Kkr & Co Inc Stock Price, News & Analysis

Columbus McKinnon (NASDAQ: CMCO) has announced a definitive agreement to acquire Kito Crosby in an all-cash transaction valued at $2.7 billion. The transaction is expected to close later this year, funded by $2.6 billion in debt financing and an $0.8 billion perpetual convertible preferred equity investment from CD&R.

The combined company is projected to generate annual revenue of $2.1 billion and Adjusted EBITDA of $486 million. The merger is expected to create approximately $70 million in annual net cost synergies and improve Adjusted EBITDA margins to over 23%. The company aims to reduce its Net Leverage Ratio from 4.8x to approximately 3.0x within two years post-closing.

Kito Crosby, currently owned by KKR, operates globally with nearly 4,000 employees serving over 50 countries and generated $1.1 billion in revenue in 2024. The merger will enhance Columbus McKinnon's position in material handling solutions with expanded presence in key verticals and geographies.

XOi, a provider of jobsite-focused technology solutions, has announced the acquisition of Specifx, an on-demand data enrichment platform for field service equipment, backed by a strategic investment from KKR. This marks XOi's largest funding milestone to date.

The acquisition and investment will enhance XOi's capabilities across field service industries, supporting technicians, service providers, distributors, and OEMs. Specifx's integration will strengthen XOi's Insights product, providing enhanced asset origination, performance, and diagnostics information.

The combined resources will deliver a unified framework of proprietary and operational data to drive innovation in the mechanical, electrical, and plumbing industries. KKR's investment comes primarily from its Next Generation Technology III Fund, with the deal supported by Bass, Berry & Sims as legal advisor and Raymond James Financial as financial advisor to XOi.

KKR has announced an increase in its Second Tender Offer price for FUJI SOFT shares to 9,850 yen per share, up from 9,451 yen. The tender offer period has been extended to February 19, 2025. The increased price represents various premiums, including 33.29% over the August 7, 2024 closing price.

The decision aims to resolve uncertainty around FUJI SOFT's privatization, considering the company's elevated share price which has remained above both KKR's previous offer and Bain Capital's announced price of 9,600 yen. KKR will provide financial compensation to First Tender Offer participants within the previously announced make-whole amount of 651 yen per share.

The new offer price also includes adjusted amounts for share options: 1,277,000 yen per 5th Series Share Option, 1,139,600 yen per 6th Series Share Option, and 333,100 yen per 7th Series Share Option.

KKR & Co (NYSE: KKR) has announced its fourth quarter 2024 financial results, which have been made available on the company's investor relations website. The company will host a conference call on February 4, 2025, at 10:00 a.m. ET to discuss these results.

KKR operates as a global investment firm providing alternative asset management, capital markets, and insurance solutions. The firm manages investment funds focused on private equity, credit, and real assets, while also overseeing strategic partnerships in hedge fund management. Through its insurance subsidiaries under Global Atlantic Financial Group, KKR offers retirement, life, and reinsurance products.

Henry Schein (HSIC) announced a strategic investment from KKR, which will become the company's largest non-index fund shareholder with a 12% position through a $250 million investment. KKR can increase its stake to 14.9% through open market purchases.

The company reported preliminary Q4 2024 results with revenue of $3.2 billion and full-year 2024 revenue of $12.7 billion. Q4 GAAP EPS was $0.74, while non-GAAP EPS reached $1.19. Full-year 2024 GAAP EPS was $3.05, with non-GAAP EPS at $4.74.

For 2025, Henry Schein projects low to mid-single digit growth in both revenues and non-GAAP EPS. The company also announced a $500 million increase to its share repurchase program, with $250 million to be executed through accelerated share repurchases.

KKR & Co (NYSE: KKR) has announced that Chief Financial Officer Robert H. Lewin will present at the Bank of America Securities 2025 Financial Services Conference on Tuesday, February 11, 2025, at 3:30 p.m. ET.

The presentation will be accessible through a live webcast on KKR's website Investor Center section, with a replay available shortly after the event. KKR's Investor Relations team will handle any webcast-related inquiries.

KKR operates as a leading global investment firm providing alternative asset management, capital markets, and insurance solutions. The firm manages investment funds focused on private equity, credit, and real assets, while also overseeing strategic partnerships in hedge fund management. Through its insurance subsidiaries under Global Atlantic Financial Group, KKR offers retirement, life, and reinsurance products.

KKR Income Opportunities Fund (NYSE: KIO) has declared monthly distributions of $0.1215 per common share for February and March 2025. Based on the Fund's current share price of $12.96, this represents an annualized distribution rate of 11.25%.

The distribution schedule includes revised dates for February: Ex-Date and Record Date on February 6, 2025 (changed from February 14), with payment on February 28, 2025. March distributions maintain Ex-Date and Record Date on March 14, 2025, with payment on March 31, 2025.

The Fund notes that distributions may come from various sources, including net investment income, short-term capital gains, long-term capital gains, or return of capital. Final source determination will be made after year-end through Form 1099-DIV.

KKR (NYSE: KKR) has announced that Chief Financial Officer Robert H. Lewin will present at the 2025 UBS Financial Services Conference on Monday, February 10, 2025, at 1:50 p.m. ET. The presentation will be accessible through a live webcast on KKR's Investor Center website, with a replay available shortly after the event.

KKR is a global investment firm specializing in alternative asset management, capital markets, and insurance solutions. The firm manages investment funds focused on private equity, credit, and real assets, while also partnering with hedge fund managers. Through its insurance subsidiaries under Global Atlantic Financial Group, KKR offers retirement, life, and reinsurance products.

KKR has appointed Guy Metcalfe as Senior Advisor to support its global real estate investment activities. Metcalfe, former Managing Director at Morgan Stanley and Global Chairman of its real estate investment banking business, brings over 30 years of experience, having been involved in transactions worth more than $850 billion across multiple geographies.

In his role, Metcalfe will leverage his extensive real estate and capital markets expertise to support KKR's platform growth and strategic initiatives. KKR's global real estate business currently manages over $80 billion in assets as of September 30, 2024, with more than 140 dedicated real estate investment and asset management professionals across 16 offices.