Global buyout firms warn of tightening credit markets
Henry Kravis, co-founder of KKR, said that private equity deals are becoming more expensive as debt markets tighten and the cost of capital goes up.
Kravis, who will be speaking at the AVCJ Forum in Hong Kong in November, said that the cost of capital for KKR's buyout of Pfizer's Capsugel unit in April was 6.88%, but if the same deal were done today...
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