US Sues Equity Firm KKR & Co For Avoiding Antitrust Inquiry
Alleges that the company avoided scrutiny for 16 deals during 2021-2022;
By: : Linda John
Update: 2025-01-15 05:30 GMT
US Sues Equity Firm KKR & Co For Avoiding Antitrust Inquiry
Alleges that the company avoided scrutiny for 16 deals during 2021-2022
The United States has filed a civil lawsuit against private equity firm KKR & Co for repeatedly flouting the pre-merger antitrust review process.
Doha Mekki, the Department of Justice (DoJ) official stated, "Through document omissions, alterations, and failures to report deals, KKR threatened the integrity of the antitrust division's premerger reviews and, in some cases, obscured the market impact of its deals and serial acquisitions.”
However, in a related lawsuit against the DOJ in the federal court in Washington, KKR said, "After a sweeping investigation spanning nearly three years, with which KKR fully cooperated, the purported filing 'errors' the antitrust division has identified, are trivial. Not a single alleged 'error' was material to or interfered with any merger review.”