Articles from KKR
KKR Appoints Guy Metcalfe as Senior Advisor for Global Real Estate
KKR, a leading global investment firm, today announced the appointment of Guy Metcalfe as Senior Advisor. In his role, Mr. Metcalfe will leverage his extensive real estate and capital markets expertise and relationship network around the world to support KKR’s global real estate investment activity, platform growth and other strategic initiatives.
By KKR · Via Business Wire · January 27, 2025
KKR Extends Second Tender Offer for FUJI SOFT to Early February
KKR, a leading global investment firm, announced today that in connection with the Second Tender Offer in its two-stage tender offer scheme (the “Tender Offer”) for the common shares and share options of FUJI SOFT INCORPORATED (“FUJI SOFT” or the “Company”; TSE stock code 9749) through FK Co., Ltd. (the “Offeror” or “FK Co.”), an entity owned by investment funds managed by KKR, the Offeror has submitted an amendment statement to the Tender Offer Registration Statement that was submitted on November 20, 2024 (including the matters amended in the amendment statements to the Tender Offer Registration Statement submitted on December 19, 2024 and January 9, 2025) (the “Amendment Statement”).
By KKR · Via Business Wire · January 24, 2025
KKR and PSP Investments Acquire Minority Stake in Two American Electric Power Transmission Companies
Today, investment funds managed by KKR, a leading global investment firm, and the Public Sector Pension Investment Board (“PSP Investments”), one of Canada’s largest pension investors, announced an agreement to acquire a 19.9% interest in American Electric Power’s (“AEP”) Ohio and Indiana & Michigan transmission companies for $2.82 billion. Founded in 1906 and one of the largest electric utilities in the U.S., AEP has pioneered the country’s energy system through the delivery of safe, reliable and affordable energy for millions of homes. The investment will support AEP’s ability to meet increasing customer demand and enhance grid reliability. KKR and PSP Investments have formed a 50/50 strategic partnership to pursue the acquisition.
By KKR · Via Business Wire · January 9, 2025
KKR Further Extends Second Tender Offer for FUJI SOFT
KKR, a leading global investment firm, announced today that in connection with the Second Tender Offer in its two-stage tender offer scheme (the “Tender Offer”) for the common shares and share options of FUJI SOFT INCORPORATED (“FUJI SOFT” or the “Company”; TSE stock code 9749) through FK Co., Ltd. (the “Offeror” or “FK Co.”), an entity owned by investment funds managed by KKR, the Offeror has submitted an amendment statement to the Tender Offer Registration Statement that was submitted on November 20, 2024 (including the matters amended in the amendment statement to the Tender Offer Registration Statement submitted on December 19, 2024) (the “Amendment Statement”).
By KKR · Via Business Wire · January 9, 2025
KKR Extends Second Tender Offer for FUJI SOFT
KKR, a leading global investment firm, announced today that in connection with the Second Tender Offer in its two-stage tender offer scheme (the “Tender Offer”) for the common shares and share options of FUJI SOFT INCORPORATED (“FUJI SOFT” or the “Company”; TSE stock code 9749) through FK Co., Ltd. (the “Offeror”), an entity owned by investment funds managed by KKR, the Offeror has submitted an amendment statement (“Amendment Statement”) to the Tender Offer Registration Statement that was submitted on November 20, 2024.
By KKR · Via Business Wire · December 19, 2024
KKR Releases 2025 Global Macro Outlook
KKR, a leading global investment firm, today released its 2025 Global Macro Outlook by Henry McVey, CIO of KKR’s Balance Sheet and Head of Global Macro and Asset Allocation (GMAA).
By KKR · Via Business Wire · December 19, 2024
KKR Invests in Leading Internet Restaurant Company Rebel Foods
Rebel Foods, a leading internet restaurant company, and global investment firm KKR today announced the completion of an investment in Rebel Foods by affiliates of KKR. Through this transaction, KKR will support the Company’s growth, including its expansion in India and the Middle East and adding more food and beverage brands into its portfolio.
By KKR · Via Business Wire · December 19, 2024
KKR Announces Intra-Quarter Monetization Activity Update for the Fourth Quarter
KKR today announced a monetization activity update for the period from October 1, 2024 to December 17, 2024. Based on information available to us as of today, with respect to the period through December 17, 2024, KKR’s Asset Management segment has earned total realized performance income, including realized carried interest and realized incentive fees, and total realized investment income in excess of $725 million. Realized carried interest drove over half of our monetization activity quarter-to-date. The quarter-to-date monetization activity is driven by a combination of secondary sales and strategic transactions that have closed quarter-to-date, dividends and interest income, as well as incentive fees from Marshall Wace.
By KKR · Via Business Wire · December 17, 2024
KKR Announces New Managing Directors
KKR today announced a newly promoted group of 41 Managing Directors, effective January 1, 2025.
By KKR · Via Business Wire · December 4, 2024
Weave Living and KKR Establish Strategic Partnership to Invest in Multi-family Assets in Japan
Weave Living, Asia-Pacific’s pre-eminent living sector specialist, and KKR, a leading global investment firm, today announced the establishment of a strategic partnership (“Weave Living Japan Residential Venture I”) in Japan. This collaborative effort is an active management-led multi-family residential program that aims to build a portfolio of over 3,000 residential units in Japan, investing in both newly built assets and existing assets with an initial focus on Tokyo and the potential of expanding to Osaka.
By KKR · Via Business Wire · November 27, 2024
Lighthouse Announces $370 Million Series C Investment Led by KKR to Accelerate Platform Innovation and Growth
Lighthouse, the leading commercial intelligence platform for the travel & hospitality industry, today announced an approximately $370 million growth investment led by global investment firm, KKR. This investment accelerates Lighthouse's mission to reimagine commercial strategy for the $15 billion travel & hospitality technology market. Proceeds from the investment will be used to drive continued product innovation across Lighthouse's platform, strategic acquisitions, and global expansion efforts.
By KKR · Via Business Wire · November 21, 2024
KKR Commences Second Tender Offer for FUJI SOFT
KKR, a leading global investment firm, today announced that in connection with its two-stage tender offer scheme (the “Tender Offer”) for the common shares and share options of FUJI SOFT INCORPORATED (“FUJI SOFT” or the “Company”; TSE stock code 9749) through FK Co., Ltd. (the “Offeror”), an entity owned by investment funds managed by KKR, it has commenced its second tender offer (“Second Tender Offer”) on November 20, 2024, which will run until December 19, 2024.
By KKR · Via Business Wire · November 20, 2024
KKR Receives Support and Recommendation from FUJI SOFT for Second Tender Offer and Expects to Launch Tender Offer Next Week
KKR, a leading global investment firm, today announced that in connection with its two-stage tender offer scheme (the “Tender Offer”) for the common shares and share options of FUJI SOFT INCORPORATED (TSE stock code 9749; “FUJI SOFT”) through FK Co., Ltd. (the “Offeror”), the Offeror, an entity owned by investment funds managed by KKR, will conduct the Second Tender Offer at a price of 9,451 yen per common share. KKR expects to commence the Second Tender Offer as soon as the middle of next week.
By KKR · Via Business Wire · November 15, 2024
KKR Acquires Over a Third of FUJI SOFT With Completion of First Stage of Tender Offer
KKR, a leading global investment firm, today announced that in connection with its two-stage tender offer scheme (the “Tender Offer”) for the common shares and share options of FUJI SOFT INCORPORATED (TSE stock code 9749; “FUJI SOFT”) through FK Co., Ltd. (the “Offeror”), the Offeror, an entity owned by investment funds managed by KKR, completed the first of the two planned tender offers (“First Tender Offer”) on November 5.
By KKR · Via Business Wire · November 7, 2024
KKR and Energy Capital Partners Announce $50 Billion Strategic Partnership to Support AI Growth Through Investments in Data Centers and Power Generation
KKR, a leading global investment firm, and Energy Capital Partners (“ECP”), the largest private owner of power generation and renewables in the U.S., today announced a $50 billion strategic partnership. The collaboration aims to accelerate the development of data center and power generation and transmission infrastructure for the rapid expansion of artificial intelligence (AI) and cloud computing globally. This strategic partnership combines KKR’s deep expertise in digital infrastructure, power, and the energy value chain with ECP’s premier energy transition platform in electrification and power and renewable generation.
By KKR · Via Business Wire · October 30, 2024
KKR Acquires Leading Near-Airport Parking Provider, The Parking Spot, from Green Courte Partners
KKR, a leading global investment firm, today announced that KKR has acquired The Parking Spot (“TPS” or the “Company”), the nation’s leading owner and operator of near-airport parking properties, from an affiliate of Green Courte Partners, LLC, a private equity real estate investment firm. Financial terms of the transaction were not disclosed.
By KKR · Via Business Wire · October 8, 2024
KKR to Sell GeoStabilization International to Leonard Green & Partners
KKR today announced an agreement to sell GeoStabilization International (“GSI” or the “Company”) to Leonard Green & Partners, L.P. (“LGP”). GSI is a leading provider of geohazard mitigation solutions and roadway safety services. The sale delivers a return of five times the equity invested by KKR, and all GSI employees will receive substantial cash payouts on their ownership stakes in the Company.
By KKR · Via Business Wire · September 26, 2024
Consortium of KKR and the Skip Essential Infrastructure Fund to acquire Majority Stake in Queensland Airports
KKR, a leading global investment firm, and the Skip Essential Infrastructure Fund, today announced the signing of definitive agreements under which a consortium of KKR (on behalf of funds managed by it) and the Skip Essential Infrastructure Fund (the ‘Consortium’) will acquire a 74.25% stake in Queensland Airports Limited (‘Queensland Airports’) from The Infrastructure Fund, managed by Macquarie Asset Management, State Super, and Australian Retirement Trust.
By KKR · Via Business Wire · September 25, 2024
KKR Releases “An Alternative Perspective: Past, Present, and Future”
KKR, a leading global investment firm, today released “An Alternative Perspective: Past, Present, and Future,” a new Insights piece by Henry McVey, CIO of KKR’s Balance Sheet and Head of Global Macro and Asset Allocation (GMAA).
By KKR · Via Business Wire · September 25, 2024
KKR Announces Intra-Quarter Monetization Activity Update for the Third Quarter
KKR today announced income from monetization activity in excess of $535 million with respect to the period from July 1, 2024 through September 23, 2024 based on information available as of today.
By KKR · Via Business Wire · September 23, 2024
KKR Closes $4.6 Billion Ascendant Fund
KKR, a leading global investment firm, today announced the final closing of KKR Ascendant Fund SCSP (“Ascendant” or the “Fund”), a $4.6 billion fund dedicated to investing in middle market businesses in North America. Launched in 2022 as part of KKR’s Americas Private Equity platform, Ascendant is the first KKR vehicle solely focused on opportunities in the middle market. The Fund will target established companies with strong growth potential across seven industry verticals: Consumer, Financial Services, Health Care, Industrials, Media, Software and Tech-Enabled Services. Ascendant is also the first middle-market private equity fund committed to supporting the implementation of employee ownership programs at every majority-owned company in which it invests.
By KKR · Via Business Wire · September 23, 2024
KKR Files Amended Tender Offer Statement for FUJI SOFT
KKR, a leading global investment firm, today announced that in connection with the tender offer (the “Tender Offer”) for the common shares and share options of FUJI SOFT INCORPORATED (TSE stock code 9749; “FUJI SOFT”) through FK Co., Ltd. (the “Offeror”), the Offeror, an entity owned by investment funds managed by KKR, submitted an amendment statement (the “Amendment Statement”) to the Tender Offer Registration Statement submitted by the Offeror on September 5 (including the matters amended in the amendment statement to the Tender Offer Registration Statement submitted on September 13; the same applies below).
By KKR · Via Business Wire · September 19, 2024
KKR Launches Tender Offer for FUJI SOFT
KKR, a leading global investment firm, announced today that it will launch its tender offer for the common shares and share options of FUJI SOFT INCORPORATED (“FUJI SOFT” or the “Company”; TSE stock code 9749) through FK Co., Ltd. (the “Offeror”), an entity owned by investment funds managed by KKR (the “Tender Offer”). The tender offer period will commence on September 5, 2024 and run until October 21, 2024 (tender offer price: JPY 8,800 per share). The Board of Directors of FUJI SOFT has resolved today again to express its opinion in support of the Tender Offer and to recommend the shareholders and share option holders of the Company tender their shares and options.
By KKR · Via Business Wire · September 4, 2024
KKR Completes Acquisition of Varsity Brands from Bain Capital and Charlesbank
Varsity Brands (the “Company”), a leader in team sports, athletics and spirit, and KKR, a leading global investment firm, today announced the completion of the acquisition of Varsity Brands by KKR from Bain Capital and Charlesbank. As the new majority owner of Varsity Brands, KKR will support the Company as it continues to grow its business.
By KKR · Via Business Wire · August 26, 2024
KKR Acquires Portfolio of Six Class A Industrial Warehouses Across the U.S.
KKR, a leading global investment firm, today announced that KKR has acquired a portfolio of six well-located, Class A industrial logistics properties in major U.S. Gateway and Sunbelt markets for approximately $377 million.
By KKR · Via Business Wire · August 19, 2024
KKR Announces Tender Offer to Acquire FUJI SOFT
KKR, a leading global investment firm, today announced that FK Co., Ltd. (the “Offeror”), an entity owned by investment funds managed by KKR, intends to make a tender offer to acquire all the outstanding shares of FUJI SOFT INCORPORATED (“FUJI SOFT” or the “Company”; TSE stock code 9749).
By KKR · Via Business Wire · August 8, 2024
Avantus Announces Completion of Acquisition by KKR and Closing of $522 Million Development Facility
Today, Avantus, a premier U.S. developer of utility-scale solar and solar-plus-storage projects, and KKR, a leading global investment firm, announced the completion of the acquisition of a majority equity interest in Avantus by investment funds and accounts managed by KKR. Coinciding with the close of the transaction, Avantus has secured a $522 million development facility arranged by KKR Capital Markets and Sumitomo Mitsui Banking Corporation (SMBC). The facility provides Avantus the financial backing to fuel the company’s growth and execute on its development portfolio, which now spans more than 30 gigawatts (GWdc) of solar and 94 GW hours (GWh) of energy storage across the Western United States.
By KKR · Via Business Wire · July 30, 2024
KKR Acquires Marmic Fire & Safety
KKR, a leading global investment firm, today announced that investment funds managed by KKR have acquired Marmic Fire & Safety (“Marmic” or the “Company”), a leading provider of regulation-mandated fire equipment inspection, testing and maintenance services, from HGGC. Financial terms were not disclosed.
By KKR · Via Business Wire · July 24, 2024
KKR to Acquire Janney Montgomery Scott from Penn Mutual
KKR, a leading global investment firm and The Penn Mutual Life Insurance Company (“Penn Mutual”) today announced the signing of a definitive agreement under which investment funds managed by KKR will acquire Janney Montgomery Scott LLC (“Janney” or the “Company”).
By KKR · Via Business Wire · July 23, 2024
Carlyle and KKR Strategic Partnerships Agree to Acquire Approximately $10.1 Billion Prime Student Loan Portfolio from Discover Financial Services
By KKR · Via Business Wire · July 17, 2024
KKR Acquires Park 8Ninety, a 12 Building Class A Industrial Logistics Park in Houston, from Artis REIT
KKR, a leading global investment firm, today announced that KKR has completed the acquisition of Park 8Ninety, a 12 building industrial logistics park in Houston, Texas, from Artis Real Estate Investment Trust (“Artis REIT”) for approximately $234 million.
By KKR · Via Business Wire · July 15, 2024
KKR Acquires Controlling Stake in Baby Memorial Hospital, a Multi-Specialty Hospital Network in India
KKR, a leading global investment firm, and Baby Memorial Hospital (‘BMH’), a leading regional multi-specialty hospital chain in India, today announced the signing of definitive agreements under which funds managed by KKR will acquire a controlling stake in BMH. KKR’s investment will support BMH’s efforts to address the growing need for quality, accessible healthcare services in India by advancing its efforts to build a leading pan-India network of hospitals, including through both organic and inorganic growth strategies.
By KKR · Via Business Wire · July 1, 2024
KKR and Teachers’ Venture Growth Lead US$140 Million Series E Round in Leading Japanese Cloud-Native Human Resources Software Platform SmartHR
KKR, a leading global investment firm, and Teachers’ Venture Growth (TVG), the late-stage venture and growth investment arm of Ontario Teachers’ Pension Plan, today announced the signing of definitive agreements under which KKR (on behalf of funds managed by it) and TVG will jointly lead a US$140 million (JPY 21.4 billion) Series E fundraise of SmartHR (the ‘Company’), a leading cloud-native human resources management platform in Japan, with participation from existing shareholders.
By KKR · Via Business Wire · June 30, 2024
KKR Acquires $2.1 Billion Multifamily Portfolio from Quarterra
KKR, a leading global investment firm, today announced that KKR has acquired a portfolio of 18 multifamily assets from a closed-ended fund sponsored by Quarterra Multifamily, a premier multifamily real estate development and operating company, for approximately $2.1 billion.
By KKR · Via Business Wire · June 25, 2024
KKR Announces Intra-Quarter Monetization Activity Update for the Second Quarter
KKR today announced a monetization activity update for the period from April 1, 2024 to June 20, 2024. Based on information available to us as of today, with respect to the period through June 20, 2024, KKR has earned total realized performance income, including realized incentive fees, and total realized investment income in excess of $500 million. This amount includes incentive fees that are expected to be realized at June 30, 2024. Our monetization activity quarter-to-date is made up of approximately 80% realized performance income and approximately 20% realized investment income. This activity is driven by a combination of secondary sales and strategic transactions that have closed quarter-to-date, as well as dividends and interest income.
By KKR · Via Business Wire · June 20, 2024
KKR Releases 2024 Mid-Year Global Macro Outlook
KKR, a leading global investment firm, today released its 2024 mid-year global macro outlook by Henry McVey, CIO of KKR’s Balance Sheet and Head of Global Macro and Asset Allocation (GMAA).
By KKR · Via Business Wire · June 18, 2024
ST Telemedia Global Data Centres Raises S$1.75 Billion from KKR-Led Consortium with Singtel
ST Telemedia Global Data Centres (‘STT GDC’ or the ‘Company’), a leading data centre colocation services provider, KKR, a leading global investment firm, and Singtel, Asia’s leading communications technology group, today jointly announced the signing of definitive agreements under which a KKR-led consortium of KKR (on behalf of funds managed by it) and Singtel (the ‘Consortium’) will invest S$1.75 billion (~US$1.3 billion) in STT GDC. This transaction marks the largest digital infrastructure investment in Southeast Asia to date in 2024.
By KKR · Via Business Wire · June 18, 2024
Quick Quack Announces Strategic Investment by KKR
KKR, a leading global investment firm and Quick Quack Car Wash (“Quick Quack” or the “Company”) today announced that investment funds managed by KKR have made a significant minority investment in the Company.
By KKR · Via Business Wire · June 11, 2024
KKR to Acquire Majority Ownership in Agiloft
KKR, a leading global investment firm, today announced that a fund managed by KKR has entered into an agreement to acquire a majority stake in Agiloft (“the Company”), a trusted global leader in data-first contract lifecycle management (“CLM”). As part of the transaction FTV Capital, a sector-focused growth equity firm and an existing investor in Agiloft, will make an additional investment in the Company, and JMI Equity, a growth equity firm focused on investing in leading software companies, will join as a new investor in the Company. The investment will help the Company continue to expand as it grows market share, acquires new customers, further innovates product solutions, and extends its world-class standard of customer success.
By KKR · Via Business Wire · May 30, 2024
KKR Invests in Leading Filipino Higher Education Group PHINMA Education
KKR, a leading global investment firm, and PHINMA Education Holdings, Inc. (‘PHINMA Education’ or the ‘Company’), a leading private higher education group and the education arm of Filipino conglomerate PHINMA Corporation, today announced the signing of definitive agreements under which funds managed by KKR will invest in PHINMA Education, with participation from existing shareholder Kaizenvest. PHINMA Corporation will remain the majority shareholder in PHINMA Education.
By KKR · Via Business Wire · May 21, 2024
KKR Invests in Healthcare Revenue Solutions Provider Infinx
KKR, a leading global investment firm, and Infinx Services Private Limited (“Infinx” or the 'Company'), an AI-driven healthcare revenue cycle solutions provider, today announced the acquisition of a significant minority stake in Infinx by a KKR-managed fund. Through this investment, KKR will leverage its extensive experience in the global healthcare and technology sectors to accelerate Infinx’s growth, expand the Company’s network, and support bolt-on acquisitions. Norwest Venture Partners, an existing shareholder, also participated in the transaction.
By KKR · Via Business Wire · May 21, 2024
KKR Provides $300 Million Corporate Credit Facility to Origis Energy
KKR, a leading global investment firm and Origis Energy (“Origis”), a leading renewable energy and decarbonization solution platform, today announced that vehicles and accounts managed by KKR’s insurance business have provided a $300 million corporate financing facility to Origis. Proceeds from the facility will support the continued development and construction of Origis’ pipeline of solar and storage projects.
By KKR · Via Business Wire · May 20, 2024
KKR Acquires Nashville Logistics Property
KKR, a leading global investment firm, today announced that KKR has acquired a two-building Class A logistics property in the Nashville Airport submarket. Terms of the transaction were not disclosed.
By KKR · Via Business Wire · May 13, 2024
KKR and Marriott International to Launch Midscale Hospitality Segment in Japan with Four Points Express by Sheraton
KKR, a leading global investment firm, and Marriott International, Inc. (Nasdaq: MAR) today announced the launch of each company’s foray into the midscale hospitality space in Japan, which follows KKR’s completion of the acquisition of Unizo Hotel Company, Limited and a portfolio of 14 hotels in Japan from Unizo Holdings. The 14 hotels will be converted to Four Points Express by Sheraton. This marks Marriott’s entry into the affordable midscale segment in Japan and the brand’s debut in Asia Pacific following its global launch in this space in 2023.
By KKR · Via Business Wire · May 7, 2024
KKR to Acquire Healthium from Apax Funds
KKR, a leading global investment firm, today announced the signing of definitive agreements under which funds managed by KKR will acquire Healthium Medtech Ltd. (“Healthium”), a leading Indian medical devices company, from an affiliate of Funds advised by Apax Partners LLP (“Apax”), a leading global private equity advisory firm. The acquisition will be made by a special purpose vehicle owned by KKR-managed funds which will acquire a controlling interest in Healthium group, including Healthium.
By KKR · Via Business Wire · May 6, 2024
KKR’s Henry McVey Says Insurance CIOs Plan to Increase Allocations to Non-Traditional Assets
KKR, a leading global investment firm, today released “No Turning Back,” a new Insights piece by Henry McVey, CIO of KKR’s Balance Sheet and Head of Global Macro and Asset Allocation (GMAA).
By KKR · Via Business Wire · April 30, 2024
KKR to Acquire $1.64 Billion Student Housing Portfolio from BREIT
KKR and Blackstone Real Estate Income Trust, Inc. (“BREIT”) today announced a definitive agreement for funds managed by KKR to acquire a portfolio of 19 purpose-built student housing properties from BREIT for approximately $1.64 billion.
By KKR · Via Business Wire · April 25, 2024
SunFire Announces Investment from KKR
SunFireMatrix, Inc. (“SunFire” or the “Company”), a leading software and tech-enabled services platform serving the insurance distribution and health plan markets, announced today that it has been acquired by funds managed by KKR, a leading global investment firm. Funds managed by Stone Point Capital LLC, the Company’s previous majority owner, will continue to be a significant minority shareholder in the Company. Financial details of the transaction were not disclosed.
By KKR · Via Business Wire · April 2, 2024
Weave Living and KKR Establish Urban Living Strategic Partnership in South Korea
WEAVE LIVING (“Weave”), Asia Pacific’s preeminent living sector specialist, and KKR, a leading global investment firm, today announced the establishment of a strategic partnership to invest in rental housing assets in South Korea, with a focus on Seoul. The strategic partnership will target to build a rental housing asset portfolio of c.1,200 units with the initial tranche of capital and the strategic partners intend to scale this program over time as opportunities emerge.
By KKR · Via Business Wire · March 26, 2024
KKR Announces Formation of Global Wealth Investment Council
KKR, a leading global investment firm, today announced the launch of its Global Wealth Investment Council (“GWIC”). Comprised of ten experts from leading wealth management firms around the world, the GWIC is designed to serve as a forum for constructive dialogue and knowledge exchange on the topics of macroeconomics, capital markets, asset allocation and the role of private markets in individual portfolios.
By KKR · Via Business Wire · March 25, 2024
KKR Invests in Avantus to Support Renewable Energy Deployment in the United States
Today, KKR, a leading global investment firm, announced the signing of a definitive agreement pursuant to which investment funds and accounts managed by KKR agreed to acquire a majority stake in Avantus, a premier U.S. developer of large utility-scale solar and solar-plus-storage projects. Following the close of the transaction, KKR and existing investor EIG, a leading institutional investor in the global energy and infrastructure sectors, will be the sole equity investors in Avantus. Both equity sponsors are dedicated to supporting the next phase of Avantus’ growth, including having secured commitments for a substantial development financing facility alongside their equity commitments to the company, totaling upwards of $1 billion in the aggregate.
By KKR · Via Business Wire · March 20, 2024
KKR Appoints Ruchir Swarup as Chief Information Officer
KKR today announced the appointment of Ruchir Swarup as a Partner and Chief Information Officer, effective immediately. In this role, Mr. Swarup will be responsible for driving KKR’s technology strategy and vision. Based in New York, Mr. Swarup will lead the firm’s efforts to embrace new technologies and scale existing technology to create efficiencies and reduce risk across the firm.
By KKR · Via Business Wire · March 5, 2024
KKR to Acquire Broadcom’s End-User Computing Division
KKR today announced the signing of a definitive agreement with Broadcom Inc. (NASDAQAVGO) to acquire its End-User Computing Division (the “EUC Division”) in a transaction valued at approximately $4 billion. Upon closing of the transaction, the EUC Division will become a standalone company, with greater access to growth capital and a dedicated strategic focus on empowering customers and partners worldwide with innovative digital workspace solutions.
By KKR · Via Business Wire · February 26, 2024
KKR Leads Financing for Clarience Technologies’ Acquisition of Safe Fleet
KKR, a leading global investment firm, today announced that it served as Lead Arranger, Administrative Agent, and investor on a debt financing for Clarience Technologies’ Acquisition of Safe Fleet. KKR invested in the transaction through its credit vehicles and accounts. KKR Capital Markets acted as Left Lead Arranger and Joint Bookrunner on the transaction.
By KKR · Via Business Wire · February 16, 2024
KKR’s Henry McVey Says Leading Family Offices Plan to Allocate More to Alternatives in 2024
KKR, a leading global investment firm, today released “Loud and Clear,” a new Insights piece by Henry McVey, CIO of KKR’s Balance Sheet and Head of Global Macro and Asset Allocation (GMAA).
By KKR · Via Business Wire · February 13, 2024
KKR Closes US$6.4 Billion Asia Pacific Infrastructure Investors II Fund
KKR, a leading global investment firm, today announced the final close of KKR Asia Pacific Infrastructure Investors II SCSp (the “Fund”), a US$6.4 billion fund focused on infrastructure-related investments across Asia Pacific.
By KKR · Via Business Wire · January 31, 2024
KKR Provides Global Accounts Receivable Facility to Weber LLC
KKR today announced that its private credit funds and accounts have provided a non-recourse accounts receivable financing for Weber LLC (“Weber”), the global leader in outdoor cooking products, innovation, and technology, to support the company’s operations and strategic investments in long-term growth. The initial $200 million facility is collateralized by certain accounts receivables of Weber in the U.S. and international markets, with subsequent closes of up to $100 million across European markets expected in the first half of 2024. KKR Capital Markets acted as lead arranger and sole bookrunner.
By KKR · Via Business Wire · January 22, 2024
KKR Launches New Digital Global Education Platform for Financial Advisors and Individual Investors
Today, KKR, a leading global investment firm, unveiled “KKR Alternatives Unlocked,” a digital platform designed to empower financial advisors and their clients to better understand the alternatives investing landscape. The platform features a variety of content for financial advisors and individual investors, including macroeconomic insights, investment perspectives and educational content across private equity, infrastructure, real estate, and credit asset classes.
By KKR · Via Business Wire · January 17, 2024
KKR Announces Intra-Quarter Monetization Activity Update for the Fourth Quarter
KKR today announced a monetization activity update for the period from October 1, 2023 to December 21, 2023. Based on information available to us as of today, with respect to the period through December 21, 2023, KKR has earned total realized performance income, including realized incentive fees, and total realized investment income in excess of $500 million. Our monetization activity quarter-to-date is made up of approximately 70% gross realized carried interest and approximately 30% realized investment income plus Marshall Wace incentive fees. This activity is driven primarily by strategic and secondary sale transactions that have closed quarter-to-date, dividend and interest income from KKR’s balance sheet portfolio, as well as incentive fees from KKR’s hedge fund partnerships.
By KKR · Via Business Wire · December 21, 2023
KKR acquires $7.2 Billion Portfolio of Prime Recreational Vehicle Loans
KKR, a leading global investment firm, today announced that funds and accounts managed by its credit business have led the purchase of a $7.2 billion portfolio of super-prime recreational vehicle (RV) loans from BMO Bank National Association, part of BMO Financial Group (“BMO”). Concurrently with the sale, BMO purchased approximately $6.4 billion of senior notes collateralized by the sold loans. BMO will remain the servicer of the loans and will continue to originate and manage RV loans, with no expected impact to dealers, borrowers, and employees.
By KKR · Via Business Wire · December 15, 2023
KKR Releases 2024 Global Macro Outlook
KKR, a leading global investment firm, today released its 2024 Global Macro Outlook by Henry McVey, CIO of KKR’s Balance Sheet and Head of Global Macro and Asset Allocation (GMAA).
By KKR · Via Business Wire · December 15, 2023
KKR Appoints Dane E. Holmes as Chief Administrative Officer
KKR today announced the appointment of Dane E. Holmes as Chief Administrative Officer (CAO), effective December 29, 2023. As CAO, he will join the firm’s leadership team and oversee and work with the existing leaders of a number of key functions, including KKR’s Human Capital, Communications, Marketing, Sustainability, and Citizenship teams.
By KKR · Via Business Wire · December 14, 2023
KKR Announces New Partners and Managing Directors
KKR today announced a newly promoted group of 8 Partners and 33 Managing Directors, effective January 1, 2024.
By KKR · Via Business Wire · December 1, 2023
KKR, Hologic and Ajax Health Create New Platform to Accelerate Medical Device Innovation
KKR, a leading global investment firm, today announced a new platform established with investments from KKR and Hologic, Inc. (Nasdaq: HOLX), a global leader in women’s health and medical technology innovator. The new platform, named Maverix Medical, will be managed by Ajax Health under the leadership of Duke Rohlen.
By KKR · Via Business Wire · November 30, 2023
KKR Acquires Potter Global Technologies
KKR, a leading global investment firm, today announced that investment funds managed by KKR have acquired Potter Global Technologies (“Potter” or the “Company”), a leading manufacturer of fire and life safety equipment, from Gryphon Investors. KKR plans to support the Company in its continued growth organically and through add-on acquisitions. Financial terms were not disclosed.
By KKR · Via Business Wire · November 27, 2023
KKR Releases “A New Foundation for Global Wealth: Rebuilding Portfolios for the New Regime”
KKR, a leading global investment firm, today announced the release of “A New Foundation for Global Wealth: Rebuilding Portfolios for the New Regime” by Paula Campbell Roberts, Chief Investment Strategist for Private Wealth. This is the first release in Investing for Wealth, a planned series of notes focused on the evolving role of private markets assets in individual portfolios. Drawing on insights from the “Regime Change” series of notes on portfolio construction in a changing macroeconomic landscape, this piece explains in detail how integrating private markets investments can help address a variety of financial objectives.
By KKR · Via Business Wire · November 16, 2023
KKR Closes $2.8 Billion Global Impact Fund II
KKR, a leading global investment firm, today announced the final closing of KKR Global Impact Fund II (“GIF II” or the “Fund”), a $2.8 billion fund dedicated to investing in companies whose products and services contribute measurable progress toward the United Nations Sustainable Development Goals (“SDGs”). The Fund is the successor fund to the first KKR Global Impact Fund.
By KKR · Via Business Wire · November 6, 2023
KKR Announces Completion of Acquisition of Simon & Schuster from Paramount
KKR, a leading global investment firm, today announced the successful completion of the previously announced acquisition of Simon & Schuster from Paramount Global (NASDAQ: PARA, PARAA) in a $1.62 billion all-cash transaction. With the closing of the deal, Simon & Schuster is now a standalone private company, and the only independent major trade publisher in the U.S. It continues to be led by Jonathan Karp, President and CEO, and his talented executive team.
By KKR · Via Business Wire · October 30, 2023
KKR to Invest $400 Million in Leading Neutral Subsea Telecommunications Cable Services Provider OMS Group
KKR, a leading global investment firm, and the parent company of OMS Group (or the “Company”), a leading telecom infrastructure company and provider of subsea cable services, today announced the signing of definitive agreements under which KKR will commit $400 million in a tailored solution for OMS Group. This marks KKR’s latest digital infrastructure investment in Southeast Asia, underlining its conviction in the role digitalization plays in the region’s burgeoning internet economy.
By KKR · Via Business Wire · October 29, 2023
KKR to Invest in Precipart to Accelerate Growth
KKR, a leading global investment firm, announced today that it has agreed to invest in Precipart (the “Company”), a leading contract manufacturer of precision components for the medical device and aerospace industries. KKR plans to support the Company in its continued growth organically and through M&A. Financial terms were not disclosed.
By KKR · Via Business Wire · October 24, 2023
KKR Closes Third Tech Growth Fund at Nearly $3 Billion
KKR, a leading global investment firm, today announced the final close of KKR Next Generation Technology Growth Fund III (“NGT III” or the “Fund”), an approximately $3 billion fund focused on investing in leading growth technology companies across North America, Europe and Israel.
By KKR · Via Business Wire · October 18, 2023
KKR & Co. Inc. to Announce Third Quarter 2023 Results
KKR & Co. Inc. (NYSEKKR) announced today that it plans to release its financial results for the third quarter 2023 on Tuesday, November 7, 2023, before the opening of trading on the New York Stock Exchange.
By KKR · Via Business Wire · October 18, 2023
KKR to Invest in Life Sciences Firm Catalio Capital Management
KKR, a leading global investment firm, today announced an agreement to invest in Catalio Capital Management, LP, a multi-strategy investment firm focused on breakthrough biomedical technology and innovative health care companies. The addition of new capital is expected to accelerate Catalio’s growth trajectory and talent acquisition, as well as anchor its investment strategies. Pursuant to the agreement, KKR is acquiring a minority economic stake in Catalio and will invest in Catalio’s funds.
By KKR · Via Business Wire · October 17, 2023
KKR and Flerie Form Specialized Pharma Services Platform Frontier Biosolutions and Invest in Coriolis Pharma
KKR, a leading global investment firm, today announced, in partnership with Flerie, the formation of a new global pharma services platform, Frontier Biosolutions (“Frontier”), which will invest in a portfolio of companies focused on specialized pharmaceutical services to advanced therapeutics customers. Frontier will invest in differentiated scientific capabilities and proprietary technology platforms that address critical bottlenecks in the development and manufacturing of advanced therapeutics.
By KKR · Via Business Wire · October 16, 2023
KKR Expands Operations in India With New Gurugram Office
Leading global investment firm KKR today announced it is expanding its operations in India with the opening of a new office in Gurugram.
By KKR · Via Business Wire · October 4, 2023