The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
The private equity giant yesterday (3 July) filed a registration statement with the US Securities and Exchange Commission (SEC) outlining its intention to raise up to $1.25bn (£620m) through an IPO on the New York Stock Exchange (NYSE).
Simpson Thacher New York-based corporate partner Joseph Kaufman is advising KKR on the float, with Davis Polk co-head of global capital markets Richard Truesdell acting for the banks, Morgan Stanley and Citigroup.
Kaufman has a strong relationship with KKR, having recently advised the company when it listed its $5bn (£2.48bn) KKR Private Equity Investors fund on the Euronext exchange in Amsterdam.
According to KKR, it intends to use the net proceeds from the NYSE listing to "grow its business, make additional capital commitments to its funds and portfolio companies, and for general corporate purposes".
The company's owners, cousins Henry Kravis and George Roberts, will not sell any of their shareholding in the company and, according to KKR, will not receive any of the net proceeds from the IPO, which is expected to complete during the third or fourth quarter of this year.
This is the second IPO of a major private equity house Simpson Thacher has advised on in as many weeks. Corporate partner Josh Bonnie led a team acting on Blackstone Group's NYSE IPO, which raised a total of $4.13bn (£2.07bn) (www.thelawyer.com, 22 June).