Skip to main content Accessibility help
×
  1. Home
  2. Books
  3. The New Financial Capitalists
  • Cited by 79
      • Show more authors
      • You may already have access via personal or institutional login
    • Select format
    • Publisher:
      Cambridge University Press
      Publication date:
      05 August 2012
      13 October 1998
      ISBN:
      9780511581687
      9780521642606
      DOI:
      https://doi.org/10.1017/CBO9780511581687
      Dimensions:
      (228 x 152 mm)
      Weight & Pages:
      0.49kg, 272 Pages
      Dimensions:
      Weight & Pages:
      • Subjects:
      History, Management: General Interest, Management, Twentieth Century American History
    You may already have access via personal or institutional login
    • Selected: Digital
    Add to cart View cart Buy from Cambridge.org
    Subjects:
    History, Management: General Interest, Management, Twentieth Century American History
    Information

    Book description

    Kohlberg Kravis Roberts's approach to leveraged buyouts was an important aspect of the corporate restructuring and governance reforms in the American economy from the mid-1970s through 1990. During that period, KKR crafted a series of progressively more elaborate deals tailored to specific companies and market conditions. Through its creative debt financing and its relationships with an evolving cast of investors, companies, and managers, KKR drove the scale and scope of the buyout phenomenon to unprecedented highs. This book, first published in 1999, examines KKR's record in detail. Based upon interviews with partners of the firm and on unprecedented access to KKR's records, George Baker and George Smith have written a balanced and enlightening account of how KKR has approached LBOs. The book focuses on KKR's founding, evolution, and innovations as ways to understand issues in modern American business. In examining KKR as a unique form of enterprise, the book bridges the gap between public perception and academic knowledge of the leveraged buyout.

    Reviews

    ‘ … laudatory study of [KKR] by two business-school professors, one an economist by training the other an historian. From its formation in 1976, the firm of Jerome Kohlberg, Henry Kravis and George Roberts grew to control 59 billion dollars of assets in 35 companies in 1989. (At the same time in American, only GM, Ford, Exxon and IBM were bigger.) In getting there, KKR pioneered a new approach to management that was to revolutionise the American economy.’

    Source: The Economist

    'Baker and Smith's work is remarkable well documented, provides a clear explanation of the successes and failures of KKR, and successfully sweats its mythically enormous profits down to size, in proportion to the high risk involved.'

    Source: Contemporary European History

    Refine List

    Actions for selected content:

    Select all | Deselect all
    • View selected items
    • Export citations
    • Download PDF (zip)
    • Save to Kindle
    • Save to Dropbox
    • Save to Google Drive

    Save Search

    You can save your searches here and later view and run them again in "My saved searches".

    Please provide a title, maximum of 40 characters.
    Cancel
    ×

    Contents

    Contents

    Metrics

    Altmetric attention score

    Full text views

    Total number of HTML views: 0
    Total number of PDF views: 0 *
    Loading metrics...

    Book summary page views

    Total views: 0 *
    Loading metrics...

    * Views captured on Cambridge Core between #date#. This data will be updated every 24 hours.

    Usage data cannot currently be displayed.

    Accessibility standard: Unknown

    Why this information is here

    This section outlines the accessibility features of this content - including support for screen readers, full keyboard navigation and high-contrast display options. This may not be relevant for you.

    Accessibility Information

    Accessibility compliance for the PDF of this book is currently unknown and may be updated in the future.