Kkr & Co Inc Stock Price, News & Analysis

KKR has announced an agreement to acquire Flow Control Group, a prominent distributor specializing in flow control and industrial automation products, from Bertram Capital. Based in Charlotte, NC, Flow Control Group serves over 10,000 customers and 2,000 suppliers across North America. KKR anticipates enhancing Flow Control's market reach and operational capabilities while focusing on employee engagement and ownership models. This acquisition, part of KKR's Americas XII Fund, underscores their commitment to growing companies in the industrial sector.

Optiv Security has announced enhanced capabilities to assist clients in navigating the Cybersecurity Maturity Model Certification (CMMC), a crucial set of DOD regulations for over 300,000 defense contractors. General David Petraeus emphasized the increasing cyber threats and the need for upgraded defenses. With full CMMC implementation expected by 2025, the DOD has mandated self-assessments for contractors, critical for bidding on contracts. Optiv aims to help organizations view CMMC as more than a compliance requirement, urging early action to safeguard against emerging risks.

KKR & Co. (NYSE: KKR) has announced that Robert Lewin, CFO, will be presenting at the Credit Suisse 22nd Annual Financial Services Forum on February 25, 2021, at 9:40 AM ET. Investors can access a live audio webcast of the event through KKR's Investor Center on their website. A replay will also be available shortly after the presentation for those unable to attend live. KKR is a global investment firm focused on alternative asset management and capital markets, aiming for attractive returns through disciplined investment strategies.

KKR & Co. Inc. (NYSE: KKR) announced its fourth quarter and full year 2020 results today, available on its Investor Center webpage. A conference call is scheduled for February 9, 2021, at 10:00 a.m. ET to discuss the financial performance, which will be accessible via phone and online. KKR, a prominent global investment firm, specializes in alternative asset management and offers various financial solutions through its insurance subsidiaries and investment funds, including private equity and credit investments.

KKR & Co. Inc. has successfully closed its transaction with Global Atlantic Financial Group, valuing the latter at approximately $4.7 billion. KKR will manage roughly $90 billion of Global Atlantic's assets, which have seen a 25% growth since the announcement in July 2020, primarily from reinsurance transactions. Global Atlantic will operate as a subsidiary of KKR with a 60% controlling interest. The partnership aims to enhance Global Atlantic's market position and access to long-term capital, while retaining its leadership team.

FS KKR Capital Corp. (FSK) and FS KKR Capital Corp. II (FSKR) announced preliminary financial results for Q4 2020, reflecting an active investment environment. FSK estimates a net asset value per share of $24.95 to $25.05, up from $24.46 in Q3. Estimated net investment income per share is between $0.59 and $0.61, exceeding guidance of $0.57. FSKR estimates its net asset value per share at $25.00 to $25.10, compared to $24.66 previously, with estimated net investment income at $0.57 to $0.59, above guidance of $0.52 to $0.55. Earnings calls are scheduled for March 2, 2021.

KKR announced the second round of grants from its $50 million KKR Relief Effort, designed to assist those impacted by the COVID-19 pandemic. This round includes $10,000 grants for 52 small businesses across the U.S., Europe, and Asia Pacific, with 85% women-owned and 60% owned by underrepresented groups. Additionally, over $7.5 million was allocated to 35 nonprofits addressing pandemic-related challenges. KKR's initiatives aim to support small businesses, enhance community efforts, and drive future growth, with applications open for further assistance.

KKR & Co. Inc. (NYSE: KKR) will release its fourth quarter and full year 2020 financial results on February 8, 2021, after market close. A conference call to discuss these results is scheduled for February 9, 2021, at 10:00 a.m. ET, which can be accessed via telephone or online through KKR’s Investor Center. A supplemental slide presentation will also be available. KKR is a leading global investment firm managing alternative asset classes, focusing on generating attractive investment returns through a disciplined investment approach.

Belk, based in Charlotte, entered a Restructuring Support Agreement (RSA) with principal owner Sycamore Partners and lenders to recapitalize the business. The plan aims to reduce debt by $450 million and extend loan maturities to July 2025. Sycamore will maintain majority control, with $225 million in new financing from Sycamore, KKR, and Blackstone Credit. The restructuring will be expedited under Chapter 11, expected to be completed by February end. Suppliers will remain unaffected, as Belk continues normal operations while enhancing its omnichannel shopping experience.