KKR, Bain Prepping Toys 'R' Us, HCA IPOs

Private-equity giants KKR and Bain Capital are preparing initial public offerings for three of their larger holdings -- retailer Toys 'R' Us, hospital chain HCA and chip company NXP Semiconductors, a report says.
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NEW YORK (

TheStreet

) -- Private-equity giants KKR and Bain Capital are preparing initial public offerings for three of their larger holdings -- retailer

Toys "R" Us

, hospital chain

HCA

and chip company

NXP Semiconductors

, the

Wall Street Journal

reports.

Toys "R" Us was acquired by KKR, Bain Capital partners and Vornado Realty Trust in 2005 for $6.6 billion.

HCA, acquired by KKR and Bain in 2006 for $21.3 billion, could raise more than $3 billion in an IPO, which would make it the biggest U.S. offering in more than two years.

Dutch semiconductor company NXP, which was acquired by KKR, Bain and several other firms from

Royal Philips Electronics

in 2006, also is planning to raise more than $1 billion through an IPO, people familiar with the situation told the newspaper.

Spokesmen for the private-equity groups declined to comment for the

Journal

.

KKR and Bain could cash out their stakes and return money to investors, the

Journal

says. They also could use the proceeds to offload sizable debt used to finance the takeovers.

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