KKR, Bain Prepping Toys 'R' Us, HCA IPOs
NEW YORK (
) -- 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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