KKR et al selling out of NXP

Henry R Kravis - KKR

Henry R Kravis – KKR

The private equity firms which bought NXP in 2006 are selling more of the shares.

KKR, AlpInvest, Apax Partners, Bain Capital, and Silver Lake are selling another 25 million shares representing 9.7% of the outstanding shares through a secondary offering.

The private equity firms previously sold two tranches of 25 million shares each in September and March, and sold 30 million shares in February.

After the latest sale, the firms and their affiliates will collectively be left with a 14.8% stake in NXP.

When the private equity companies bought NXP they loaded it up with $6 billion of debt of which $3.7 billion still sits on the NXP balance sheet.

Image: Henry R. Kravis, Co-Chairman and Co-CEO, KKR

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1 Comment

  1. vent
    December 16, 2013 13:06

    curretn share price 42.5 USD 45 million shares sold equals 1.9Billion$
    the 14.8% represents at current price 1.62B$
    with the leveraged buy out . how much money was made by KKR loading the NXP with debt