Deutsche Bank, JPMorgan Abandon Second Loan Offering for KKR Boots Buyout

(Bloomberg) -- Deutsche Bank AG, JPMorgan Chase &
Co. and UniCredit SpA canceled the sale of 1 billion pounds ($2
billion) of loans for Alliance Boots Plc after failing to find
investors, two people with direct knowledge of the deal said.

The underwriters withdrew the offer of second-lien loans,
debt that ranks after senior loans for repayment, said the
people, who declined to be identified because the discussions
are private. Kohlberg Kravis Roberts & Co.'s bankers, which last
month pulled 5 billion pounds of senior loans, will only
syndicate 750 million pounds of mezzanine debt that ranks last
for repayment and pays the highest interest.


Read more at Bloomberg Bonds News

Deutsche Bank, JPMorgan Delay KKR Boots Loan Sale to Next Week, People Say

(Bloomberg) -- Deutsche Bank AG, JPMorgan Chase &
Co. and six more banks delayed selling 1.75 billion pounds ($3.6
billion) of Alliance Boots Plc loans until next week, bankers
involved in the deal said.

The underwriters extended today's deadline for investors to
buy the loans as the benchmark index for leveraged loans fell to
the lowest in at least nine months, said the bankers who
declined to be identified because the information is private.
Kohlberg Kravis Roberts & Co.'s bankers canceled plans earlier
this week to raise 5 billion pounds of lower-yielding senior
loans for Boots after investors snubbed the deal.


Read more at Bloomberg Bonds News

Buyout firms tout record in UK political showdown

(Reuters) - Pressed about any negative effects of the leveraged buyout industry, representatives of Carlyle Group , Kohlberg Kravis Roberts & Co. , Permira and 3i Group were universal in saying they could think of none.




"Private equity is a force for good," KKR managing partner Dominic Murphy told a Treasury Committee, while Carlyle managing director Robert Easton said: "My own experience in private equity in this country has only been positive ... It's been positive for the companies I've been involved with."


Read more at Reuters.com Business News

Dutch TMG to take stake in German ProSieben-report

(Reuters) - In a preview Thursday of an article to be published on
Friday, the newspaper did not say how big TMG's stake in
ProSieben would be.




In exchange for the stake, TMG would forsake a right of
last refusal clause, which entitles it to buy the rest of SBS
if the company's majority owners, private equity firms Permira
[PERM.UL] and Kohlberg Kravis Roberts, [KKR.UL] opt to sell.


Read more at Reuters.com Mergers News

REFILE-Four private equity firms eye ASE buyout- paper

(Reuters) - New potential buyers are Kohlberg Kravis Roberts , Blackstone, Texas Pacific Group and Goldman Sachs, the Commercial Times said, citing unnamed sources.

ASE, the world's biggest chip packaging and testing firm, said Carlyle's bid did not reflect its value. A company spokesman said it was not now in talks with other private equity firms.


Read more at Reuters.com Mergers News

Stocks set to rise on jobs data, M&A talk

(Reuters) - In addition, several takeover deals were in the works, including a newspaper report that Dow Chemical Co. may be the target of the biggest leveraged buyout ever.

A consortium of Middle Eastern investors and American buyout firms, including Kohlberg Kravis Roberts, is preparing a $50 billion approach for the chemical company, according to the British tabloid, the Sunday Express.


Read more at Reuters.com Hot Stocks News