Pete Stavros is the global co-head of private equity at Kohlberg Kravis Roberts. He is notable for his participation in an employee-ownership program unveiled in 2011. Under the program, employees of companies owned by KKR will receive payouts when KKR sells. Stavros was also part of the launch of Ownership Works, a nonprofit that seeks to promote shared ownership of companies. [1]
A leveraged buyout (LBO) is one company's acquisition of another company using a significant amount of borrowed money (leverage) to meet the cost of acquisition. The assets of the company being acquired are often used as collateral for the loans, along with the assets of the acquiring company. The use of debt, which normally has a lower cost of capital than equity, serves to reduce the overall cost of financing the acquisition. This is done at the risk of magnified cash flow losses should the acquisition perform poorly after the buyout.
Private equity (PE) is capital stock in a private company that does not offer stock to the general public. In the field of finance, private equity is offered instead to specialized investment funds and limited partnerships that take an active role in the management and structuring of the companies. In casual usage, "private equity" can refer to these investment firms rather than the companies that they invest in.
KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American global investment company. As of December 31, 2023, the firm had completed private equity investments in portfolio companies with approximately $710 billion of total enterprise value. As of December 31, 2023, assets under management (AUM) and fee paying assets under management (FPAUM) were $553 billion and $446 billion, respectively.
Henry Roberts Kravis is an American businessman, investor, and philanthropist. He is a co-founder of KKR & Co. Inc.
PanAmSat Corporation was a satellite service provider headquartered in Greenwich, Connecticut, United States. Founded in 1984 by Reynold "Rene" Anselmo, it operated a fleet of communications satellites used by the entertainment industry, news agencies, internet service providers, government agencies, and telecommunication companies. Anselmo got the idea for PanAmSat from Norm Leventhal, a communications lawyer in Washington, D.C., to whom he had turned to for advice regarding difficulties he was encountering in getting reasonably priced satellite transmission for his Spanish International Network (SIN), the current-day Univision. Anselmo financed the entire project himself and Leventhal's law firm, hiring Martin Rothblatt for special satellite technical advice, filed for approval from the Federal Communications Commission (FCC) and lining up an initial satellite from RCA Astro-Electronics and a heavily discounted launch from Arianespace.
Seiyu KK, or Seiyu Group, is a Japanese group of supermarkets, shopping centers and department stores, headquartered in Akabane (赤羽), Kita, Tokyo. On May 8, 2023, the Akabane headquarters office was relocated due to the redevelopment of Seiyu's Akabane store site. The current head office location is Kichijoji Honmachi, Musashino City, Tokyo.
America's Best Contacts & Eyeglasses is a discount provider of eye examinations, eyeglasses and contact lenses, with over 1000 retail locations in the United States as of May 31, 2024. The millennial store is located in Philadelphia, PA, which happened to be one of National Vision's first markets in their early days over 40 years ago. From 2005 to 2014, America's Best was a division of National Vision, a privately held portfolio company owned by Berkshire Partners. In 2014, National Vision, Inc, was sold to KKR.
Visma (acronym for Visual management) is a privately held company headquartered in Oslo, Norway, that provides cloud accounting, payroll, invoicing, and HR business software products. The majority of the company is owned by HgCapital, a private equity firm.
Suez North America is an American water service company headquartered in Paramus, New Jersey. It owns and operates 16 water and waste water utilities, and operates 90 municipal water and waste water systems through public-private partnerships and contract agreements. The company has over 2,300 employees, and in 2013, United Water generated $764 million in revenue, and managed $3.2 billion in total assets. The original business was founded as Hackensack Water Company in 1869 and later named United Water. It became a subsidiary of Suez Environnement, a French-based utility company, in 2000, and changed its name to reflect that of its parent company in 2015.
ProSiebenSat.1 Media SE is a German mass media and digital company that is based in Unterföhring, Munich. It operates in three segments: Entertainment, Dating and Commerce & Ventures. The company is listed on the Frankfurt Stock Exchange.
Axel Springer SE is a German multinational mass and online media company, based in Berlin, Germany. The company offers printing and publishing of advertisements, digital classifieds portfolio, marketing models and related services. Axel Springer's operations are segmented into News Media, Classifieds Media, and Marketing Media. The company is organized as a societas Europaea (SE) publishing house and is one of the largest mass media publishers in the European Union, with numerous multimedia news brands, such as Bild, Die Welt, Fakt, and the US political news site Politico, which Axel Springer acquired in 2021.
Wella AG is a company specializing in hair care, styling, colorants, and other beauty products, and was founded in 1880 in Germany by Franz Ströher. Its headquartered in Darmstadt, Germany. The company was controlled by Procter & Gamble from 2003 until it was sold to Coty in 2015 along with some 40 other P&G brands. On December 1, 2020, Coty completed the sale of the Wella, Clairol, OPI and ghd brands stake to American private equity firm KKR for $2.5bn in cash whilst retaining 40% stake in the standalone company.
Verint Systems Inc. is a Melville, New York–based technology company that sells products and services for customer experience (CX) automation. The company offers an open platform, applications, and bots that incorporate artificial intelligence (AI), advanced analytics, large language models, and automated workflows to analyze business intelligence from customer interactions in the contact center, back office, branch, web sites, and mobile apps. This information is used by organizations to achieve a variety of business outcomes, such as increasing productivity and service quality without hiring additional workers, lowering costs, improving the customer experience, and enhancing products, services, and competitive differentiation.
Goldman Sachs Asset Management Private Equity is the private equity arm of Goldman Sachs, focused on leveraged buyout and growth capital investments globally. The group, which is based in New York City, was founded in 1986.
The history of private equity, venture capital, and the development of these asset classes has occurred through a series of boom-and-bust cycles since the middle of the 20th century. Within the broader private equity industry, two distinct sub-industries, leveraged buyouts and venture capital experienced growth along parallel, although interrelated tracks.
Private equity in the 1980s relates to one of the major periods in the history of private equity and venture capital. Within the broader private equity industry, two distinct sub-industries, leveraged buyouts and venture capital experienced growth along parallel although interrelated tracks.
Private equity in the 2000s represents one of the major growth periods in the history of private equity and venture capital. Within the broader private equity industry, two distinct sub-industries, leveraged buyouts and venture capital expanded along parallel and interrelated tracks.
Publicly traded private equity refers to an investment firm or investment vehicle, which makes investments conforming to one of the various private equity strategies, and is listed on a public stock exchange.
Ingersoll Rand Inc. is an American multinational company that provides flow creation and industrial products. The company was formed in February 2020 through the spinoff of the industrial segment of Ingersoll-Rand plc and its merger with Gardner Denver. Its products are sold under more than 40 brands across all major global markets.
FGS Global is a strategic advisory and communications consultancy formed in 2021 by the merger of Finsbury Glover Hering and Sard Verbinnen & Co. It is a subsidiary of British advertising and media conglomerate WPP plc.