We have one global team focused on capital markets. As our broker-dealer, KKR Capital Markets improves capital raising for portfolio companies.

Our Capital Markets Activities

KKR’s capital markets and principal activities segment combines the assets acquired from KKR & Co. (Guernsey) L.P. (formerly known as KKR Private Equity Investors, L.P.) with the capital markets business of KKR. KKR’s capital markets business supports the firm, its portfolio companies and clients by providing tailored capital markets advice and developing and implementing both traditional and non-traditional capital solutions for investments and companies seeking financing. Its activities consist primarily of capital markets advisory services, arranging debt and equity financing for transactions, placing and underwriting securities offerings and structuring new investment products. To allow it to carry out these activities, the firm has obtained broker-dealer licenses in the United States*, Canada, the United Kingdom**, Dubai, Australia and Japan*** and has received passporting authority to act as a broker-dealer broadly in the European Economic Area.

The assets that KKR has acquired from KKR & Co. (Guernsey) L.P. are expected to provide KKR with a significant source of capital to further grow and expand KKR’s business, increase its participation in its existing portfolio of businesses and further align KKR’s interests with those of its investors and other stakeholders. KKR believes that the resources of its capital markets business combined with the investment expertise of its investment professionals will provide an attractive means for growing and developing this asset base over time.

Private Equity

Aricent

Placement agent for $25mm of pre-IPO common equity

Alliance Boots

Placement agent for LBO equity co-invest

Dollar General

Placement agent for LBO equity co-invest

Energy Future Holdings (fka TXU)

Placement agent for LBO equity co-invest

First Data

Placement agent for LBO equity co-invest

Public Equity

Rockwood

Underwriter on $340mm Follow-On

Avago

Co-manager on $745mm IPO

KKR Financial

Underwriter on $408mm Follow-On

Sealy

Lead structuring agent for $177mm Convertible Rights Offering

Private Debt

Northgate

Placement agent for mezzanine financing

Oriental Brewery

Syndication agent / arranger of LBO financing

BMG

Arranger of financing on $200mm loan facility

Aricent

Sale of Flex PIK Note to CPP

Public Debt

Sealy

Underwriter on $350mm 1st Lien Bond Offering

SunGard

Underwriter on $500mm Senior Secured Term Loan and $500mm Senior Notes

Oncor

Underwriter on $1.5bn Senior Secured IG Notes

HCA

Underwriter on $310mm Senior Secured 2nd Lien notes

NXP

Debt buyback

Structured Products

Legg Mason

$625mm convertible

Refinancing & Restructuring

KKR Capital Markets leads an internal team at KKR focused on our refinancing & restructuring efforts. The objective of this team is to act in coordination with our Private Equity teams, Portfolio Management Committee (PMC), portfolio companies, banking partners and the investment community to strategically address refinancing & restructuring needs of portfolio companies. Highlights include activities at Sealy, Rockwood, Nielsen, SunGard, Toys R' Us, HCA, Kion, Alliance Boots, NXP, UN Ro-Ro, ATU and Visant.

For broker-dealer addresses go here.

* KKR Capital Markets LLC is broker-dealer registered with the U.S. Securities and Exchange Commission, a member of FINRA and a member of SIPC.

** KKR Capital Markets Limited is a UK broker-dealer authorised and regulated by the Financial Services Authority.

*** KKR Capital Markets Japan Limited is a Japanese broker-dealer Financial Services Authority of Japan.