Baker Book Cover: New Financial Capitalists

The New Financial Capitalists

Kohlberg Kravis Roberts and the Creation of Corporate Value

Baker, George P. and Smith, George David

Based upon interviews with partners of Kohlberg Kravis Roberts and on unprecedented access to the firm's records, George Baker and George Smith have written a balanced and enlightening account of how KKR has approached leveraged buyouts. This book focuses on KKR's founding, evolution, and innovations as ways to understand issues in modern American business. In examining KKR as a unique form of enterprise one that subscribes to a set of alternative perspectives on business and value creation the book bridges the gap between public perception and academic knowledge of the leveraged buyout, a crucial phenomenon of modern economic life. (from the Cambridge University Press webSite US)

The book's entry in the Cambridge University Press Online Catalog.

Chapter Contents

  1. The Rebirth of Financial Capitalism
  2. Recasting the role of debt: creative leverage and buyout financing
  3. LBO governance and value creation
  4. When risk becomes real: managing buyouts in distress
  5. KKR as an institutional form: structure, function and character
  6. Into the Mainstream: KKR in the 1990s

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