Private equity firm Kohlberg Kravis Roberts failed to reach an agreement with bankers in charge of financing the buyout shop's $26 billion takeover of First Data, and negotiations will resume next week, a person familiar with the talks said. KKR has reportedly been meeting with Credit Suisse Group and Citigroup bankers since Monday. The financing talks on First Data have become the most heavily watched negotiations on Wall Street this year, and could set a precedent for future deals.
September 14, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Kohlberg Kravis Roberts & Co. failed to reach an agreement with bankers in charge of financing the buyout shop’s $26 billion takeover of First Data Corp., and negotiations will resume next week, a person familiar with the talks said.
The New York-based private equity firm has been meeting with bankers from Credit Suisse Group and Citigroup Inc. since Monday, said the person, who spoke anonymously because they were not authorized to speak publicly on the matter.
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