Kkr & Co Inc Stock Price, News & Analysis

KKR has announced the formation of Zeus Health, a $100 million platform aimed at investing in emerging medical device companies, in collaboration with medical device veteran Duke Rohlen. This initiative builds on KKR's past successes with Rohlen, including investments in Spirox and Ajax Health, demonstrating KKR's commitment to advancing medical technologies. Funded through the Health Care Strategic Growth Fund, KKR has a strong track record with $14 billion invested in health care since 2004. The partnership aims to leverage Rohlen's expertise to bring innovative devices to market.

KKR has announced an investment in CMC Machinery, an Italy-based manufacturer of automated packaging solutions focused on sustainability. CMC, founded in 1980, specializes in innovative e-commerce 3D on-demand packaging technology that reduces material consumption. The Ponti family continues to lead the company, which employs around 200 people. This investment is part of KKR's Global Impact Fund strategy, aimed at contributing to the UN's Sustainable Development Goals, specifically responsible consumption and production. Financial details of the investment remain undisclosed.

Walmart, KKR, and Rakuten have signed agreements for KKR to acquire a 65% majority stake in Seiyu GK, while Rakuten will take a 20% stake via a new subsidiary, valuing the transaction at ¥172.5 billion (approximately $1.6 billion). Walmart will retain a 15% interest. The partnership aims to enhance Seiyu's digital transformation and retail innovation, leveraging the combined expertise of all parties. This investment supports Seiyu's strategy to improve customer experience and operational performance in Japan's retail market.

KKR has appointed Jim Rowan, former CEO of Dyson, as a Senior Advisor to its Asia Private Equity team. Rowan brings over 30 years of experience in the consumer and technology sectors, having led Dyson through significant e-commerce growth from 2017 to 2020. His role at KKR aims to bolster the firm's commitment to enhance technology and digital strategies within its portfolio of over 100 companies, which collectively account for more than $7 billion in IT spending and over $10 billion in marketing annually.

FS KKR Capital Corp. (NYSE: FSK) reported its financial results for Q3 2020, highlighting a net investment income of $0.63 per share, down from $0.89 per share in Q3 2019. The company announced a fourth quarter distribution of $0.60 per share, payable on January 5, 2021. Total fair value of investments decreased to $6.649 billion from $7.357 billion year-over-year. However, a total net gain of $1.06 per share was noted compared to a loss in the same quarter last year. The net asset value per share rose 4.7% to $24.46.

FS KKR Capital Corp. II (NYSE: FSKR) reported strong financial results for Q3 2020, with net investment income rising to $0.52 per share from $0.44 in the previous quarter. The company announced a cash distribution of $0.55 per share for Q4 2020. Net asset value increased to $24.66 per share, reflecting a 1.8% rise. Total investment income reached $172 million, while total fair value of investments stood at $7.3 billion. FSKR successfully closed approximately $743 million in new investments since July, indicating positive growth prospects.

KKR Income Opportunities Fund (NYSE: KIO) announced an investor update call on November 16, 2020, at 7:00 PM ET. KKR's Head of Leveraged Credit, Chris Sheldon, and Director Aaron Dalrymple will discuss market and portfolio updates for Q3 2020. Investors can join by dialing 866-519-2796 with passcode 496536. The Fund focuses on generating high current income through investments in secured and unsecured loans, as well as high-yield corporate debt. Detailed information is available on the Fund's website.

KKR Income Opportunities Fund (NYSE:KIO) has announced monthly distributions of $0.105 per common share for November, December, and January, reflecting a reduction of $0.020 from previous distributions. The current distribution yields 6.30% based on IPO price and 9.43% based on current price. Factors influencing this decision include the Fund's earnings and market outlook. The next investor call is scheduled for November 16, 2020. A portion of these distributions may not come entirely from net investment income, and final sources will be reported after year-end.

KKR has announced its investment in Pinnacle Towers Pte. Ltd., targeting the telecom tower market in the Philippines. This strategic move aims to enhance the telecom infrastructure amidst rising demand for high-speed connectivity. Pinnacle, through its subsidiary FTAP, is positioned as a pioneer in the country’s independent tower sector. The investment underlines KKR’s commitment to supporting the Philippines’ digital transformation and addresses infrastructure needs as mobile usage grows. Details on the specific investment amount remain undisclosed.