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Showing 1 - 10 of 17 results for "Kohlberg Kravis Roberts"

Perpetual seals $2.18bn deal with KKR, chief to retire

ANDREW MCKEAN  |  WEDNESDAY, 8 MAY 2024
Perpetual has agreed to divest its wealth management and corporate trust businesses to Kohlberg Kravis Roberts (KKR) for $2.18 billion, pending shareholder approval. The deal will see the departure of Perpetual chief executive Rob Adams. The net proceeds ...

Latitude IPOs despite spotted past

ELIZABETH MCARTHUR  |  WEDNESDAY, 21 APR 2021
... consumer credit insurance and secured $160 million in remediation for consumers. Latitude Group was owned by Kohlberg Kravis Roberts, Varde Partners and Deutsche Bank. The group continues to be majority shareholders with voting power following the IP ...

KKR offers $2.6b to acquire MYOB

KANIKA SOOD  |  MONDAY, 8 OCT 2018
The private equity juggernaut Kohlberg Kravis Roberts is looking to acquire the remaining shares of accounting and business software company MYOB. The proposal comes after a KKR affiliate bought a 17.6% share in MYOB from Bain Capital at a price of ...

Crestone signs former Rio Tinto CEO

DARREN SNYDER  |  THURSDAY, 6 OCT 2016
... as a member of the Council of Trustees; he is also chair of its foundation. He is a senior adviser to Kohlberg Kravis Roberts & Co and he previously held directorships on the boards of Barclays; Rio Tinto, and Freeport-McMoRan. A Crestone statement said ...

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 ...
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