Kindercare owner close friend of Bush

[Caz]

http://www.davidicke.com/icke/temp/kindercare6.html

KINDERCARE OWNER IS VERY CLOSE FRIEND OF
GEORGE BUSH,

OWNER ALSO CONNECTED TO
HENRY KISSINGER AND THE ROCKEFELLERS

Kindercare is owned by a holding company called Kohlburg, Kravis, and
Roberts (KKR), of 9 West 57th Street, Suite 4200, New York NY 10019.
Telephone 212-750-8300.

It is America's largest provider of preschool educational and child-care
services. KinderCare Learning Centers Inc. owns and operates more than a
thousand facilities in 39 states and the United Kingdom. In 1997, the
company, which was founded in 1969 by Perry Mendel, a Montgomery, Alabama,
real estate developer, had net operating revenues of more than $563 million.
Also in 1997, Kolhberg, Kravis and Roberts acquired approximately 85 percent
of the company's stock.

After almost 30 years in Montgomery, KinderCare moved its corporate
headquarters to Portland, Oregon following the takeover, and David Johnson,
the CEO of Red Lion Inns, a KKR company based in Portland, became the new
CEO of KinderCare. They also replaced virtually the entire corporate staff.

Kohlburg, Kravis, and Roberts are a New York "investment firm" specializing
in leveraged buyouts, which are often hostile, dependent on junk bonds worth
more than the company being acquired, and therefore often resulting in the
dismemberment and/or bankruptcy of once-solvent companies.

KKR is Jerome Kohlburg Jr, Henry Kravis, and his cousin, George Roberts.

Its 1980s deals included RJR Nabisco ($25 billion), Beatrice Foods ($6
billion), Safeway ($5 billion), and Owens-Illinois ($4 billion). Dealing
continued in the 1990s with the Bank of New England, K-III Holdings
(consumer magazines), and TW Holdings (Denny's and Hardee's restaurants).
Other holdings include American Re-Insurance, Duracell, First Interstate,
Fred Meyer, Stop & Shop, Union Texas Petroleum, and Walter Industries
(Hoover's Handbook of American Business 1993, p. 360). It has also acquired
the publishing and media operation, PRIMEDIA (including magazines like New
Woman and Seventeen), diversified manufacturer Borden, online mortgage
lender Nexstar, Regal Cinemas which have more than 4,100 screens at about
430 theaters in more than 30 states, and the "in-schools" TV network ,
Channel One (see related article).

Foreign subsidiaries picked up in the takeovers have included Del Monte
Malaysia, Del Monte International in Panama and Bandegua (Guatemala), the
Philippine Packing Corp., Associated Biscuits Malaysia, and RJ Reynolds
Tobacco in Malaysia
http://www.kindercare.com/

[Blace_01]

Sounds good. But, I am wondering what is significant about Kindergarten owner's relation with Bush?
Phoenix pre-k

[Caz]