Henry Kravis, the co-founder of Kohlberg Kravis Roberts, has said the buyout giant is looking at opportunities in Latin America, a region that has already attracted the attention of many of its rivals but which the firm itself has yet to do a deal in.

Speaking at the Goldman Sachs Financial Services Conference in New York yesterday, Kravis said: "We are looking at Latin America where we have not done any deals. That will be our next stop at some point." He added that the firm as a whole was only in the first inning of a nine-inning game.