New York-based private equity giant KKR & Co. (formerly Kohlberg Kravis Roberts) announced on Monday that it had agreed to merge with a European affiliate, KKR Private Equity Investors (KPE), which trades on the Euronext exchange in Amsterdam.
Bloomberg reports that the transaction has been approved by directors at KKR and KPE and will be completed on Oct. 1 if a majority of KPE unit holders agree to the merger during voting in the third quarter. The deal could bring KKR one step closer to a public listing in New York, which it delayed last year amid turmoil in the credit markets.
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