US buyout firm Kohlberg Kravis Roberts is to acquire and de-list its Euronext-traded fund, KKR Private Equity Investors, and list the combined entity on the New York Stock Exchange later this year.
The firm revealed the surprise agreement with KKR Private Equity Investors (KPE) Sunday evening, quashing persistent speculation it would abandon prior plans to go public given tougher market conditions and the falling share prices of fellow mega-firms The Blackstone Group and Fortress Investment Group.
