|Bid||23.86 x 800|
|Ask||23.87 x 800|
|Day's Range||23.76 - 24.10|
|52 Week Range||18.30 - 28.73|
|Beta (3Y Monthly)||1.88|
|PE Ratio (TTM)||11.57|
|Earnings Date||May 1, 2019 - May 6, 2019|
|Forward Dividend & Yield||0.50 (2.04%)|
|1y Target Est||29.00|
What’s driving KKR’s big investments? Justin Pattner, KKR’s managing director and head of real estate equity in the Americas, explains.
PE Daily: Blackstone to Buy ServePro | KKR Taps Soros Exec | Calpers Approves PE Overhaul Good day! Private-equity firms and their private-infrastructure peers have been eagerly snapping up data centers and cell towers in recent years.
Blackstone Group has raised $695 million (523.62 million pounds) from Mexican pension funds for its first two local private equity funds, filings showed, joining Black Rock and KKR & Co in expanding in Mexico following regulatory changes. Several of the world's top private equity managers have quietly raised billions of dollars from Mexican pension funds, known as afores, since new rules were enacted early last year, filings to the Mexican Stock Exchange and a non-public document reviewed by Reuters showed. It was not immediately clear how much in total has been raised to date in Mexico by equity managers, which include Discovery Capital Management, General Atlantic, Partners Group, Lexington Partners and HarbourVest Partners.
’s investment firm to help spearhead its push into a growing area of infrastructure investing: communications. joined KKR earlier this month to head up the firm’s communications infrastructure investment team in North America, according to a person familiar with the matter. Investor appetite for infrastructure funds has surged in recent years as the asset class has delivered solid returns and is perceived as being less risky than traditional private equity.
Felix Gray CEO David Roger tells us why he preferred working with PE investors, and whether VCs make less sense for certain types of startups.
The unit may also draw interest from buyout firms including Advent International, Blackstone Group LP, EQT Partners and Permira as well as industry rivals, the people said, asking not to be identified because considerations are private. Bayer may wait to bring the vet unit to market until another large European carve-out, Nestle SA’s skin-health business, reaches fruition, the people said.
A value-add asset — whether talking multifamily, office or industrial property — is one with the potential to increase its value if improvements are made and rents are raised.
-- Taps Former Qwest and Coors Brewing Company Human Resources Executive Jill Sanford to Lead Worldwide HR Strategy and Programs --
“We have a strong track record of investing in private equity in Asia since 2005, and we are now focused on further growing our teams and resources to tackle opportunities in real estate, infrastructure and alternative credit,” co-founders Henry Kravis and George Roberts said in the firm’s 2018 annual letter, released Thursday. Buyout funds focused on Asia have raised record amounts of cash in the past year and a half as they navigate a frothy deal market.
The fiber-optic network operator is benefiting as businesses and consumers demand more bandwidth at faster speeds. Now investors are thinking about a payoff.
The firm has started reaching out to some investors about the next Carlyle Japan Partners pool before it officially begins fundraising, said the people, asking not to be identified because the information isn’t public. Private equity firms are finding opportunities to invest in Japan boosted by negative interest rates and an effort by Prime Minister Shinzo Abe to improve corporate governance. KKR & Co.’s co-presidents last year called Japan a top priority for investing because of cheaper valuations in the country.
KKR is the fifth most active underwriter of institutional loans in 2019, up from 11th a year earlier, according to data compiled by Bloomberg. Ares Capital Corp, which also has a large private credit business, is the 15th biggest arranger, up 25 spots. Also grabbing more of the capital markets business typically dominated by Wall Street banks is mid-market specialist Golub Capital LLC, which rose five spots to rank 18th in the U.S. institutional loan league table.
This article first appeared on SumZero, the world’s largest research community of buyside investment professionals. (KKR) is a leading global investment firm that manages alternative asset classes including private equity, energy, infrastructure, real estate and credit, with strategic partners that manage hedge funds. The firm’s legacy is in private equity, in which it has since 1976 completed over 350 investments in portfolio companies with a total transaction value of over $600 billion.
Most organizations conduct annual risk assessments, identify gaps, and receive recommendations for how to remediate those gaps. Based on strategies developed or assessments performed, many organizations know what to do but often not how to do it. Optiv Security, the world’s leading security solutions integrator, today announced its new Risk Transformation ServiceTM, an end-to-end solution that includes strategy execution.
NextEra Energy Partners unveils another innovative deal to keep its ambitious dividend growth plan on track.
Grocery chain Coles Group Ltd said on Tuesday it will establish a joint venture with KKR -owned Australian Venue Co Ltd (AVC) for the management of Coles' gaming and hotels business. The joint venture, named Queensland Venue Co, will be owned equally by Coles and AVC, Coles said in a statement.
KKR today announced the signing of a definitive agreement with NextEra Energy Partners, LP (NYSE: NEP or “NEP”) to acquire an equity interest in a newly-formed partnership with NEP that owns a geographically diverse portfolio of ten utility scale wind and solar projects across the United States, collectively consisting of approximately 1,192 megawatts. “We’re excited to partner with NextEra, a world class renewable energy developer and operator, on this portfolio of high quality contracted wind and solar assets,” said Brandon Freiman, Member of KKR and Head of the Firm’s Infrastructure business in the Americas. KKR has a track-record of investing in renewable energy, with significant capital deployed in renewable assets including more than 4 GW of installed renewable capacity.
Kate Richdale, a senior investment banker at Goldman Sachs in Asia, is leaving to join KKR, the U.S. private-equity giant said.
KKR & Co Inc has poached Kate Richdale, chair of Goldman Sachs Group Inc's investment bank in Asia ex-Japan, boosting its Asia-Pacific presence and prompting the latest senior banker departure from the U.S. investment banking giant. Richdale will be KKR's Asia-Pacific head of strategy and business development, a newly created role, and will also work with its Asia investing businesses to assist with deal origination, the U.S. private equity firm said on Monday.
KKR & Co Inc has poached Kate Richdale, chair of Goldman Sachs Group Inc's investment bank in Asia excluding Japan, in the latest senior banker departure from the U.S. investment banking giant. Richdale will be KKR's Asia-Pacific head of strategy and business development, a newly created role, and will also work with KKR's Asia investing businesses to assist with deal origination, the U.S. private equity firm said on Monday.
Leading global investment firm KKR today announced the appointment of Kate Richdale as Member and Head of Strategy & Business Development in Asia Pacific. In this role, Ms. Richdale will work with KKR’s senior leadership team in Asia to help the Firm expand its platform across business and new investment strategies. She will also work with KKR’s Asia investing businesses to assist in advancing the deal origination pipeline and to get involved at a strategic level with the Firm’s key client relationships across the region.
The London-based energy conglomerate has received interest from energy producers Hilcorp Energy Co. and Enduring Resources in its operations in Colorado’s San Juan Basin, said the people, who asked to not be identified because the information is private. Warburg Pincus is among groups interested in BP’s assets in the Anadarko and Arkoma Basins in Oklahoma, the people said. Representatives for BP, KKR and Warburg Pincus declined to comment.
Italian confectioner Ferrero and two other bidders are left in the race to buy Arnott's biscuits and other international assets put on sale by Campbell Soup, the Australian Financial Review reported. Ferrero, which started an aggressive acquisition campaign four years ago, is vying with Oreo cookies maker Mondelez International Inc and a consortium comprising private equity firms KKR and Bain Capital, the newspaper said.