KKR to pay $30M for years of wrongly charging investors
Henry Kravis has a fee problem. Kravis’ private equity powerhouse KKR & Co. on Monday agreed to pay $30 million to settle allegations it passed on to outside investors fees that its partners should...
View ArticleSamson Resources to file for bankruptcy protection
Henry Kravis’ Samson Resources has run out of gas. The fracking outfit, based in Kravis’ hometown of Tulsa, Okla., is planning to file for bankruptcy protection within days, The Post has learned. KKR...
View ArticleKKR, Hellman & Friedman sniff out Petco for potential deal
Buyout shops KKR and Hellman & Friedman are sniffing around Petco, The Post has learned. The private equity firms made preliminary offers for the pet supply chain last week and, so far, are seen as...
View ArticleSEC fines Blackstone $39M for failing to disclose some fees
Private-equity firms continue to get caught with their hands in the cookie jar. Stephen Schwarzman’s Blackstone Group on Wednesday agreed to pay $39 million to settle civil charges that it did not...
View ArticleKKR near deal to buy large chunk of offices at 30 Hudson Yards
KKR is on the brink of completing a deal to buy a big chunk of office space at Related Cos./Oxford’s Hudson Yards, we are told. Sources said an announcement may come as early as this week. The publicly...
View ArticleKKR inks deal to move offices to 30 Hudson Yards
Global investment giant KKR will move its headquarters to 30 Hudson Yards, the 90-story tower being developed by Related Cos. and Oxford Properties Group, the firms confirmed on Thursday. The Post...
View ArticleIs this Warren Buffet’s worst investment ever?
It’s one of the costliest investments in US history — and some of the country’s savviest investors are still getting clobbered. Bankrupt Dallas utility Energy Future Holdings has eaten more than $18...
View ArticleMajor for-profit university agrees to pay $95.5 million to settle federal,...
The nation’s second-biggest for-profit university agreed Monday to pay $95.5 million to settle federal probes, five state investigations and four whistleblower actions that accused the company of...
View ArticleWagamama’s ramen noodles are finally making NY debut
The wait will soon be over for Wagamama fans. The Japanese-inspired, London-based chain of pan-Asian casual eateries has signed a lease for its long-awaited New York debut. Wagamama is taking 7,000...
View ArticleWells Fargo signs deal to move Midtown office to Hudson Yards
A San Francisco-based banking giant is making its New York home on the Far West Side. Wells Fargo Securities confirmed Friday that it has signed on to be a major tenant at 30 Hudson Yards by 2020,...
View ArticleSemiconductor maker Marvell is open to sale
Semiconductor maker Marvell Technology Group, which last month settled a patent dispute with Carnegie Mellon University for $750 million, is open to a sale, The Post has learned. KKR and Starboard have...
View Article‘Gun-loving’ Wall Street firms close in on Cabela’s
Wall Street certainly loves its guns. Despite weeks of silence regarding the sale of Cabela’s, the hunting and fishing equipment retailer, final bids are expected by the end of the month — and two Wall...
View ArticleMeet the moguls who dropped $4 billion on UFC
It was announced on Monday that the Ultimate Fighting Championship had been sold for a whopping $4 billion to a group led by WME-IMG. UFC co-owners Lorenzo and Frank Fertitta will be stepping away from...
View ArticleKKR’s bankrupt former fracking outfit attracts bidders
One of Henry Kravis’ big, bad energy bets is looking even worse. Suitors for bankrupt Samson Resources are seeking to pick up pieces at a steep discount to the $7.2 billion the fracking giant fetched...
View ArticleTrump reached out to Kravis about Treasury secretary job
Henry Kravis has spoken to President-elect Donald Trump about being Treasury secretary, The Post has learned. The conversation took place after Trump beat Hillary Clinton on Nov. 8, two sources close...
View ArticleBruised sporting goods industry could make a comeback
The battered sporting goods sector is starting to get the once-over from some of the country’s largest private equity firms, The Post has learned. After falling team sport participation rates among...
View ArticleKKR is interested in buying opioid maker Depomed
Henry Kravis is not bothered by opioids. His firm KKR & Co. is still interested in buying opioid maker Depomed, a publicly traded company that’s for sale and that’s taking final bids next...
View ArticleKKR ready to relinquish $2B investment in Samson Resources
Henry Kravis’ biggest oil bet is about to go bust. KKR is ready to abandon its roughly $2 billion investment in Samson Resources rather than pump more money into the troubled oil and gas driller, The...
View ArticleKKR exploring second option to save fracking giant Samson
Henry Kravis’ firm KKR is pursuing two tracks as its fracking giant Samson Resources nears breaking its loan covenants. The Post reported exclusively Monday that Samson was working on a restructuring...
View ArticleMorgan Stanley flouts Fed guidelines with risky $1B loan
Morgan Stanley is double-daring Fed Chair Janet Yellen. The investment bank, led by CEO James Gorman, has underwritten a roughly $1 billion highly leveraged loan — one that rivals passed on — at a...
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