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September 27, 2007
What a business!
For a rollicking good read, don't miss Jeff Matthews' post on KKR pulling out of the Harman International Industries deal last week:
Now, you might think that someone of Mr. Kravis’ stature in the Private Equity business would recognize a bad decision when he saw it, honor his commitments and move on.But no, the Journal reported: KKR not only wanted to break the Harman deal, but they apparently wanted help from the bankers in paying the termination fee.
Don't miss the entire post. Highly entertaining.
Posted by Tom at September 27, 2007 12:10 AM
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