KKR Reaches Settlement Over Private Equity Collusion

KKR & Co. L.P. (NYSE:KKR) has agreed to settle accusations that it violated antitrust laws by allegedly conspiring to rig bids, fix prices for target companies at artificially low levels, and divide up the market for private equity services for leveraged buyouts.

In its regulatory filing Thursday, KKR & Co. L.P. (NYSE:KKR) said the amount to be paid pursuant to the settlement is not expected to have material impact on its financial results.

Alleged collusion among PE funds

As reported earlier, there have been various allegations of impropriety and collusion among private equity funds. A shareholder...