Dive into the archives.
- CASE STUDY 1: Boots (the pharmaceutical, health and beauty retailer)
The recent purchase of Boots (pharmaceutical, health and beauty retailer) by the private equity firm Kohlberg, Kravis and Roberts (KKR) was financed with £8 billion worth of debt, which allows KKR to deduct around £500 million in ‘interest expenses’ from the net income of Boots. Given that the taxable income for Boots in 2006 was [...]
- CASE STUDY 2: Tenovis
A coalition of private equity firms, including KKR took over German telecom company Tenovis in 2000. Within two years of purchasing the company, they laid off 3500 of the 8000 workers and forced many of the remaining workers to accept a 12.5% pay-cut in exchange for the ‘right’ to keep working. KKR bought the company [...]
