What a difference two years make. The conditions for Kohlberg Kravis Roberts’ listing on Euronext in Amsterdam last week could not be more different from those when the firm first publicly revealed its plans to float at the credit boom’s height in 2007. But the investment firm has finally crossed the finishing line, receiving a stock market ticker symbol, KKR.
The listing reflects how the firm has changed since it first made its name making large, leveraged buyouts. Most infamously, KKR agreed the $31bn RJR Nabisco deal in 1989 that spawned a book and film entitled Barbarians at the Gates.