KKR on Thursday finally became a publicly quoted company as the US buyout group merged with its listed Amsterdam fund to end two years of frustrated flotation attempts. KKR inched closer to matching its rival Blackstone’s IPO in New York by swapping a 30% stake in itself for the $3bn assets of Dutch-listed KKR Private Equity Investors. KKR owners, led by co-founders Henry Kravis and George Roberts, will hold 70% of the combined entity and have the right to switch its listing to New York in six months. See also Lex.
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