Welcome to the new Independent website. We hope you enjoy it and we value your feedback. Please contact us here.

Business News

KKR outlines plans for $7.5bn New York IPO

Kolhberg Kravis Roberts, the US private equity giant, has filed IPO plans in New York. KKR, which owns the high-street pharmacy group Alliance Boots, will list with a market capitalisation of about $7.5bn.

The firm is set to sell about 30 per cent of its equity. In results last month, KKR recorded a net income of $1.95bn in 2009 after writing up the value of a number of assets, including HCA, a US hospital group. It had $52.2bn assets under management of last year.