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Private equity pioneer Jerome Kohlberg dies
Source: Reuters
US | Sat Aug 1, 2015 2:43pm EDT
Private equity pioneer Jerome Kohlberg dies
WASHINGTON
Jerome Kohlberg Jr., a founder of investment firm Kohlberg Kravis Roberts & Co and a pioneer of the leveraged buyout, died on Thursday at his home in Martha's Vineyard, Massachusetts, aged 90.
Kohlberg's death was confirmed by his former partners at KKR on Saturday. His son James said the cause of death was cancer.
Kohlberg began working at investment bank Bear Stearns & Co in 1955, where he mentored younger colleagues Henry Kravis and George Roberts. The three formed their own firm, KKR, in 1976.
It is best known for taking over tobacco and food conglomerate RJR Nabisco, chronicled in the book "Barbarians at the Gate: the Fall of RJR Nabisco", a deal that heralded an industry of large, often hostile, corporate takeovers.
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Private equity pioneer Jerome Kohlberg dies
WASHINGTON
Jerome Kohlberg Jr., a founder of investment firm Kohlberg Kravis Roberts & Co and a pioneer of the leveraged buyout, died on Thursday at his home in Martha's Vineyard, Massachusetts, aged 90.
Kohlberg's death was confirmed by his former partners at KKR on Saturday. His son James said the cause of death was cancer.
Kohlberg began working at investment bank Bear Stearns & Co in 1955, where he mentored younger colleagues Henry Kravis and George Roberts. The three formed their own firm, KKR, in 1976.
It is best known for taking over tobacco and food conglomerate RJR Nabisco, chronicled in the book "Barbarians at the Gate: the Fall of RJR Nabisco", a deal that heralded an industry of large, often hostile, corporate takeovers.
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Read more: http://www.reuters.com/article/2015/08/01/us-people-kohlberg-idUSKCN0Q637E20150801
