Sealy shareholder rips buyout owner KKR

March 12, 2012  by in UnCategorized   

By Aggregated Content in on March 13, 2012 from http://c.moreover.com/click/here.pl?z6088436005&z=1250249027 _ Henry Kravis KKR & Co. stuffed its Sealy Mattress company with too much debt, contributing to the manufacturers loss of 90 percent of its value, the second-largest shareholder in the bedding maker claims. Distressed investor H Partners, in a letter to Sealys corporate governance committee, also claims KKR, which owns 45 percent of Sealy, paid itself $900,000 for a CEO search and made strategic errors in management. Dean Nelson, head of KKRs consulting unit, comes under fire in the letter for having excessive influence on the Sealy board. H Partners, a $1 billion fund manager best known for

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