24.97 0.00 (0.00%)
After hours: 4:49PM EDT
|Bid||24.81 x 1800|
|Ask||24.96 x 1300|
|Day's Range||24.47 - 25.00|
|52 Week Range||18.30 - 28.73|
|Beta (3Y Monthly)||1.81|
|PE Ratio (TTM)||8.25|
|Earnings Date||Jul 24, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||0.50 (2.04%)|
|1y Target Est||29.67|
Credit Suisse analyst Craig Siegenthaler upgraded Apollo Global Management to Outperform from Neutral, and downgraded both KKR and Carlyle Group to Neutral.
KKR, a leading global investment firm, and Western Natural Resources, LLC ("Western") today announced a new partnership to acquire producing and undeveloped oil and gas assets in the Williston Basin. The Williston Basin includes meaningful existing production and high quality, well-defined remaining drilling inventory well suited to KKR’s Energy Real Assets strategy, which prioritizes the generation of free cash flow and strong asset level returns in the upstream oil and gas sector. Western’s CEO Heath Mireles and his team bring extensive operating experience to the partnership, having drilled, completed and operated thousands of wells over the Williston Basin’s long history.
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.
KKR & Co. Inc. (“KKR”) (KKR) today announced that it has priced an offering of €650,000,000 aggregate principal amount of its 1.625% Senior Notes due 2029 (the “notes”) issued by KKR Group Finance Co. V LLC, its indirect subsidiary. The notes are to be fully and unconditionally guaranteed by KKR & Co. Inc. and its subsidiaries, KKR Management Holdings L.P., KKR Fund Holdings L.P. and KKR International Holdings L.P. KKR intends to use the net proceeds from the sale of the notes for general corporate purposes, including to fund potential acquisitions and investments in Europe. The notes were offered to buyers outside the United States pursuant to Regulation S and to qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).
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 ...
SemCAMS Midstream ULC (“SemCAMS Midstream”) today announced it has entered into an asset joint venture with Keyera Corp. to construct a natural gas liquids (“NGL”) and condensate pipeline system to connect the liquids-rich Montney and Duvernay production areas of northwestern Alberta to the fractionation and condensate hubs in Fort Saskatchewan, Alberta. This pipeline system provides producers additional and alternative transportation solutions to meet growing production and is supported by long-term contracts with significant take-or-pay commitments.
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).
Spur Energy Partners LLC (“Spur”) and KKR, a leading global investment firm, today announced the formation of a partnership to acquire large, high-margin oil and gas production and development assets across the Lower 48. The companies also announced the signing of a definitive agreement to acquire the Permian Northwest Shelf assets of Percussion Petroleum LLC. Spur is led by CEO Jay Graham, co-founder and former CEO of WildHorse Resource Development Corporation (“WRD”), along with a core team of executives and key technical personnel from WRD who have worked together for many years through multiple successful upstream oil and gas ventures. Spur intends to apply its proven expertise to acquire and enhance assets across the Lower 48 by combining strong commercial capabilities with a focus on operational efficiency and technical execution.
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.
Global investment firm KKR and leading Australian online business management company MYOB Group Limited today announced the completion of the previously announced acquisition of MYOB by KKR.
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 […]
KKR and Harlem Capital Partners (HCP) have launched a partnership to provide a pathway for talented women and minorities who are early-career professionals, undergraduates or MBA candidates, to increase their presence in the investment management industry. Under the new partnership, HCP will refer candidates and former interns to KKR for consideration in its internship and full-time hiring programs. KKR is eager to partner with HCP to identify candidates who are interested in careers in investment management.
Jay Horgen, the current president and chief financial officer, will take the helm after the shareholder meeting at the end of May.
8S Capital Holdings Pte. Ltd. (the “Offeror”) today announced its intention to make a voluntary conditional cash offer (the “Offer”) for all the issued and paid-up ordinary shares (the “Shares”) of 800 Super Holdings Limited (5TG.SI) (“800 Super” or the “Company”) other than those Shares held by the Offeror as at the date of the Offer (the “Offer Shares”).
India Grid Trust (“IndiGrid” or the “InvIT”), India’s leading infrastructure investment trust, today announced the closing of a preference unit issuance worth INR2,514 crores (US$363 million). As part of the transaction, KKR and GIC have invested INR 1084 crores (US$157 million) and INR 980 crores (US$142 million), respectively, to collectively own 42% of IndiGrid’s outstanding units. KKR has also applied to become a Sponsor of IndiGrid and plans to acquire an additional 15% of IndiGrid’s total units from Sterlite Power.
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