|Bid||23.00 x 1800|
|Ask||24.67 x 1200|
|Day's Range||23.95 - 24.32|
|52 Week Range||18.30 - 28.73|
|Beta (3Y Monthly)||1.81|
|PE Ratio (TTM)||7.92|
|Forward Dividend & Yield||0.50 (2.04%)|
|1y Target Est||N/A|
Backed by private equity firm KKR & Co., the company is planning a premium listing, and is planning to use the money raised to reduce its net debt, increase its brand awareness, and give existing shareholders the opportunity to cash out. A date for the listing is still “being ironed out,” and will likely be set before the summer, Trainline’s Chief Financial Officer Shaun McCabe said on a call with reporters Wednesday. KKR acquired London-based Trainline in January 2015 for an undisclosed amount from Exponent Private Equity LLP, preempting an IPO that would have valued the firm at about 500 million pounds ($633 million), people familiar with the matter said at the time.
Britain's Trainline said on Wednesday it planned to float the online rail and coach travel platform in London to increase its profile and tap into the growing demand for e-ticketed travel across Europe. The platform, which employs more than 600 people in London, Paris and Edinburgh, was bought by KKR in 2015. It intends to have a free float of 25 percent of the company's issued share capital, with around 50 million pounds raised through the issue of new shares, and a larger but undisclosed sum raised from the sale of existing shares.
Credit Suisse analyst Craig Siegenthaler upgraded Apollo Global Management to Outperform from Neutral, and downgraded both KKR and Carlyle Group to Neutral.
International lenders are finding little joy in Japanese leveraged buyouts even as global private equity firms ramp up debt-funded acquisitions in the world's third-biggest economy. Japanese LBO loans are running at a decade high, with more than US$10bn of deals closed already this year. KKR-owned Japanese auto parts maker Calsonic Kansei Corp raised over ¥1trn (US$9bn) in Asia's largest LBO loan in April with DBS Bank the only non-Japanese lender to join in senior syndication, even though the deal was denominated partially in euros and offered to international banks.
HONGKONG/FRANKFURT/TOKYO (Reuters) - Global private equity firms Bain Capital, Carlyle Group and KKR & Co are among potential bidders for Japanese conglomerate Hitachi Ltd's chemical unit, three people familiar with the situation told Reuters. Hitachi plans to sell its majority stake in Hitachi Chemical and the process could start as early as this month, Reuters has reported. The three private equity firms declined to comment.
EQT has teamed up with Abu Dhabi Investment Authority (ADIA), several sources told Reuters. It faced competition from rival buyout funds and some industry players including a consortium of Advent and Cinven as well as U.S. private equity firm KKR & Co Inc and European fund PAI Partners, the sources said. Nestle's skin health unit, which sells Cetaphil, was formed in 2014 when it bought a stake in cosmetics brand L'Oreal.
FRANKFURT/ISTANBUL, May 15 (Reuters) - Turkey's Teklas Kaucuk, which supplies parts to carmakers such as General Motors and BMW, has put itself up for sale in a deal that could value the company at as much as 700 million euros ($782.9 million), two people familiar with the matter said. The family-owned company - which makes rubber hoses and metal tubes mainly for use in air conditioning, brakes and electric vehicles - is being advised by JP Morgan on the sale. Teklas, which also supplies parts to Daimler, FCA , Toyota and Volkswagen, was not immediately available for comment.
Jenkintown, PA, based Investment company Matthew 25 Management Corp buys Customers Bancorp Inc, sells KKR Inc, Mastercard Inc during the 3-months ended 2019Q1, according to the most recent filings of the ...
KKR and the newly formed energy company will acquire Permian Northwest Shelf assets from Houston-based Percussion Petroleum LLC.
Managing member, CEO and the chief investment officer of Akre Capital Management LLC, Chuck Akre (Trades, Portfolio) bought shares of the following stocks during the first quarter. Warning! GuruFocus has detected 7 Warning Signs with AMT. The guru added 1.69% to his stake in American Tower Corp. (AMT).
Founded in 1992 by David Bonderman and Jim Coulter, two alumni of the Bass family office, the company once known as the Texas Pacific Group has headquarters in Fort Worth and San Francisco. It remains a partnership when most rivals have gone public.
Balkan telecoms and media company United Group B.V. plans to expand in its markets in southeastern Europe and invest 700 million euros ($786.4 million) over five years there, the company's CEO told Reuters in an interview. "Our plans have accelerated, so we've been investing (at an) even ... higher (rate) than we originally planned in (the) telco business," CEO Victoriya Boklag said in a phone interview. It employs 4,500 people, 70 percent of whom work in its telecoms division.
Turkey's plan to clean up some $13 billion (10 billion pounds) in bad energy loans, one of the worst hangovers from last year's currency crisis, is taking shape even as some banks hold out for the government to agree to safeguards and higher electricity prices. According to interviews with more than a dozen bankers, investors, advisers and company executives, Ankara is working with lenders to craft legislation that would protect them from sharp losses as the debt is removed from their books, safely packaged as funds, and sold to foreign investors perhaps after a couple of years. The stakes are very high as Turkey takes the first of several steps needed to emerge from recession and halt a renewed selloff in the Turkish lira, including fixing its vast but troubled real estate and construction sectors.
OutSystems, a low-code rapid application development software company with offices in Atlanta, is expanding its footprint in Boston by more than doubling the size of its local office.
Greenhaven Road Capital shared its thoughts on KKR & Co. Inc. (NYSE:KKR) in its Q1 2019 Investor Letter (download here). The fund said that the company has a very strong balance sheet, and a real chance of increasing its AUM and earnings in the future. Aside from sharing its thoughts and analysis on several stocks […]
Jay Horgen, the current president and chief financial officer, will take the helm after the shareholder meeting at the end of May.
Obtain important information about the world's top ten private equity firms ranked as of 2015, including their investment focus and portfolio assets.
Fiat Chrysler Automobiles said it had completed the sale of its car parts unit Magneti Marelli to Calsonic Kansei for 5.8 billion euros (£4.9 billion), slightly below the initial price tag due to the unit's changed financial position. Fiat Chrysler (FCA) last year agreed to sell Magneti Marelli to CK Holdings - the parent of Japan's Calsonic Kansei and a vehicle of U.S. investment firm KKR - for 6.2 billion euros to form the seventh-largest independent car parts supplier.
Indigo Partners and Lufthansa are among the likely bidders for Thomas Cook's airline business, with a deadline of May 7 set for expressions of interest, sources said. The heavily indebted British travel group put its profitable airline business up for sale in February after profit warnings in 2018 left it needing to raise cash. Thomas Cook's airlines business consists of Germany's Condor, as well as British, Scandinavian and Spanish operations.
Thomas Cook has set a deadline of May 7 for expressions of interest in its airline business, with Indigo Partners and Lufthansa among the likely bidders, sources said. The heavily-indebted British travel group put its profitable airline business up for sale in February after profit warnings in 2018 left it needing to raise cash. Thomas Cook's airlines business consists of Germany's Condor, as well as British, Scandinavian and Spanish operations.
Global investment firm KKR & Co Inc is leading a deal to acquire a controlling stake in India Grid Trust (IndiGrid), in a bet on the country's rapidly growing power sector, people familiar with the transaction told Reuters. KKR, together with Singaporean sovereign wealth fund GIC, will acquire up to 57 percent of IndiGrid for about $400 million, the people said. The deal would mark KKR's first infrastructure investment in Asia since it set up a team late last year that focuses on the sector in the region.