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Profits surge at KKR's capital markets arm

Major bookrunning roles in UK and Europe push up earnings in the buyout firm's burgeoning European capital markets business

Kohlberg Kravis Roberts’ European in-house capital markets business saw pre-tax profits leap in 2013, after it secured major bookrunning roles on a number of deals in the UK and Europe.

KKR Capital Markets, which houses KKR's business advising portfolio companies and external clients on accessing the capital markets, saw pre-tax profits rise to £12.3 million in 2013, up from £4.7 million the previous year, according to regulatory filings.

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