11/5/2025, 10:42:02 am

Wall Street Plays Long Game as Deals Go Private

KKR & Co. arranged a debt sale for Karo Healthcare, with banks like Jefferies and Citi agreeing to low-fee revolving credit. In exchange, they received 40% of the underwriting fee from a deal lost to private lenders, reflecting efforts to maintain relationships and counter competition from private credit amid market volatility.