KKR to list majority-owned Australian pub group seeking $271m Photo: Reuters May 3, 2021 Private-equity firm KKR is seeking to raise A$352 million ($271.36 million) in the initial public offering of its majority-owned pub group Australia Venue Co. (AVC), according to a memo seen by Reuters. The raising will be in exchange for a minority stake in one of Australia’s largest pub companies, in a deal valuing the group at A$903 million, according to the document sent to investors on Monday. Representatives for KKR and Australia Venue declined to comment. KKR’s current 80% ownership will be significantly diluted as the firm does not intend to sell any shares, a source with knowledge of the deal added, declining to be identified as the person could not speak publicly.