Kkr & Co Inc Stock Price, News & Analysis

KKR has launched the Highways Infrastructure Trust (HIT), its third infrastructure investment trust in India, focusing on roads. This new initiative strengthens KKR's presence in the transportation, renewable energy, and power sectors. HIT's initial portfolio includes six road assets spanning over 450 kilometers across six states, valued collectively at over $3.8 billion. The trust has received a 'Provisional AAA/Stable' rating from CRISIL, indicating a strong revenue track record and favorable asset locations. KKR's ongoing investments since 2009 underscore its commitment to India.

Digital Diagnostics has successfully closed a $75 million Series B funding round led by KKR, bringing its total investment raised to over $130 million. The funding will accelerate product development, distribution, and sales. KKR, along with new and existing investors, will enhance the company’s governance with board appointments. The company aims to democratize healthcare through its AI diagnostic platform, IDx-DR, which is designed to detect diabetic retinopathy at the point-of-care.

KKR has made a significant structured investment in Arevia Power, a U.S. renewable energy developer, with backing from GCM Grosvenor. This investment aims to accelerate the development of new solar and wind projects across the U.S. Arevia, founded in 2015, is advancing a multi-gigawatt renewable portfolio and implements a Responsible Contractor Policy to promote a skilled workforce. KKR has allocated over $15 billion to renewables since 2011, targeting projects that support environmental sustainability and comply with renewable standards.

Optiv has secured a significant enterprise contract under Shared Services Canada's cybersecurity procurement vehicle for its network device authentication (NDA) solution. This innovative solution is designed to improve the management of device certificates across federal government IT infrastructures. With an expected 1.5 million devices connected to Canada's infrastructure within four years, the NDA project aims to automate device management, thus mitigating operational and security risks. Optiv is collaborating with Venafi and Crypto4A to enhance network security and ensure a robust machine identity management strategy.

The merger between Level Access and eSSENTIAL Accessibility creates a leading platform for digital accessibility management. This strategic alliance aims to accelerate the adoption of digital accessibility solutions, addressing the needs of over one billion people globally. The combined company's efforts align with increasing legal requirements for digital accessibility, particularly in the U.S. KKR, the lead investor, emphasizes strong growth prospects in this sector. Tim Springer will serve as CEO, with Mark Steele as President, focusing on delivering comprehensive solutions for organizations.

Global Atlantic Financial Group announced a reinsuring agreement with Equitable Financial Life Insurance Company, involving the transfer of approximately $3 billion in assets. This deal focuses on a subset of Equitable's group retirement annuities, which collectively hold $10 billion in value. The transaction is expected to conclude in the fourth quarter, pending regulatory approvals. This is Global Atlantic's second reinsurance deal in 2022, furthering its position in the reinsurance market with approximately $80 billion of assets reinsured since 2004.

KKR has completed the acquisition of Barracuda Networks, a provider of cloud-first cybersecurity solutions, from Thoma Bravo. Although financial terms were not disclosed, this acquisition aims to support Barracuda's growth and enhance its cybersecurity offerings targeted at small and medium enterprises. KKR expresses excitement about collaborating with Barracuda to address evolving cybersecurity challenges. The acquisition underscores Barracuda's strong performance and the strategic support provided by Thoma Bravo over the past four years.

KKR has successfully acquired two industrial properties in the Atlanta and Dallas-Fort Worth metropolitan areas for approximately $300 million. The Atlanta property includes four Class A warehouses totaling 1.1 million square feet, while the Dallas acquisition consists of two Class A warehouses built in 2017, totaling 1.0 million square feet. Both properties are fully leased to high-quality tenants. KKR's strategy reinforces its commitment to quality industrial real estate, with $7 billion committed to logistics assets since 2018, underlining its growth in key U.S. markets.

KKR, a global investment firm, has sold a portfolio of 13 distribution properties in Chicago, comprising approximately 1.7 million square feet of warehouse space. The assets feature average clear heights of 24 feet and are strategically located in the Chicago metropolitan area. KKR acquired these properties in December 2020 and has invested over $7 billion in U.S. logistics assets since 2018. The transaction reflects KKR's strong demand for last-mile logistics real estate, positioning the firm as a significant player in the industrial real estate market.