Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Tuesday, March 13, 2007

KKR Announces Buyout of Dollar General

The buyout firm KKR announced that it would take the discount stores chain, Dollar General, private in a $6.9 billion deal.  Shareholders will receive $22 per share.  There have been rumors for months that Dollar General would be taken private, as it has closed numerous stores to cut profits.  See NY Times, Buyout Firm Is Acquiring Dollar General Retail Chain .  The WSJ explains that Wall St. views retailers as cash cows, not growth businesses, and appeal more to private equity firms than to public investors.  See WSJ, KKR Spots Cash in Dollar General's Till.

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Kohlberg Kravits Roberts & Co (KKR) is using its relationships from former successful deals to drive its current deal-flow. The most recent example of this is the acquisition of Dollar General.

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Posted by: Carter P | Mar 13, 2007 12:19:29 PM

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