
... prices, which have benefited from private equity firms' buyout activity this year, after private equity firm Kohlberg Kravis Roberts & Co said weak debt market conditions could hurt its profits. A $US3 billion rescue package that Goldman Sachs Group ...