KKR and Loop Capital Markets, a black owned and led investment bank, brokerage and advisory firm today announced a strategic alliance under which Loop Capital could independently offer investment banking and equity research capabilities to KKR’s equity capital markets (ECM) clients, which include private companies and private equity sponsors.
The ability for Loop Capital to offer its services to KKR equity capital markets clients will bolster KKR’s capacity to serve as a full-service underwriter for initial public offerings (IPOs) for both KKR portfolio companies and non-KKR affiliated companies. The strategic alliance will also broaden KKR’s distribution base for ECM transactions by providing the firm with access to Loop Capital’s complementary base of institutional investors.
KKR has worked with Loop Capital on ECM transactions since 2011 when Loop Capital was part of the underwriting syndicate for the IPO of Nielsen, a former KKR portfolio company. Since then Loop Capital has served as an underwriter on 15 KKR capital markets transactions, including IPOs and follow-on offerings for Fiserv, Academy Sports & Outdoors and KKR Acquisition Holdings I.
Read more: Business Wire
