KKR, Bain preparing for fresh IPOs – WSJ

April 9 (BestGrowthStock) – U.S. private equity firms Kohlberg
Kravis Roberts & Co [KKR.UL] and Bain Capital are preparing for
initial public offerings of Toys “R” Us [TOY.UL] and NXP
SemiConductors [NXP.UL], the Wall Street Journal said, citing
people familiar with the deals.

Dutch semiconductor company NXP, which was spun off from
Philips Electronics (PHG.AS: ) in 2006, is planning to raise more
than $1 billion through an IPO, the Journal said, citing people
familiar with the situation.

KKR and Bain could partially cash out their stakes and
return money to investors, or use the proceeds to pay down the
sizable debt used to finance the takeovers, the Journal said.

The IPOs are expected to be priced in the coming months
provided stock markets remain stable, the paper said.

Private equity firms have been taking advantage of improved
stock market conditions to take investments public after a long
drought.

The two firms have also planned an initial public offering
of hospital chain HCA Inc that could be worth up to $4.5
billion, CNBC reported on Thursday. [ID:nN08202131]

Nashville, Tennessee-based HCA could file as soon as mid-May
and debut in mid-July, CNBC said.

The Journal also said discount retailer Dollar General Corp
(DG.N: ) is expected to announce a new stock offering as early as
next week, citing people familiar with the situation.

KKR and Bain were not reachable for a comment by Reuters
outside regular U.S. business hours.

Stock Market Today

(Reporting by Anuradha Ramanathan in Bangalore)

KKR, Bain preparing for fresh IPOs – WSJ