Capital Allocators – Inside the Institutional Investment Industry SPECIAL ANNOUNCEMENT: Private Equity Deals Podcast
Sep 15, 2022
Pete Stavros, Co-Head of KKR’s U.S. private equity business, provides a behind-the-scenes look at transformative private equity deals. He delves into the strategic acquisition of C.H.I. Overhead Doors, highlighting competitive advantages and operational efficiencies. The discussion covers the evolution of KKR, the role of employee engagement in transitions, and the importance of equitable compensation in fostering motivation. Stavros also sheds light on the complexities of strategic bidding and the psychological factors influencing decision-making in private equity.
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KKR's Evolution
- Pete Stavros discusses KKR's history, highlighting its surprising family-centric culture despite the "barbarians at the gate" image.
- He describes KKR's expansion from a US private equity firm to a global player with diverse investments.
Transformation Focus
- KKR's US private equity strategy centers on transforming good companies into exceptional ones.
- They seek opportunities to significantly improve growth, margins, or strategic positioning.
KKR's Acquisition of CHI
- CHI Overhead Doors, previously owned by other private equity firms, became a target for KKR due to its potential for transformation.
- KKR preempted the acquisition process, demonstrating their strong conviction in the deal.