🠈 Kohlberg, Kravis and Roberts 🠊
Kohlberg Kravis and Roberts
KKR and Co (Kohlberg, Kravis and Roberts) is a huge financial institution containing multiple private equity funds and REITs. The parent company trades on the NYSE with the symbol KKR.
This page simply lists events that I come across in researching merger and acquisition chains. It is far from complete:
- 1976: KKR was founded by Jerome Kohlberg, Jr., Henry Kravis and George R. Roberts. The partners had previously worked at Bear Stearns.
- 1981: KKR acquired Fred Meyer.
- 1984: KKR acquired Cole National Corporation which owned optical stores and Things Rembembered in a deal financed by junk bonds
- 1987: The Cole Family issued more junk bonds and regained control of the business. KKR made $160 million on deal.
- 1984: Gerry Schwartz left KKR to start Onex Corporation in Toronto, Ontario.
- 1984: KKR acquired World Color from City Investing Company. World Color produced comic books and Sunday Comic inserts.
- 1984: KKR and Merrill Lynch formed a holding company called Pace Industries which acquired the US and Canadian assets of Rheem Manufacturing from City Investing Company.
- 1985 KKR acquired Motel 6 from City Investing Company for $881 million.
- 1985: Tribune Broadcasting acquired Los Angeles based KTLA from KKR.
- 1986: KKR acquired Safeway after a hostile take over attempt by Robert Haft and begin liquidating the stores.
- 1990: KKR exited Safeway investment with an IPO.
- 1986: KKR acquired Beatrice Foods for $420 million.
- 1987: Jerome Kohlberg split from KKR to create a private equity firm called Kohlberg and Company that concentrates on smaller companies.
- 1992 KKR acquired a 47% stake in TW Services and forced it to break up.
- 1995: KKR acquired Borden, Inc (a food conglomerate) that was started in 1857. KKR sold off pieces of Borden:
- Southern Foods bought Borden/Meadow Gold Dairies which is now Dairy Farmers of America.
- Frito-Lay acquired Cracker Jack.
- American Italian Pasta Company and New World Pasta acquired the pasta line. H. J. Heinz Company acquired the sauces.
- Kraft Food acquired the Pasta Anytime.
- 2001: KKR merged the remaining assets into Borden Chemical.
- 2004: Apollo Management acquired Borden Chemical.
- 1997: KKR acquired majority stake in the grocery store Randals for $225 which it sold to Safeway in 1999.
- 200?: It appears that a private equity firm KSL Capital split from KKR in the early 2000. This Denver based fund specializes in resort properties.
- 2003: Kohlberg & Co. purchased Thousand Trails RV Resorts for $113 million which it sold to Privileged Access Gp. Corp. in 2006.
- 2004: KKR acquired Sealy Corporation from Bain Capital.
- 2007: KKR acquired EU based Boots Alliance.
- 2014: KKR sold AB to Walgreens to create Walgreens Boots Alliance
- 2015: KKR acquired Air Medical Group Holdings AMGH from Bain Capital in a deal estimated at $2 billion.
2018: KKR named the combined company Global Medical Response.
- 2017: KKR acquired American Medical Response (AMR) from Envision Healthcare Corporation and combined it with AMGH.
- 201?: KKR acquired ReSearch Pharmaceutical Services and merged it with PRA.
- 201?: KKR acquired CRI Lifetree and merged it into PRA
- 2014: KKR held partial IPO for PRA with symbol PRAHS.
- Internet Rivers - Private Equity Firms: Kohlberg, Kravis and Roberts
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