Davis Polk advised the joint book-running managers on an SEC-registered offering by KKR & Co. L.P. of 13,800,000 6.75% Series A preferred units, which includes the full exercise of the over-allotment option. The total proceeds of the offering were approximately $334.3 million.

KKR is a leading global investment firm with offices around the world. KKR manages assets through a variety of investment funds and accounts covering multiple asset classes and has completed more than 260 private equity investments with a total transaction value in excess of $515 billion.

The Davis Polk corporate team included partners Richard D. Truesdell Jr., Mark M. Mendez and Byron B. Rooney and associates Mark J. DiFiore, Donald Shum, Mo Zhou and Jennifer Zhe Lin. Partner Michael Mollerus and associate David E. Mannion provided tax advice. All members of the Davis Polk team are based in the New York office.

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