KKR & Co. Inc. reports developments across its global investment business, including alternative asset management, capital markets activity and insurance solutions. Company news commonly covers operating results, fund and strategy activity, portfolio investments, co-investment vehicles, debt financing, and capital-structure updates.
KKR sponsors investment funds in private equity, credit and real assets, works with strategic partners that manage hedge fund platforms, and operates insurance subsidiaries that offer retirement, life and reinsurance products through Global Atlantic Financial Group. Recent company updates also reflect activity in technology growth, sports, sustainable infrastructure and insurance-related platforms.
FS KKR Capital Corp. (NYSE: FSK) reported its financial results for Q4 and the year ending December 31, 2022. The company declared a first quarter 2023 distribution of $0.70 per share, including a base distribution of $0.64 and a supplemental of $0.06. Net investment income for Q4 was $0.80 per share, up from $0.76 in Q3, while adjusted net investment income increased to $0.81 per share. The net asset value decreased to $24.89 per share from $25.30 in Q3. The company experienced a total net realized and unrealized loss of $0.56 per share. As of December 31, total fair value of investments stood at $15.4 billion, with a net debt to equity ratio of 118%.
KKR has appointed Pete Stavros and Nate Taylor as the Global Co-Heads of its Private Equity business. Previously, both have led the Americas division since 2019. Their new roles aim to enhance global connectivity and bolster KKR’s investment strategies worldwide. The firm’s Private Equity assets have nearly doubled since 2019, reaching $165 billion as of December 31, 2022, with over 300 investment professionals managing more than 200 companies. Leadership highlights the duo's innovative approaches in value creation and employee ownership, which have significantly contributed to the firm’s success.
Gamma Biosciences has announced an agreement with Biotage AB, where Biotage will acquire Gamma's operating company, Astrea Bioseparations. This acquisition aims to create a global chromatography leader, enhancing Biotage's product offerings in the bioprocessing sector. The deal involves an enterprise value of approximately $190M in Biotage shares and up to $45M in milestone payments. Gamma will inject around $25M into Astrea, positioning KKR as Biotage's largest shareholder with 17% ownership. The transaction awaits shareholder approval and customary closing conditions.
Boasso Global and Quala have signed a merger agreement to create a major infrastructure services provider for the liquid bulk logistics industry. Supported by KKR's investment through its Global Infrastructure Investors IV fund, the merger aims to combine their services and geographical strengths in North America and Europe. Quala, a leader in tank cleaning and maintenance with 119 locations, has grown significantly since Advent International's 2016 investment. The merger, expected to close in H1 2023, will enhance service delivery and operational efficiency, benefiting customers and expanding market reach.
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KKR & Co. Inc. (NYSE: KKR) released its fourth quarter 2022 financial results. The results can be reviewed on KKR’s Investor Center website. A conference call discussing these results is set for February 7, 2023, at 10:00 a.m. ET, accessible to the public via phone and live streaming. KKR continues to implement its disciplined investment approach, providing attractive returns through diverse asset management strategies, including private equity and credit. Additionally, KKR’s insurance subsidiaries offer a spectrum of financial products, contributing to its overall business strategy.
KKR & Co. Inc. (NYSE: KKR) announced that Chief Financial Officer Robert H. Lewin will present at the Credit Suisse 24th Annual Financial Services Forum on February 14, 2023, at 10:15 AM ET. A live webcast of the presentation will be available on KKR's Investor Center website, with a replay accessible shortly after the event for those unable to attend live.
KKR is a leading global investment firm focused on alternative asset management and capital markets solutions, aiming to provide attractive investment returns through a disciplined approach. For more details, visit www.kkr.com.
KKR & Co. Inc. (NYSE: KKR) announced that Co-CEO Scott C. Nuttall will present at the Bank of America Financials Conference 2023 on Tuesday, February 14, 2023, at 8:50 AM ET. A live webcast of the presentation will be accessible on KKR’s Investor Center page, with a replay available shortly after the event for those who cannot attend live. KKR is a leading global investment firm specializing in alternative asset management and insurance solutions, aiming to generate competitive investment returns by employing a disciplined approach and supporting growth in its portfolio.
Groundworks, a leader in foundation repair and water management, has formed a strategic partnership with KKR, a global investment firm. This collaboration will enhance Groundworks' growth by expanding its equity ownership program, allowing over 4,000 employees to become stakeholders. Founded in 2016, Groundworks operates in 33 states and has served over one million customers. KKR's investment, primarily through its North America XIII Fund, is expected to close in Q1 2023, subject to regulatory approvals. Groundworks aims to strengthen its workforce engagement and is positioned for market expansion through organic growth and acquisitions.
KKR & Co. Inc. (NYSE: KKR) will release its financial results for Q4 2022 on February 7, 2023, before the opening of the NYSE. A conference call to discuss these results is scheduled for the same day at 10:00 a.m. ET. Interested parties can participate via phone or listen online through KKR's Investor Center. The replay will be available one hour after the live broadcast. KKR is a global investment firm specializing in alternative asset management, credit, and insurance solutions, aiming to deliver attractive investment returns through disciplined strategies.