KKR, one of the world’s largest and most successful
private equity firms, has completed buyout transactions that
are among the most complex in history. The firm’s investment
approach, however, is fundamentally simple: KKR acquires industry-leading
companies and works with management to grow and improve them
and thereby create shareholder value.
Established in 1976 and led by co-founding members Henry
Kravis and George Roberts, KKR has completed more than 160 transactions with an aggregate enterprise value of over $410 billion. As of September 30, 2007, KKR's equity investments were valued at over $86 billion on over $39 billion of invested capital, a multiple of 2.2 times. Our
investors include corporate and public pension plans, financial
institutions, insurance companies, and university endowments.
The firm's success is based on the depth, breadth, and experience
of our investment team – more than 100 professionals
who come from a variety of backgrounds, ranging from operational
roles in major companies to positions as strategy consultants
and specialists in corporate finance. The firm's 26 members
are supported by an experienced team of managing directors,
directors, principals, and associates.
The KKR investment team sources acquisitions, works with
senior managers of our portfolio companies to design ways
of growing and improving their business, determines the optimal
capital structure to support a company’s business strategy,
provides access to a global network of resources that strengthen
operational execution, and realizes value for investors when
exiting a company.
Convinced that creating long-term value requires detailed
industry knowledge and operational expertise, KKR organizes
its investment professionals into nine primary industry groups
globally. The professionals in each group have developed a
network of industry experts and an in-depth understanding
of their industry’s economic drivers, inherent risks,
and opportunities for growth and improvement.
KKR’s relationship with its portfolio companies is
generally long term. We commit our own capital to every transaction
and partner with senior managers, who invest a substantial
portion of their own net worth in their business.
KKR investment professionals are proactive board members
who understand that managers need operational autonomy. We
want the managers of our portfolio companies to own the results
of their decisions.
KKR portfolio companies assume prudent levels of debt that
enable them to invest for growth and weather economic downturns.
The firm's investment professionals work closely with management
to develop operating budgets that support research and development,
capital spending, and acquisitions.
A global firm with offices in New York, Menlo Park, London,
Paris, Hong Kong, and Tokyo, KKR operates as a single firm
with a single culture. We share common attitudes, values,
and practices and have created an environment that promotes
teamwork.
Our investment professionals adhere to the highest ethical
standards, and our growing global presence is built upon a
philosophy that embraces the cultures of the diverse geographies
in which we operate.
For a list of KKR industry firsts,
click here.
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