Muckety

Competition on a new level

By Muckety

July 5, 2007 at 4:41pm

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The long-standing rivalry between Henry Kravis and Stephen A. Schwarzman has reached the IPO front.

Kohlberg, Kravis, Roberts announced plans yesterday to go public, a path recently taken by Schwarzman’s Blackstone Group.

As with Blackstone, the KKR offering calls for the power to remain in the hands of the managing partners. Henry Kravis and George Roberts will retain 75% of the class A shares.

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