US buyout firm KKR is still considering floating on the New York Stock Exchange, one year on from first declaring its interest, reports the Wall Street Journal. The Daily Telegraph follows up, saying that KKR recently announced plans for its first foray into infrastructure investing and has also brought its credit business KKR Financial firmly in-house. It has also spent time recruiting a team of senior people to key posts. KKR filed documents a year ago, in which it set out plans to transform itself from a buyout shop to a fully fledged alternative asset manager. It planned to raise $1.25bn as part of its stock market listing but with the onset of the credit crisis, the float did not happen. In the intervening 12 months, the firm has expanded significantly, building its business lines in much the same way outlined in its proposed flotation document.

This entry was posted by Gwen Robinson on Friday, July 4th, 2008 at 5:26 and is filed under Capital markets, Private equity. Tagged with kkr. Edit this entry.