|Bid||23.69 x 1100|
|Ask||23.70 x 800|
|Day's Range||23.60 - 23.98|
|52 Week Range||18.30 - 28.73|
|Beta (3Y Monthly)||1.85|
|PE Ratio (TTM)||11.47|
|Earnings Date||May 1, 2019 - May 6, 2019|
|Forward Dividend & Yield||0.50 (2.13%)|
|1y Target Est||29.04|
Changing the company’s structure will increase the firm’s “ability to reach a dramatically larger audience,” Chief Executive Officer Stephen Schwarzman, said Thursday in a Bloomberg Television interview. Private equity firms including Blackstone, the world’s largest alternative asset manager, have seen their stock prices lag since going public even as investors have poured money into their buyout, credit, real estate and other funds. Blackstone has epitomized the industry’s fundraising muscle.
For restructuring experts such as KKR & Co. LP, whose founders recently declared Japan the company’s “highest priority” outside the U.S., the smaller country offers much more attractive opportunities. Private-equity companies from around the world have raised billions of dollars to invest in China, hoping to take advantage of its domestic consumption story and tech frenzy. Even KKR has bought into Chinese firms such as pork producer Cofco Meat Holdings Ltd. and personal-finance platform Shenzhen Suishou Technology Co. Ltd.
KKR & Co. Inc. announced today that it plans to release its financial results for the first quarter 2019 on Tuesday, April 30, 2019, before the opening of trading on the New York Stock Exchange.
Obtain important information about the world's top ten private equity firms ranked as of 2015, including their investment focus and portfolio assets.
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Co-founders Paul Marshall and Ian Wace are an unlikely duo. Assets have roughly doubled in the past four years, even as the hedge fund industry has struggled, making both of them billionaires. Marshall Wace’s success also is benefiting a very different and even larger financial animal -- KKR & Co., the $195 billion alternative-investment firm best known for leveraged buyouts.
KKR today announced the release of The Uncomfortable Truth by Henry McVey, Head of Global Macro and Asset Allocation. In the firm’s latest Insights report, McVey and his team examine the intensifying yearn for yield by investors increasingly bumping up against “the uncomfortable truth” of declining interest rates amidst soaring fiscal deficits and bulging debt loads. Such backdrop highlights the need to own more cash flowing assets linked to nominal GDP, build more flexibility across mandates, and shorten duration where appropriate,” Henry McVey says.
Henry Kravis, co-founder of KKR and his wife Marie-Josée Kravis, American citizens, are saddened by the fire at Notre-Dame Cathedral in Paris, like all of France and the rest of the world.
By Julie Zhu HONG KONG (Reuters) - DCP Capital, co-founded by former KKR & Co Greater China head David Liu, said it has raised about $2.5 billion (£1.9 billion) in its debut U.S. dollar and yuan funds, ...
DCP Capital, co-founded by former KKR & Co Greater China head David Liu, said it has raised about $2.5 billion in its debut U.S. dollar and yuan funds, giving the private equity firm adequate firepower ...
DCP Capital has committed 30 percent of the money for six deals in China, and the firm has also raised $500 million for a fund denominated in yuan that focuses on domestic Chinese investments, the people said. Investors include GIC Pte, Temasek Holdings Pte, New York State Teachers Retirement System Inc., Caisse de Depot et Placement du Quebec and the Abu Dhabi Investment Authority, said the people, who asked not to be identified because the information isn’t public. DCP Capital founders David Liu and Julian Wolhardt secured the funding by touting their track record of almost three decades in China.
Zayo Group Holdings Inc. (NYSE: ZAYO) could be days away from a private-equity takeover and its stock prices are reflecting that. Its stock price was at $31.76 at time of publication, up 3 percent. The private-equity consortium includes Digital Colony Partners, EQT and Stonepeak Infrastructure partners, which is closing in on a deal, according to Seeking Alpha.
Italian car parts maker Magneti Marelli, a unit of Fiat Chrysler, confirmed industrial plans for its Italian operations and no job cuts are expected after a pending takeover by Japan's Calsonic Kansei, labour unions said on Monday. Calsonic Kansei, owned by U.S. private equity firm KKR , agreed last year to buy Magneti Marelli for 6.2 billion euros ($7 billion) to form the seventh-largest global independent car parts supplier.
If accurate, the purchase price suggests Apple was largely interested in Texture for its content library and industry partnerships, rather than its technology or user base.
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines British Steel seeks 100 mln stg to pay EU carbon bill https://on.ft.com/2P9EEzq ...
(Bloomberg) -- Abu Dhabi Retirement Pensions and Benefits Fund agreed to invest $300 million in Abu Dhabi National Oil Co.’s midstream pipeline assets, following investments from KKR & Co. and BlackRock Inc.
ZURICH/FRANKFURT, April 12 (Reuters) - Selecta, Europe's leading vending machine operator, is planning an initial public offering (IPO) on the Swiss stock exchange within months, people close to the matter said. Selecta's private equity owner KKR, adviser Lazard and Credit Suisse - the global coordinator for the deal - declined to comment. Selecta did not immediately comment.
KKR today announced that it has become a founding signatory to the Operating Principles for Impact Management, a new market standard for impact investing introduced by the IFC, a member of the World Bank Group. KKR joins 59 other signatories, collectively representing over $350 billion in assets invested for impact, in their commitment to managing their impact investments in accordance with these Principles, which are meant to bring greater transparency, credibility, and discipline to the impact investing market. IFC led the development of the Principles, in collaboration with leading asset managers, asset owners, asset allocators, development banks, and financial institutions, following a three-month public stakeholder consultation.
The two-year-old company -- whose investors include ProSiebenSat.1 Media SE’s former Chief Executive Officer Thomas Ebeling, former KKR & Co. partner Henrik Kraft and ex-BC Partners Chairman Jens Reidel -- raised the funds in three weeks, it said in a statement on Thursday. The idea behind Moonfare is to give rich clients access to the same double-digit returns that police officers’ and teachers’ pension funds have enjoyed for decades.
A deal would rank as one of South Korea's biggest, and, at potentially $16 billion, be the biggest ever gaming deal worldwide. Bidders, though, would have to find the funding and navigate the intricacies of Nexon's relationship with partner Tencent Holdings as well as protectionist South Korean sentiments. Billionaire Jungju Kim is selling a 98.64 percent stake held by himself and his wife in NXC, the holding company that owns 48 percent of Nexon.
Financial investor KKR is preparing Swiss software group SoftwareONE for a bourse listing, sources told Reuters on Friday. KKR has hired investment bank Rothschild to plan an initial public offering of ...
KKR today announced a monetization activity update for the period from January 1, 2019 through March 31, 2019. Driven primarily by strategic sale activities, KKR estimates having earned gross realized carried interest and total realized investment income of approximately $425 million on a segment basis.
Contractual terms that Drexel was proposing for the bond, particularly investor protections known as covenants, had been deemed too strict, says Vince Pisano, an attorney who worked on the deal. Five years later, Chairman Wallace Sparkman would reach a settlement with the U.S. Securities and Exchange Commission, neither confirming nor denying participating in an alleged kickback scheme.
Sonos Inc. announced on Wednesday afternoon that it was hiring Brittany Bagley, who has served on the company’s board of directors, to become its new chief financial officer.
The decision by Manikay Partners, the Australian firm's second-biggest shareholder, clears a significant hurdle for the marked-down A$1.6 billion ($1.14 billion) buyout offer, from which the U.S. private equity firm refused to budge. "We, Manikay Partners, intend to vote all the MYOB shares that we own or control FOR the upcoming Scheme," the U.S. hedge fund wrote in a letter to MYOB, referring to a meeting on April 17 where shareholders will vote whether to accept the offer. KKR first offered A$3.70 per MYOB share in October.