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.
Bettcher Industries has announced a definitive agreement to acquire Frontmatec from Axcel, supported by additional capital from KKR. This acquisition aims to enhance Bettcher's food processing automation platform, expanding its presence in Europe. Frontmatec, headquartered in Denmark, specializes in automated solutions for pork and beef processing. Bettcher's CEO, Tim Swanson, emphasized the strategic fit of Frontmatec’s capabilities. The deal is expected to close in the second half of 2022, subject to regulatory approvals.
Semperis, a leader in identity-driven cyber resilience, has secured over $200 million in Series C funding led by KKR. This funding aims to enhance hiring and accelerate research and development for its identity-focused incident response team. Recognized as the fastest-growing cybersecurity firm by Financial Times, Semperis addresses increasing cyber threats targeting identity systems like Microsoft Active Directory. The investment positions Semperis for growth amid rising identity-related cyberattacks.
Global Atlantic Financial Group announced that Paula Nelson, Managing Director & Head of Growth Strategy, received the 2022 Industry Champion of Retirement Security award from the Insured Retirement Institute (IRI). This award recognizes individuals who enhance retirement security in the U.S. through advocacy and education. Nelson has over 35 years of experience and has been pivotal in the organization’s success in annuity distribution. Global Atlantic, a majority-owned subsidiary of KKR, is committed to providing secure retirement solutions.
KKR released the report Regime Change: Enhancing the ‘Traditional’ Portfolio, authored by Henry McVey and Racim Allouani. The report emphasizes a shift in investment approaches due to rising interest rates, inflation, and geopolitical risks. KKR advocates revising the traditional 60/40 portfolio model, suggesting a 40/30/30 composition to enhance returns and manage risk. The new model allocates 10% to private infrastructure, 10% to private real estate, and 10% to private credit. This strategy is proposed to offer better performance during inflationary periods while maintaining liquidity.
KKR & Co. Inc. (NYSE: KKR) announced that Co-CEO Scott C. Nuttall will present at the Alliance Bernstein 38th Annual Strategic Decisions Conference on June 1, 2022 at 11:00 AM ET. A live webcast will be accessible through KKR's Investor Center, with a replay available afterward. KKR is a global investment firm focused on alternative assets and capital markets, aiming for attractive returns and supporting portfolio growth.
KKR has announced a significant majority investment in Alchemer, a leader in Customer Experience (CX) and voice-of-the-customer technology. This investment aims to accelerate Alchemer's growth through enhanced marketing, product innovation, and strategic partnerships. Alchemer, serving over 13,000 global clients, including Fortune 500 companies, is expected to leverage KKR's expertise and resources to improve customer engagement. The financial details remain undisclosed, but the collaboration marks KKR's first investment under its new Ascendant strategy targeting middle-market businesses.
Alliance Pharma has announced its acquisition of DDS, a UK-based Bioanalytical Business Unit of LGC, with KKR joining Ampersand Capital Partners as an equal shareholder. The deal, valued at $4 billion, aims to enhance the combined firm's geographic reach and laboratory capabilities. The transaction is pending regulatory approval and is expected to close in Q2 2022. This strategic move will facilitate the delivery of advanced bioanalytical services in emerging fields like cell and gene therapy.
KKR announced the sale of C.H.I. Overhead Doors to Nucor Corporation for $3.0 billion, marking a 10x return on invested equity. C.H.I. employees will receive substantial payouts from their equity, averaging $175,000 per employee. KKR transformed C.H.I. from 2015, with EBITDA growing nearly 4x and revenue increasing by almost 120%. The transaction awaits regulatory approval and is set to close in late Q2 or early Q3 2022.
KKR has acquired five new self-storage properties totaling approximately 4,100 units for around $98 million. The properties are located in Phoenix, Dallas, San Antonio, and Palm City, reflecting KKR's strategy to expand its portfolio in high-growth Sunbelt markets. These acquisitions were made through KKR's opportunistic equity real estate fund, KKR Real Estate Partners Americas III. Since 2011, KKR has increased its real estate assets under management to about $59 billion, emphasizing a disciplined investment approach.
KKR & Co. Inc. (NYSE: KKR) has priced an offering of $750,000,000 aggregate principal amount of 4.850% Senior Notes due 2032. The notes will be wholly guaranteed by KKR and its subsidiary, KKR Group Finance Co. XII LLC. Proceeds from this offering will be utilized for general corporate purposes. The notes will be offered primarily to qualified institutional buyers under Rule 144A and outside the U.S. under Regulation S. It is emphasized that these notes are not registered under the Securities Act and are subject to specific regulations.