Kkr & Co Inc Stock Price, News & Analysis

KKR has signed a definitive agreement to acquire a majority stake in Refresco Group B.V, a leading independent beverage solutions provider. Existing investors PAI Partners and British Columbia Investment Management Corporation will retain minority positions. KKR's investment aims to expand Refresco's global footprint, enhance operational capabilities, and meet the growing demand for sustainable beverage solutions. The transaction's terms remain undisclosed, but it is poised to support Refresco's growth and innovation strategies across various regions.

KKR has announced a recapitalization of a $1.7 billion portfolio of Class A office properties through its partner Global Atlantic Financial Group, aimed at enhancing Drawbridge Realty's investment capabilities. The partnership will allow Drawbridge to seek new high-quality investment opportunities, targeting a portfolio size increase over the next 2-3 years. Drawbridge's portfolio includes 5.4 million square feet of office space, over 95% leased to top corporate tenants. KKR retains its stake in Drawbridge, which has thrived since their initial collaboration in 2014.

KKR has appointed Neil Chatterjee, former FERC Chairman, as an Industry Advisor for its Global Infrastructure team. With nearly two decades in energy policy, Chatterjee will enhance KKR's investment strategy and support its portfolio. KKR has overseen about $40 billion in infrastructure assets since founding this strategy in 2008. Raj Agrawal, KKR's Global Head of Infrastructure, expressed enthusiasm for Chatterjee's expertise, particularly in enhancing the resilience of the U.S. power grid.

KKR has released a new macro report titled Labor in Transition, authored by CIO Henry McVey. It examines how significant labor market shifts are elevating inflation rates, shifting capital allocation strategies. Key findings include the U.S. labor market being the tightest in 50 years, with a likely permanent shortfall of 2.1 million workers. The report forecasts a 2022 U.S. CPI of 6.0%, up from 5.0%, and a 10-year rate target of 2.25%. KKR advises investors to lean into inflation-protected assets and emphasizes tilting towards value rather than growth in public equities.

KKR has expanded its self-storage platform with the acquisition of three Class A self-storage properties totaling approximately 2,000 units across Atlanta, Georgia; St. Petersburg, Florida; and Alexandria, Virginia. The aggregate purchase price for these properties was around $70 million. This move marks KKR's entry into the St. Petersburg and Washington D.C. markets and strengthens its presence in Atlanta. With this addition, KKR's self-storage portfolio now exceeds 13,500 units. The firm manages approximately $41 billion in real estate assets globally.

KKR & Co. Inc. (NYSE: KKR) has announced its fourth quarter and full year 2021 results, which can be viewed on their Investor Center website. A conference call will take place today, February 8, 2022, at 10:00 a.m. ET to discuss these financial results. Interested parties can access the call via phone or livestream. KKR is a global investment firm specializing in alternative asset management, credit, and insurance solutions, focusing on generating attractive investment returns and supporting portfolio growth.

Livspace, a leading omni-channel home interior platform in Asia, announced a US$180 million Series F funding round with KKR as the lead investor. Existing investors, including Ingka Group Investments and Jungle Ventures, also participated. Livspace aims to scale its business significantly in India and Singapore, intending to double down on brand building and technology development. Recently, it acquired a majority stake in Qanvast, enhancing its service offerings. This investment aligns with KKR's strategy to support tech-enabled growth in Asia.

Kilter Finance has announced a $40 million investment in Best Practices Medical Partners LLC (BPMP). This capital will primarily enhance BPMP's risk retention group, Applied Medico-Legal Solutions Risk Retention Group, Inc. (AMS RRG), which recently received an A- rating from AM Best. The funding aims to increase AMS RRG's surplus and support strategic initiatives in their medical professional liability insurance business. Kilter Finance, backed by KKR, has previously committed $200 million to various businesses across the UK and USA.

Resource Environmental Solutions (RES), the largest ecological restoration company in the U.S., has secured a significant investment from Onex Partners V and KKR to fuel its growth. With a fund value of $7.2 billion, this partnership aims to expand RES's capabilities in environmental mitigation, stormwater management, and climate resilience. The transaction, expected to close in Q1 subject to regulatory approvals, positions RES for enhanced market reach and product line diversification, focusing on coastal resilience and carbon solutions.