Henry Kravis, the king of rough-and- tumble leveraged buyouts, picked up a phone at his home in Palm Beach, Florida, and called the chief executive officer of one of Spain’s biggest producers of building materials.
KKR & Co., the private-equity firm run by Henry Kravis and George Roberts, is cutting costs at its European portfolio companies to prepare for an economic slowdown as the debt crisis worsens, said the firm’s head of global capital.
KKR & Co., the private-equity firm managed by Henry Kravis and George Roberts, said second-quarter profit fell 25 percent as market swings curbed the rebound of its buyout holdings and income earned from them.
Mark Fetting , chief executive officer of Legg Mason Inc. , has disappointed the board of directors with the disclosure of costs that have delayed his goal of lifting profitability, said two people with knowledge of the matter.
KKR & Co., the private-equity firm run by Henry Kravis and George Roberts, posted a third-quarter loss after writing down the value of its private-equity holdings by 8.5 percent as global equity markets tumbled.