Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  KKR & Co. L.P.    KKR

News SummaryMost relevantAll newsSector newsTweets

KKR Confirms $3.74 Billion Deal to Buy Gardner Denver

share with twitter share with LinkedIn share with facebook
share via e-mail
03/08/2013 | 02:26am CEST

Gardner Denver Inc. (>> Gardner Denver, Inc.) and Kohlberg Kravis Roberts & Co. confirmed the industrial-pumps manufacturer has agreed to be acquired for roughly $3.74 billion.

The New York private-equity firm will pay $76 for each Gardner Denver share, a 2.9% premium to Thursday's close. Shares were recently trading 1.4% higher at $74.91 premarket. The stock has climbed 7.8% since the start of the year.

The deal values Gardner Denver at about $3.9 billion, including the assumption of debt.

KKR had bid $75 a share for the Wayne, Pa.-based company in February and increased the offer after Gardner Denver sought a higher price.

For KKR, the deal would mark the buyout firm's third purchase in the industrials space in the past few years. KKR agreed in April 2011 to acquire Capsugel, a unit of pharmaceutical giant Pfizer Inc. (>> Pfizer Inc.) that makes drugs in capsule form. Later that year, KKR agreed to acquire Capital Safety Inc., a large provider of safety products and equipment for construction and other workers.

KKR ended up being the only serious suitor for Gardner Denver in an up-and-down sales process that dragged on in recent months.

Gardner Denver, which employs about 6,400 people and posted sales of about $2.4 billion last year, pursued a deal with rival SPX Corp. (>> SPX Corporation) late last year after garnering interest from a number of private-equity firms. SPX offered $4 billion for the company but later dropped the bid amid negative reactions from shareholders.

Write to Melodie Warner at [email protected]

Order free Annual Report for Gardner Denver Inc.

Visit http://djnewswires.ar.wilink.com/?link=GDI or call 1-888-301-0513

Stocks mentioned in the article : Gardner Denver, Inc., SPX Corporation, Pfizer Inc.
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on KKR & CO. L.P.
10/17 OPTIV SECURITY : ’s New Comprehensive Approach Helps Enterprises Clarify a..
10/13 BHARTI INFRATEL : stock hits 52-wk high
10/12 KKR & CO. L.P. : to Announce Third Quarter 2017 Results
10/12 OPTIV SECURITY NAMED A STRONG PERFOR : Information Security Consulting Services,..
10/12 KKR L P : Announcement Regarding Commencement of the Tender Offer for the Shares..
10/11 KKR RELEASES "ASIA : Leaning In" by Henry H. McVey
10/11 KKR RELEASES “ASIA : Leaning In” by Henry H. McVey
10/10 KKR L P : Closes $1.1 Billion Real Estate Credit Opportunity Partners Fund
10/10 KKR L P : Iñaki Cobo Bachiller Joins KKR to Lead European Healthcare Franchise
10/10 KKR REAL ESTATE : Buying Complexity, Selling Simplicity Privcap's 2017 Real Esta..
More news
News from SeekingAlpha
10/17 WALL STREET BREAKFAST : Dow Earnings In Focus Amid Records
10/17 Toys 'R' Us explores Asian options
10/16 Bullish on P-E players, Goldman upgrades KKR
10/10 REPORT : KKR consortium pressing $11B bid for biggest global tower firm
09/26 Continued IPOs For The High-Yield BDC Sector
Financials ($)
Sales 2017 1 383 M
EBIT 2017 2 289 M
Net income 2017 -
Debt 2017 -
Yield 2017 3,37%
P/E ratio 2017 -
P/E ratio 2018 7,81
Capi. / Sales 2017 11,9x
Capi. / Sales 2018 12,0x
Capitalization 16 509 M
Chart KKR & CO. L.P.
Duration : Period :
KKR & Co. L.P. Technical Analysis Chart | KKR | US48248M1027 | 4-Traders
Technical analysis trends KKR & CO. L.P.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 23,5 $
Spread / Average Target 16%
EPS Revisions
Henry R. Kravis Co-Chairman & Co-Chief Executive Officer
George Rosenberg Roberts Co-Chairman & Co-Chief Executive Officer
Joseph Yong Bum Bae Co-President, Co-COO & Director
Scott Charles Nuttall Co-President, Co-COO & Director
William Joseph Janetschek Chief Financial Officer
Sector and Competitors
1st jan.Capitalization (M$)
KKR & CO. L.P.31.38%16 509
LEGAL & GENERAL7.55%20 757
STANDARD LIFE17.53%16 832
AMUNDI44.81%16 547