23.54 -0.12 (-0.53%)
After hours: 4:26PM EST
|Bid||22.00 x 3200|
|Ask||24.00 x 900|
|Day's Range||23.39 - 23.71|
|52 Week Range||18.30 - 28.73|
|Beta (3Y Monthly)||1.93|
|PE Ratio (TTM)||11.49|
|Earnings Date||May 1, 2019 - May 6, 2019|
|Forward Dividend & Yield||0.50 (2.11%)|
|1y Target Est||29.00|
Adnoc, as the state-owned energy giant is known, KKR and BlackRock declined to comment. The emirate of Abu Dhabi, home to about 6 percent of the world’s crude reserves, is attempting to generate cash from its prime assets while also attracting more overseas investors as it seeks to diversify an economy that’s dependent on oil. Adnoc has so far listed its distribution unit and made management changes.
* U.S. private equity firms also bidding - reports * Deal could be worth as much as $9 bln - reports * Nexon founder wants to sell stake in parent NXC Corp (Adds NXC declines to comment) SEOUL, Feb 21 ...
Private equity firms are drawn to insurance brokerages because they have strong cash flow and tend to perform well through economic cycles. KKR & Co. agreed this month to buy a stake in Swedish insurance broker Soderberg & Partners. The AssuredPartners stake is being sold by Apax Partners, which replaced Chicago-based GTCR as the company’s main institutional investor in 2015.
LOS ANGELES and DENVER , Feb. 20, 2019 /PRNewswire/ -- Lemonade Restaurant Group ("Lemonade") and Modern Market Eatery today announced they have reached an agreement to merge and form Modern ...
State-owned ADNOC was looking to sell a stake in its multibillion-dollar pipeline infrastructure assets, Reuters had reported http://bit.ly/2GySytx in early October. ADNOC has started a major transformation drive in the past two years to make it more competitive and commercially focused like other state-owned peers, selling and listing stakes in parts of its business. BlackRock and KKR did not immediately respond to a Reuters request for comment, while ADNOC declined to comment.
U.S. investment firms BlackRock Inc and KKR & Co Inc are in advanced talks to take a $4 billion to $5 billion stake in Abu Dhabi National Oil Co's pipeline network, the Financial Times reported on Tuesday. ...
The co-chief executive officers each collected $55.6 million in carried interest and $300,000 in salary, the New York-based private-equity firm said Friday in a regulatory filing. Joe Bae and Scott Nuttall, who were named co-chief operating officers in 2017, each received about $36.5 million, including bonuses of $9 million and $21 million in carried interest.
KKR & Co LP is a global investment firm which invests across multiple asset classes including private equity, energy, infrastructure, real estate, growth equity, credit and hedge funds. The dividend yield of KKR & Co Inc stocks is 2.51%. Warning! GuruFocus has detected 4 Warning Signs with KKR.
KKR & Co. Inc. announced today that William J. Janetschek, Chief Financial Officer, and Craig Larson, Head of Investor Relations, will present at the Citi 2019 Asset Managers, Broker Dealers & Exchanges Conference on Wednesday, February 27, 2019 at 10:25 AM ET.
NEW YORK, Feb. 14, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Blackstone Group and Stonepeak Infrastructure Partners are circling communications infrastructure company Zayo Group Holdings Inc. once again. Previously, Zayo rejected a $6 billion-plus offer from the Blackstone-led consortium (NYSE: BX), which also includes KKR & Co.
KKR & Co. Inc. has dipped into its funds to co-invest in a waste-collection company. The New York-based private equity giant acquired a 60 percent stake in Ramky Enviro Engineers Ltd., an India-based provider of environmental services and solutions. KKR spent about $510 million on the acquisition, which closed on Monday.
PHILADELPHIA , Feb. 11, 2019 /PRNewswire/ -- FS KKR Capital Corp. (NYSE: FSK) announced today plans to release its fourth quarter and full year 2018 results after the close of trading on the New York Stock ...
The acquisition is KKR’s second, and biggest, impact deal, after it bought a stake in Singapore energy-efficiency company BBP in December for as much as $33 million. KKR and private equity rivals including Bain Capital and TPG have dived into impact-investing strategies in the past two years, launching funds devoted to sustainability. KKR’s pairing of the impact fund with its existing regional vehicle is a different take on that model.
Söderberg & Partners together with TA Associates and certain other selling shareholders have today reached an agreement on the terms of an investment from KKR, a leading global investment firm. KKR will acquire a substantial minority shareholding in the founder-led business, with Per-Olof Söderberg (Chairman and co-founder), Gustaf Rentzhog (CEO and co-founder) and other key founding members remaining as long-term shareholders.
The retail chain is closing most of its 400 stores and selling the rest, but unlike Toys “R” Us, it’s offering hourly workers a raise and severance if they stick around to the end. KKR faced harsh criticism last year after Toys “R” Us creditors decided to shut the chain, leaving about 33,000 employees without severance.
Meanwhile, as we report this morning, Carlyle’s special situations unit is also weighing a bid for troubled U.K. bakery chain Patisserie Valerie and its European private-equity team is nearing the €6 billion mark for its latest buyout fund. Carlyle Group LP’s special situations unit is weighing a bid for troubled café chain Patisserie Valerie, according to people familiar with the matter, Will Louch reports for WSJ Pro. The bakery chain, which had been backed by Risk Capital Partners, filed for administration protection, a U.K. version of bankruptcy, in January.
OneStream Software LLC (“OneStream”), a leading provider of cloud or on-premise Corporate Performance Management (CPM) solutions for mid-sized to large enterprises, announced today that it has entered into an agreement to receive a significant investment from KKR, funded through a combination of KKR's private equity and growth equity funds. The investment brings the company’s valuation to over $1.0 billion. “Since founding this company in 2010, after having been a part of the CPM market for 20-plus years, we set out to create a platform to break down the siloes across different functions within the office of the CFO to not only modernize it, but to revolutionize organizations,” said OneStream CEO Tom Shea.
Blackstone Group LP and Carlyle Group LP recently adopted it as their key metric after KKR & Co. changed last year. The yardstick, which has been in past earnings reports but not spotlighted, strips out mark-to-market valuations and promises to make quarterly results less volatile, particularly in turbulent markets. The share prices of these giant firms have mostly lagged the broader market since they went public, which for Blackstone was more than a decade ago.
The news last week that Canada’s Brookfield Asset Management is considering an approach for former Dutch national carrier KPN NV bookends a 12-month period which saw a range of European carriers targeted for their attractive network businesses. Within the 50 billion euros ($57.2 billion) of telecom deals in Europe last year, the biggest noise came from activists sensing an opportunity to push often heavily leveraged companies to sell cell towers and fixed networks.
Good day. Listed private-equity firms rediscovered gravity this week with both Blackstone Group LP and Apollo Global Management LLC reporting declines in earnings for the fourth quarter of last year. Of course, the two firms still fared better than the broader market that same quarter.
Sixty percent of companies have beat on the top line, while nearly 3/4 have beat on earnings, according to data compiled by Bloomberg. Some analysts have called some of the volatility we’ve seen post earnings (like GE last week) "head scratching." And Citi analysts led by Tobias Levkovich write that they still see a preference from investors for growth instead of value.
KKR & Co. on Friday posted a fourth-quarter loss, mirroring results from its peers earlier in the week, as market turmoil took a toll on its portfolio. The private-equity firm reported a loss of $384.6 million, compared with a profit of $174.7 million in 2017’s final quarter. On an adjusted basis, KKR said distributable earnings per share rose to 55 cents from 45 cents, topping analysts’ estimates of 49 cents, according to FactSet.