(Reuters) - Such were the sentiments of four private equity executives
at major buyout firms interviewed by Reuters on Friday, a day
after two powerful U.S. senators introduced a bill that would
tax publicly traded private equity firms at a much higher rate
than they pay now.
That was enough to have some of the biggest private equity
firms immediately reconsider plans for public offerings. Apollo
Management, Kohlberg Kravis Roberts & Co. and TPG Capital have
all pulled back from plans for public offerings because of the
tax bill, according to two bankers familiar with their efforts
who spoke to Reuters on Friday on the condition they not be
named. The firms declined to comment.
Read more at Reuters.com Mergers News
at major buyout firms interviewed by Reuters on Friday, a day
after two powerful U.S. senators introduced a bill that would
tax publicly traded private equity firms at a much higher rate
than they pay now.
That was enough to have some of the biggest private equity
firms immediately reconsider plans for public offerings. Apollo
Management, Kohlberg Kravis Roberts & Co. and TPG Capital have
all pulled back from plans for public offerings because of the
tax bill, according to two bankers familiar with their efforts
who spoke to Reuters on Friday on the condition they not be
named. The firms declined to comment.
Read more at Reuters.com Mergers News
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