Invest Intelligence When It Realy Matters
KKR Finds a Sheep Warehouse to Dump its Trash
I ran across an interesting announcement that bodes well for Fidelity and KKR. But I’m willing to bet it will be a bad deal for unsuspecting Fidelity investors.
Kolberg Kravis Roberts & Co. (KKR), a large well-known leveraged-buyout firm (which I consider a corporate raider) has announced that it plans to give Fidelity access to IPOs from its portfolio companies. In turn, Fidelity plans to provide IPO shares to its customers.