KKR & Co. LP, the leveraged buyout firm run by Henry Kravis and George Roberts, delayed plans to go public as the credit crisis worsened as Bloomberg reports.
KKR, which planned to go public by taking over the Amsterdam-listed buyout fund it created in 2006, won’t complete the transaction until next year at the earliest, KKR Private Equity Investors LP said in a Business Wire statement today. KKR had planned to convert to a public company by the end of 2008.
“The parties remain committed to completing the transaction, but do not at this point expect the transaction to close until 2009,” the company says.
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