Kohlberg Kravis Roberts, the private equity group, indicated yesterday that it was continuing with plans to float, despite severe losses last week in equity and debt markets and a warning that the credit crunch may lead to reduced returns for its own investments, The Times reports.
KKR also admitted yesterday, as part of amended regulatory filings ahead of its flotation, that it had received a demand for documents from the antitrust division of the US Department of Justice (DoJ).
The firm, which had said in June that it planned to raise $1.25 billion (620 million), has still not committed to a date for a float.
The documents requested form part of the department’s inquiry into whether private equity firms colluded over price in buyouts in the US.