Will the Third Plan be the Charm for KKR?

Kohlberg Kravis Roberts announced that it will merge with its Amerstedam-listed KKR Private Equity Investors affiliate and that the combined company will trade on the Euronext Amsterdam exchange. KKR has the option to seek a listing on the NYSE within a year -- otherwise, it would be up to KPE to seek a listing on the NYSE. KPE investors will receive a 30% stake in the combined company, up from 21% in the original agreement, while KKR's executives will retain the remainder of the equity and 40% of the carried interest earned by the firm.