Kkr & Co Inc Stock Price, News & Analysis

KKR has appointed Dinesh Paliwal, former CEO of HARMAN International, as a Partner in its global private equity division. Paliwal will leverage his experience to identify investment opportunities in the industrial, consumer, and automotive sectors and support KKR's portfolio companies. Henry Kravis, Co-CEO, praised Paliwal's leadership at HARMAN, where he significantly enhanced its market position. With over three decades of experience and board roles at prominent companies, Paliwal aims to contribute to KKR's growth and success in the private equity space.

KKR has successfully acquired Park 12 Hundred, a 290,000 square foot industrial park in Westminster, Colorado, marking its first industrial investment in the Denver market. The property, completed in 2018, benefits from prime location near Interstate 25, allowing quick access to downtown Denver. KKR's investment is part of its Americas opportunistic equity real estate strategy, which now encompasses over 32 million square feet of industrial assets across the U.S. KKR, managing approximately $28 billion in real estate assets globally, aims to capitalize on Denver's strong population growth and industrial demand.

Paige, a leader in AI-based pathology diagnostics, has secured over $125 million in Series C funding, with KKR joining as a co-lead investor alongside Casdin Capital and Johnson & Johnson Innovation. The new capital will help expand Paige's geographic footprint and drive the development of AI clinical applications and diagnostics. Paige aims to transform the diagnostics space through advanced technology, enhancing decision-making for healthcare professionals. KKR's investment comes from its Health Care Strategic Growth Fund, focusing on high-growth companies in healthcare.

KKR & Co. Inc. (NYSE: KKR) has appointed Arturo Gutiérrez and Dane Holmes to its Board of Directors, increasing the number of independent directors to nine out of a total of thirteen seats. Gutiérrez is the CEO of Arca Continental, a major Coca-Cola bottler in Latin America, while Holmes is the CEO and Co-Founder of Eskalera Inc. and a former leader at Goldman Sachs. This move aims to strengthen KKR's leadership and governance as it continues to pursue attractive investment returns through its global investment strategies.

Integrated Specialty Coverages (ISC) announced that KKR will acquire a majority interest in the company, which specializes in advanced insurance distribution through AI and data analytics. Sightway Capital, the current majority stakeholder, will retain a minority stake. ISC, founded in 2017, generates around $300 million in specialty premium annually and partners with over 5,000 agencies. This acquisition aims to leverage KKR's extensive resources to expand ISC's technology and market reach while maintaining current management under CEO Matt Grossberg.

KKR has released a sequel to its 2021 Global Macro Outlook titled “Another Voice,” authored by Henry McVey. The report emphasizes a favorable macroeconomic environment characterized by reflation without runaway inflation amidst a global recovery. Key insights include expectations of above-trend nominal growth, driven by consumer strength and capital expenditures, while cyclical inflation is anticipated but not a long-term concern. The report advocates a cyclical investment strategy favoring pricing power linked to global growth.

FS KKR Capital Corp. (NYSE: FSK) announced financial results for Q4 and year-end 2020, reporting a net investment income of $0.63 per share. Adjusted net investment income rose to $0.72 per share. The company declared a Q1 2021 distribution of $0.60 per share, payable on April 2, 2021. Total net realized and unrealized gains were $0.53 per share, a decline from Q3 2020. The net asset value increased to $25.02 per share. The total fair value of investments decreased to $6.78 billion. The company is optimistic about future prospects, especially following its proposed merger with FSKR.

KKR and Rakuten have successfully completed their acquisition of Seiyu GK from Walmart, resulting in KKR holding a 65% stake and Rakuten's subsidiary 20%. Walmart retains a 15% stake. This new ownership structure aims to leverage combined retail expertise and enhance Seiyu's digital transformation, targeting leadership in Japan's omnichannel market. Seiyu achieved record sales of JPY 785 billion in 2020, marking a 5.6% growth, with a nearly 5% EBITDA margin. The appointment of Tsuneo Okubo as CEO is expected to drive future growth and digital strategies.

Optiv Security has awarded its inaugural Black Employee Network (BEN) scholarship to Lauren Harris, a student-athlete from Omaha, Nebraska, who will study biology and computer science at Princeton. The scholarship provides $10,000 annually for four years. Additionally, three runner-ups will receive $500 grants for books. Optiv's CEO, Kevin Lynch, emphasized the importance of diversity in the industry, stating the company plans to sponsor four students concurrently in the future.