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KKR
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{{#badges: Climate change |CoalSwarm}} '''KKR & Co. L.P.''' (formerly Kohlberg Kravis Roberts) is a New York City-based private equity firm which is going public in a $1.25 billion initial public offering (IPO). The company has refurbished its hostile takeover image and is now seen as a kinder, gentler firm with a buy-and-build strategy. "The firm assembles funds from institutional and wealthy investors and profits from management fees and its direct interests. An active investor, it often supervises or installs new management and revamps strategy and corporate structure, selling underperforming units or adding new ones." In 2006, it had sales of $4.4 billion and profits of $1.1 billion.
<ref>[http://www.hoovers.com/kkr/--ID__40268--/free-co-factsheet.xhtml KKR Profile], ''Hoovers'', accessed September 2007.</ref>
==Tobacco involvement==
(Acquired [[RJR Nabisco]] in 1989): RJR Nabisco Holdings Corp. was organized by Kohlberg Kravis Roberts & Co. L.P. to effect the acquisition of RJR Nabisco Inc., which was completed in April 1989 (Value Line 5/20/94). See RJR Nabisco Holdings Corp., RJR Nabisco Inc., and TTLA Almanac - Names.
==Energy Involvement==
In February 2007, Teaxs energy company [[TXU]] announced its acquisition by an investor group led by private equity firms KKR and Texas Pacific Group (registered under TPG Capital LP).<ref>[http://www.txucorp.com/media/newsrel/detail.aspx?prid=1020 "TXU to Set New Direction As Private Company"], press release, February 26, 2007.</ref> In July 2007, TXU announced that its power generation and related businesses would now be assigned to the [[Luminant]] name.<ref>[http://www.luminant.com/news/newsrel/detail.aspx?prid=1083 "Luminant Name Adopted for TXU Corp.’s Power Generation and Related Businesses"], press release, July 10, 2007.</ref> Both TXU and Luminant would be owned by [[Energy Future Holdings]] (EFH), a Dallas-based, privately held energy company led by KKR and TPG Capital, as well as global investment bank [[Goldman Sachs]].<ref>[http://www.energyfutureholdings.com/about/owners/default.aspx "Energy Future Holdings Corp.: Our Owners"] Energy Future Holdings Corp., accessed July 2010.</ref>
==Political contributions==