Kkr & Co Inc Stock Price, News & Analysis

Global Atlantic Financial Group has been featured in Barron's 100 Best Annuities Guide for the third consecutive year. The company's subsidiary, Forethought Life Insurance Company, was recognized in four categories: Deferred-Income Annuities, Fixed-Indexed Annuity Income Guarantees, Registered Index-Linked Annuities (RILA), and Fixed-Indexed Annuities.

The highlighted products include:

• ForeCertain Income Annuity
• ForeIncome II Fixed Index Annuity
• ForeAccumulation II Advisory Fixed Index Annuity
• ForeStructured Growth Registered Index-Linked Annuity

These annuities offer various features, from guaranteed lifetime income to growth potential with market protection. Global Atlantic emphasizes its commitment to providing innovative retirement solutions that cater to different individual needs and goals.

KKR, a leading global investment firm, has announced plans for a tender offer to acquire all outstanding shares of FUJI SOFT INCORPORATED, a prominent Japanese system integrator. The offer, made through KKR's entity FK Co., , proposes a price of JPY 8,800 per share, representing a significant premium over recent stock prices. The transaction, primarily financed by KKR's Asian Fund IV, is expected to commence in the second half of 2024, subject to regulatory approvals.

FUJI SOFT, with a team of over 10,000 system engineers, specializes in embedded, control, and operational software and systems. The acquisition aligns with FUJI SOFT's five-year plan to become a leading provider in IT and operational technology fields. KKR aims to leverage its global platform and industry expertise to accelerate FUJI SOFT's growth and enhance value for Japanese businesses.

KKR has announced the acquisition of WPP's full equity position in FGS Global, valuing the company at $1.7 billion. This move builds on KKR's initial minority investment in July 2023 and is supported by FGS management. The transaction will result in FGS becoming a standalone communications and public affairs consultancy, with over 500 employee shareholders holding approximately 26% equity interest.

KKR's investment, made primarily through its European Fund VI, aims to support FGS's long-term growth and extend its position as a leading global advisor to Boards and C-suites. The existing FGS leadership team will continue to manage the partner-led firm, with KKR committed to maintaining FGS's independence and client confidentiality standards.

The deal is expected to close by the end of the year, subject to regulatory approvals and customary closing conditions.

FS KKR Capital Corp. (NYSE: FSK) announced its Q2 2024 results and declared a Q3 2024 distribution of $0.70 per share. Key highlights include:

- Net investment income of $0.77 per share
- Adjusted net investment income of $0.75 per share
- Net asset value of $23.95 per share
- Total net realized and unrealized loss of $0.39 per share
- Earnings per Share of $0.37
- Total purchases of $1,260 million vs $1,336 million of sales and repayments
- Net debt to equity ratio at 109%

The company's total fair value of investments was $14.1 billion, with 66% invested in senior secured securities. The weighted average annual yield on accruing debt investments was 12.3%. FSK's board expects to distribute a minimum of $2.90 per share during 2024.

Körber Supply Chain Software, a joint venture between Körber AG and KKR, has signed a binding agreement to acquire MercuryGate International Inc., a leading provider of transportation management systems (TMS). This strategic acquisition aims to strengthen Körber's supply chain software business by expanding its global supply chain execution solutions.

The combined portfolio will offer customers increased flexibility, scalability, and resiliency in managing complex global supply chains. Key benefits include:

• Connected solutions across inbound and outbound supply chain activities
• A resilient supply chain platform with improved visibility
• Simulation capabilities for evaluating future strategies

The acquisition is subject to customary closing conditions and regulatory approvals.

KKR & Co. Inc. (NYSE: KKR), a leading global investment firm, has released its second quarter 2024 financial results. The report is available on the company's website in the Investor Center section. KKR will host a conference call on July 31, 2024, at 10:00 a.m. ET to discuss the results. Investors can access the call via phone or live webcast on KKR's website. The company offers alternative asset management, capital markets, and insurance solutions through its various subsidiaries, including Global Atlantic Financial Group. KKR focuses on generating attractive investment returns through a disciplined approach and supporting growth in portfolio companies and communities.

Avantus, a leading U.S. developer of utility-scale solar and solar-plus-storage projects, has announced the completion of its acquisition by KKR, a global investment firm. Alongside this, Avantus has secured a $522 million development facility arranged by KKR Capital Markets and Sumitomo Mitsui Banking

This financial backing will fuel Avantus' growth and execution of its development portfolio, which now spans over 30 GWdc of solar and 94 GWh of energy storage across the Western United States. KKR and EIG, the sole equity investors in Avantus, have invested upwards of $1 billion through equity and debt commitments to support the company's expansion.

The acquisition and funding aim to accelerate the deployment of Avantus' pipeline, including some of the nation's largest solar and energy storage projects, capitalizing on the increasing demand for clean energy driven by factors such as data center growth and artificial intelligence advancements.

Instructure Holdings, Inc. (NYSE: INST), a leading learning ecosystem, has announced its acquisition by KKR for $4.8 billion. The all-cash transaction values Instructure at $23.60 per share, representing a 16% premium over its unaffected share price. KKR, with participation from Dragoneer Investment Group, will acquire all outstanding shares, including those owned by Thoma Bravo, Instructure's existing majority owner.

The current management team, led by CEO Steve Daly, will continue to lead the company. KKR plans to support Instructure's growth strategy, focusing on core markets and building the Instructure Learning Ecosystem. The transaction is expected to close later this year, subject to regulatory approvals and shareholder consent. Upon completion, Instructure will become a privately held company and delist from the NYSE.

KKR, a leading global investment firm, has acquired Marmic Fire & Safety from HGGC. Marmic specializes in fire equipment inspection, testing, and maintenance services for over 56,000 customers across various sectors in the U.S. The company, founded in 1951, plays a important role in ensuring customer safety and regulatory compliance.

Key highlights:

• KKR plans to implement a broad-based employee ownership program at Marmic
• The acquisition is part of KKR's Ascendant Strategy, focusing on middle market businesses in North America
• Marmic will continue to operate as an independent company backed by KKR
• Financial terms of the deal were not disclosed

This acquisition aligns with KKR's strategy of employee engagement as a driver for building stronger companies, having previously awarded billions in equity value to over 100,000 non-senior management employees across its portfolio.