Forstmann Little & Co. attracted first-round bids for the talent agency IMG Worldwide Inc. from Silver Lake Management LLC, TPG Capital, CVC Capital Partners Ltd. and KKR & Co., people familiar with the matter said.
Samson Investment Co., an oil and gas producer owned by a group of investors led by KKR & Co., canceled plans to seek a lower rate on a $1 billion covenant- light loan, according to a person with knowledge of the transaction.
KKR & Co., the private-equity firm led by Henry Kravis and George Roberts, agreed to buy Mitchell International Inc., the first buyout by the firm’s technology group since the head of the team stepped down earlier this year.
Henry Kravis, the billionaire co- founder of KKR & Co., the buyout firm that manages $66 billion in assets, knows a thing or two about disaster recovery. Following the terrorist attacks of Sept. 11, he helped secure interest-free loans for 89 damaged businesses so they could re- open.
Top executives at buyout firms including Blackstone Group LP, KKR & Co., Bain Capital Partners LLC and Carlyle Group LP assured each other in e-mails that they wouldn’t compete on deals to avoid driving up prices and angering competitors, according to a now public court complaint.
At least seven bidders are said to be interested in acquiring Hulu LLC, and their divergent motivations in pursuing the deal could end up radically altering the strategy of the online-television service.
PRA Holdings, the clinical research firm that KKR & Co. is acquiring from Genstar Capital LLC, is seeking $950 million in loans to support the buyout and its merger with ReSearch Pharmaceutical Services Inc., according to a person with knowledge of the transaction.