Hollick retired as CEO of United Business Media in April 2005 at the age of 60, and promptly became a managing partner at private equity firm Kohlberg Kravis Roberts, focussing on the media and financial services sectors. This led to speculation that KKR might launch a bid for ITV. In 2006 he was appointed to the supervisory board of media conglomerate VNU, after KKR and Blackstone Group won a difficult takeover battle. He is also vice-chairman of the supervisory board of SBS Broadcasting Group, taken over by KKR and Permira in August 2005, into which in 2007 was merged the German satellite broadcaster ProSiebenSat.1 Media. Hollick is also a director of Diageo PLC (since 2001), and Honeywell International (since 2003).