Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

KKR & CO. L.P. (KKR)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

KKR Submits Gardner Denver Bid

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/22/2013 | 06:16am CEST

KKR & Co. (>> KKR & Co. L.P.) on Thursday bid about $3.7 billion for industrial pumps manufacturer Gardner Denver Inc. (>> Gardner Denver, Inc.), according to a person familiar with the matter, capping a hot-and-cold sales process that looked more promising for the company a year ago.

The private-equity firm appeared to be the only suitor lobbing in a bid ahead of a Thursday deadline for offers. Other firms, including TPG, Onex Corp. and CCMP Capitol Advisors showed some interest in Gardner Denver, but they proved less interested than KKR, people familiar with the matter have said.

At $75 per share, KKR's bid is a roughly 11% premium to Thursday's closing price of $67.47.

A Gardner Denver spokesman declined to comment.

Several buyout firms put in offers for Gardner Denver late last year, but the company set them aside to negotiate a deal with rival SPX Corp. (>> SPX Corporation), which was offering closer to $4 billion for the company, other people familiar with the matter said. SPX dropped its bid amid negative reaction from shareholders, after which Gardner Denver restarted talks with buyout firms, those people said.

Gardner Denver is set to report earnings results on Friday. In the third quarter, the company's revenue fell 11% from the same period a year earlier to $548 million, and its profit declined 13% to $64 million.

Shares have been trading higher since last summer when the company announced it was considering a sale, though they dipped this week on news that interest in the company was waning.

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stocks mentioned in the article : KKR & Co. L.P., Gardner Denver, Inc., SPX Corporation
Stocks mentioned in the article
ChangeLast1st jan.
KKR & CO. L.P. 0.94% 22.5 Delayed Quote.6.84%
SPX CORP 0.49% 35.14 Delayed Quote.13.48%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on KKR & CO. L.P.
02:03pKKR L P : Franziska Kayser Named a Rising Star in European Private Equity
PU
05/22KKR L P : Cybersecurity Ventures Names Optiv Security One of the World’s H..
BU
05/21Data firm IHS Markit to buy Ipreo in $1.86 billion deal
RE
05/21IHS Markit Agrees to Buy Ipreo for $1.86 Billion
DJ
05/18KKR L P : Bernstein Strategic Decisions Conference 2018
PU
05/18KKR REAL ESTATE FINANCE TRUST INC. : Declares Quarterly Dividend of $0.43 Per Sh..
AQ
05/18CVC to buy Finnish healthcare group Mehilainen from KKR, Triton
RE
05/18KKR L P : Triton and KKR Sell Mehiläinen to CVC Capital Partners
BU
05/18Private equity firms bet on stock market's fixer-uppers
RE
05/18KKR REAL ESTATE FINANCE TRUST INC. : Reports First Quarter 2018 Results
AQ
More news
News from SeekingAlpha
05/24IHS Markit To Acquire Ipreo For $1.86 Billion And More Debt 
05/22Tracking Jeffrey Ubben's ValueAct Portfolio - Q1 2018 Update 
05/20Cash Flow Kingdom Income Stocks 
05/18REUTERS : HCA, KKR teaming on Envision buyout bid; EVHC +7.8% 
05/16Citi's Katz a believer in KKR's C-corp conversion; shares up 4% 
Financials ($)
Sales 2018 3 618 M
EBIT 2018 2 480 M
Net income 2018 -
Debt 2018 -
Yield 2018 2,67%
P/E ratio 2018 -
P/E ratio 2019 8,56
Capi. / Sales 2018 5,16x
Capi. / Sales 2019 4,40x
Capitalization 18 687 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
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 26,6 $
Spread / Average Target 18%
EPS Revisions
Managers
NameTitle
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.6.84%18 687
BLACKSTONE GROUP LP-2.28%38 336
T. ROWE PRICE GROUP16.21%29 391
LEGAL & GENERAL1.79%22 157
AMUNDI-3.18%16 043
STANDARD LIFE ABERDEEN-15.48%14 217