Kkr & Co Inc Stock Price, News & Analysis

KKR has announced its agreement to acquire Teaching Strategies, a leading provider of early childhood education solutions, from Summit Partners. The transaction aims to leverage KKR's expertise to enhance Teaching Strategies' offerings and expand its impact in the ECE market. Teaching Strategies, established in 1988, serves over 15 million children globally with its comprehensive digital early learning platform. Although the financial details of the acquisition remain undisclosed, KKR views this investment as a critical step in advancing early childhood education.

KKR released its 2021 mid-year outlook by CIO Henry McVey, emphasizing that the post-pandemic economy will differ significantly from the past. McVey noted that a new investment strategy focusing on pricing power and collateral-based cash flows is essential. Key drivers include accommodative monetary policy, sustained global fiscal stimulus, rising input costs, lower real rates, an inflationary shift due to energy transition, and record consumer savings set to be spent. The full report and prior publications are accessible online.

KKR has entered into an agreement with Telefónica Colombia to establish the first independent nationwide open access wholesale digital infrastructure company in Colombia. This partnership aims to expand broadband access by acquiring a majority stake in Telefónica's fiber optic network. With an investment estimated at $500 million, the objective is to increase fiber coverage from 1.2 million homes to at least 4.3 million by the end of 2024. The network will offer ultra-fast internet, improving digital access for underserved areas and supporting potential growth in 5G connectivity.

FS KKR Capital Corp. (NYSE: FSK) will release its second quarter 2021 results after trading on August 9, 2021. A conference call is scheduled for 9:00 a.m. ET on August 10, 2021, to discuss the results, accessible via phone and webcast. An investor presentation will be published on the company's website after the earnings release. FS KKR is focused on providing credit solutions to middle-market companies, boasting approximately $15 billion in assets under management.

KKR has successfully acquired a majority stake in Vini Cosmetics, a key player in India's personal care market. Vini's founders retain significant ownership, with Darshan Patel continuing as Chairman and Dipam Patel as Vice Chairman. KKR aims to leverage its expertise and global network to enhance Vini's product offerings and expand its distribution, focusing on e-commerce and new product categories while tapping into the growing demand for quality personal care products.

Global Atlantic Financial Group announced a USD $4.8 billion reinsurance transaction with AXA China Region Insurance. This deal, which closed on July 12, involves the reinsurance of a closed block of whole life insurance policies backed by USD $4.8 billion in assets. AXA will service these policies, marking Global Atlantic's first international block reinsurance deal. The company has now reinsured approximately $65 billion in assets since its inception in 2004, enhancing its position as a leading U.S. reinsurance provider.

KKR has announced the acquisition of The District at Scottsdale, a 332-unit Class A residential building, enhancing its residential portfolio in the Phoenix area to over 2,600 units valued at approximately $650 million. This acquisition is part of KKR's strategy to invest in high-growth markets, with a total of $1.2 billion allocated to Class A apartments in the last 10 months. RPM Living will manage the property, which is situated in a prime location near upscale shopping and dining, signifying KKR's commitment to the Phoenix market.

KKR has announced its agreement to acquire Neighborly®, the largest provider and franchisor of home service brands, from Harvest Partners. This acquisition aims to strengthen Neighborly's position in the market, which includes over 4,800 franchises serving more than 10 million customers across various service categories. The deal is expected to close in Q3 2021, pending regulatory approvals. Both KKR and Neighborly's leadership are optimistic about the growth potential and strategic synergies this merger brings, especially as they focus on delivering exceptional customer service.

KKR has announced the final closing of KKR Real Estate Partners Europe II (REPE II), a fund dedicated to real estate investments in Western Europe, with a total capital of US$2.2 billion. This successor to KKR Real Estate Partners Europe I significantly surpasses the original fund's $739 million commitment. With over $700 million already committed to logistics and residential opportunities, KKR's European platform is poised for growth. REPE II has garnered diverse global investor support, underlining confidence in KKR's expertise and strategy.