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NEW YORK, May 25, 2023--Global Atlantic Financial Group ("Global Atlantic"), a leading insurance company meeting the retirement and life insurance needs of individuals and institutions, today announced it has signed a $19.2 billion reinsurance agreement with MetLife, Inc. (NYSE: MET). The transaction, signed between subsidiaries of the two companies, will reinsure a seasoned and diversified block of MetLife’s U.S. retail annuity and life insurance business.
STOCKHOLM, May 25, 2023--KKR, a leading global investment firm, today announced that KKR’s European real estate platform has agreed to acquire a high-quality portfolio of thirty residential properties in Finland (the "Portfolio") from Kruunuasunnot. The Portfolio comprises over 1,200 residential units with two thirds of the portfolio located in the country’s three largest cities of Helsinki, Turku and Tampere.
NEW YORK, May 24, 2023--KKR, a leading global investment firm, today announced that the Board of Directors of KKR Real Estate Select Trust Inc. ("KREST" or the "Fund") has appointed Julia Butler to the newly created role of Chief Investment Officer ("CIO") of KREST. A veteran real estate investor and Managing Director at KKR, Ms. Butler is now on KREST’s dedicated senior leadership team. She will oversee investment management for the Fund as it continues to scale its high-quality global portfoli
(Bloomberg) -- Expect to see more $5 billion to $6 billion-sized private credit debt deals ahead, said Cade Thompson, head of US debt capital markets at KKR & Co Inc.Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksChina’s New Covid Wave Set to See 65 Million Cases a WeekLuxury Stocks Lose $30 Billion in One Day on Demand FearsMcCarthy Says Debt Deal Remains Elusive as Negotiations ResumeWorld’s Richest Man Loses $11 Billion After LVMH Stock RoutA group of private
Cade Thompson, US head of debt capital markets at KKR & Co., discusses the growth in private credit to finance deals, refinancing of corporate debt, and the firm's merger and acquisition strategy on "Bloomberg Markets." Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on... Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness/ Instagram: https://www.instagram.com/quicktake/?hl=en
Alternative asset managers have built enormous businesses by tapping into institutional capital. Institutional investors like pension funds, endowments, and insurance companies have an estimated $135 trillion to $140 trillion pool of investable capital. Private investors hold the other half, estimated to be between $140 trillion and $150 trillion.
NEW YORK, May 19, 2023--KKR, a leading global investment firm, today announced it has named Dan Pietrzak as Global Head of Private Credit. Most recently, Mr. Pietrzak served as Co-Head of Private Credit with Matthieu Boulanger, who is leaving to pursue other opportunities.
U.S. cloud-based restaurant manager Restaurant365 has turned a 'unicorn' after a $135 million funding round, the company said on Friday. The new round of funding was co-led by global investment firms KKR & Co Inc and L Catterton along with current investors, including ICONIQ Growth and Besemer Venture Parteners, the California-based company said.
NEW YORK, May 18, 2023--KKR & Co. Inc. (NYSE: KKR) announced today that Joseph Y. Bae, Co-Chief Executive Officer, will present at the Bernstein 39th Annual Strategic Decisions Conference 2023 on Thursday, June 1, 2023 at 8:00 AM ET.
NEW YORK, May 18, 2023--KKR & Co. Inc. ("KKR") (NYSE: KKR) today announced that it has priced an offering of ¥44,700,000,000 aggregate principal amount of its 1.428% Senior Notes due 2028 (the "2028 notes"), ¥1,800,000,000 aggregate principal amount of its 1.614% Senior Notes due 2030 (the "2030 notes"), ¥1,500,000,000 aggregate principal amount of its 1.939% Senior Notes due 2033 (the "2033 notes"), ¥3,000,000,000 aggregate principal amount of its 2.312% Senior Notes due 2038 (the "2038 notes")
(Bloomberg) -- Telecom Italia SpA fell on Tuesday following a Bloomberg report that Italy’s state lender will drop its offer for the carrier’s landline network, ending a bidding war with KKR & Co. Most Read from BloombergA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersChicago’s Empty Office Towers Threaten Its Future as a Major Financial HubTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffGoogle Billionaire Sergey Brin Gifts $600 Million in Surging SharesTur
(Bloomberg) -- Petroleos Mexicanos is in advanced talks to buy KKR & Co.’s Monterra Energy fuel-storage terminal in Tuxpan, Veracruz, in one of the latest blows to Mexican energy liberalization that ushered in a wave of foreign investment.Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffTurkey Set for Runoff as Erdogan Falls Just Short of VictoryMichael Burry Doubles Alibaba Stake in Big Bet on China TechChicago’s Empty Office Towers Threaten Its Future as a M
KKR & Co Inc-backed Envision Healthcare Corp and its wholly owned subsidiaries filed for Chapter 11 bankruptcy protection on Monday. The U.S. provider of physicians has estimated assets and liabilities in the range of $1 billion to $10 billion each, the company said in a court filing. The company said that it entered into a restructuring support agreement for debt obligations of about $7.7 billion under which its unit AMSURG which manages ambulatory surgery centers and Envision Physician Services will be separately owned.
The U.S. provider of physicians has estimated assets and liabilities in the range of $1 billion to $10 billion each, the company said in a court filing. The company said that it entered into a restructuring support agreement for debt obligations of about $7.7 billion under which its unit AMSURG which manages ambulatory surgery centers and Envision Physician Services will be separately owned. Envision's AMSURG unit will buy surgery centers held by the company for $300 million plus a waiver of intercompany loans held by AMSURG, it said in a statement.
In recent years, investors have poured money into alternative investment vehicles like private equity and hedge funds. Because of that, leading alternative investment managers are flush with cash. Industry behemoths Blackstone (NYSE: BX), Brookfield Asset Management (NYSE: BAM), and KKR (NYSE: KKR) have amassed a combined total of $379 billion of dry powder that they can deploy to capitalize on future investment opportunities.
KKR & Co. Inc.'s ( NYSE:KKR ) dividend will be increasing from last year's payment of the same period to $0.165 on 6th...
TOKYO, May 12, 2023--KKR Increases Majority Stake in Seiyu with Acquisition of Rakuten Shares
NEW YORK, May 11, 2023--KKR, a leading global investment firm, today announced the signing of a definitive agreement under which investment funds managed by KKR will acquire Industrial Physics (or the "Company"), a leading manufacturer of testing and measurement instruments, from Union Park Capital ("UPC"). KKR plans to support the Company in its continued growth organically and through add-on acquisitions. Financial terms were not disclosed.
KKR & Co Inc-backed Envision Healthcare Corp is planning to file for Chapter 11 bankruptcy protection, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The filing, which could be made as soon as this weekend, would wipe out the investment of KKR in the medical staffing firm, the report said. In 2018, KKR had taken Envision private in a deal valued at $5.57 billion to build up its healthcare portfolio.
U.S. private equity group KKR & Co Inc and Australia's Macquarie Asset Management are among potential bidders for the waste and recycling management arm of Singapore's energy group Sembcorp in a deal that could value the unit at around $500 million, said two sources with knowledge of the matter. Sembcorp, which is 49.3% owned by Singapore's state investor Temasek Holdings, has hired HSBC to run the sale of SembWaste, according to the sources.
(Bloomberg) -- KKR & Co. earnings fell 26% during the first quarter from a year earlier as a dealmaking drought continued to weigh on the alternative asset manager.Most Read from BloombergPowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffGoldman to Pay $215 Million to End Case on Underpaying WomenTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebatePolice Raid Consulting Firm as China Starts Anti-Spy CampaignWhy Airfares, Hotels and Cars Are Getting S
The headline numbers for KKR & Co. Inc. (KKR) give insight into how the company performed in the quarter ended March 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
KKR & Co Inc said on Monday its after-tax distributable earnings fell 26% year-on-year in the first quarter due to a sharp drop in asset sales from its private equity portfolio and lower transaction fees. KKR and other private equity firms cashed out on fewer investments during the quarter as inflation, higher interest rates, geopolitical tensions and financial market volatility weighed on dealmaking. KKR said its profit from asset sales fell 70% to $172.7 million.
NEW YORK, May 08, 2023--KKR & Co. Inc. (NYSE: KKR) today reported its first quarter 2023 results, which have been posted to the Investor Center section of KKR’s website at https://ir.kkr.com/events-presentations/.