KKR, Perpetual

The reality is Perpetual and KKR’s deal died on December 9, when the Australian Taxation Office refused to grant it rollover ...
Perpetual has walked away from its $2.18bn break-up deal with KKR after rejecting the private equity giant’s last-ditch offer ...
Perpetual has ended KKR's courtship of its wealth management and corporate trust operations, blaming the massive tax bill the transaction would incur, saying there was no way of getting around it.