Kkr & Co Inc Stock Price, News & Analysis

On May 18, 2021, KKR announced the successful acquisition of a majority stake in Therapy Brands, a prominent practice management and EHR software platform for healthcare providers. This acquisition aims to enhance the delivery of mental and behavioral health services across the U.S. KKR's investment, primarily from its Americas XII Fund, is expected to leverage its expertise in scaling technology platforms to improve Therapy Brands' offerings and operational efficiency. The deal involved PSG, an existing investor, remaining a minority shareholder. Financial details were not disclosed.

Lenskart, a leading omni-channel eyewear retailer in India, has signed a definitive agreement for KKR to invest US$95 million in the company through a secondary stake acquisition. This investment aims to enhance Lenskart's growth both domestically and internationally, leveraging KKR's experience in technology and the eyewear industry. Lenskart currently serves over 7 million customers annually through its extensive network of stores and digital platforms, and aims to make eyewear accessible to all. The partnership represents a significant step towards Lenskart's ambition of having 50% of India wear its eyewear within five years.

FS KKR Capital Corp. II (FSKR) reported a net investment income of $97 million or $0.57 per share for Q1 2021, compared to $0.59 per share in Q4 2020. The net asset value increased to $25.33 per share from $25.10 as of December 31, 2020. Despite a total net realized and unrealized gain dropping to $0.21 per share from $0.35, the company maintained a consistent cash distribution of $0.55 per share. The net debt to equity ratio improved to 74% from 85% in the previous quarter.

KKR has signed a definitive agreement to invest in Charter Next Generation (CNG), a top producer of specialty films for flexible packaging. KKR will co-own the business with Leonard Green & Partners and a subsidiary of the Abu Dhabi Investment Authority. CNG focuses on innovative, sustainable packaging solutions that reduce food waste, which is a growing concern in light of food insecurity in the U.S. and global greenhouse gas emissions. CNG's films are designed for safety and sustainability, enhancing shelf life while being recyclable.

KKR released a new Insights report titled Testing the Limits of Reflation by Henry McVey, focusing on macroeconomic conditions and their implications for investors. McVey expresses confidence in a strong global recovery, supporting KKR's investment thesis for 2021. Key updates include an earnings forecast upgrade for the S&P 500, a conservative interest rate outlook due to rapid growth and spending, and a maintained attractive real rates environment through 2022. The report suggests a need for innovative macro and asset allocation strategies moving forward.

KKR & Co. Inc. (NYSE: KKR) has reported its financial results for the first quarter of 2021. The results can be accessed through the Investor Center on KKR’s website. A conference call discussing these results will be held on May 4, 2021, at 10:00 a.m. ET, available via phone and online streaming. KKR is a leading global investment firm focused on generating attractive investment returns through alternative asset management, capital markets, and insurance solutions, supporting growth across its portfolio companies.

KKR and Altavair L.P. announced the closing of a sale and leaseback agreement with Singapore Airlines for four Airbus A350-900 aircraft. The transaction, funded by KKR-managed accounts, enhances Altavair's portfolio. Steve Rimmer, Altavair's CEO, expressed pride in the partnership with Singapore Airlines, a highly regarded international carrier. KKR's partners noted this milestone strengthens their relationships with leading global carriers.

KKR has acquired a 178,400 square foot industrial property in Tampa, Florida, which was newly built in 2020 and is fully leased to three tenants. This strategic purchase increases KKR's industrial real estate holdings in the greater Tampa area to 1.4 million square feet. KKR's investment is part of its Americas opportunistic equity real estate strategy, contributing to a total of nearly 34 million square feet across major U.S. metropolitan areas. With approximately $28 billion in real estate assets under management, KKR continues to focus on long-term growth opportunities in Florida.

Natural Pet Food Group, a premium pet food company from New Zealand, has completed its acquisition by KKR, a global investment firm. This strategic investment aims to enhance Natural Pet Food Group's international growth and its commitment to providing sustainable, high-meat pet food. CEO Neil Hinton expressed optimism about expanding product offerings and market reach with KKR’s support. KKR will finance this acquisition through KKR Asian Fund IV, marking a significant evolution for the company, which serves markets including New Zealand, Australia, and the US.