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.
KKR has acquired a 197,000-square-foot industrial warehouse named Vista Commerce in Vista, California, from Westcore. The property is fully leased to a publicly listed healthcare diagnostic testing company and features significant infrastructure including 14 dock-high doors and a 27-foot clear height. This acquisition, part of KKR's strategy to expand its industrial real estate portfolio in Southern California, was facilitated through its KKR Real Estate Partners Americas III fund. The transaction signifies KKR's commitment to strategic and high-quality real estate investments.
KKR announced new grants through its KKR Relief Effort, providing $10,000 each to 47 small business owners across 25 states. Additionally, KKR committed over $3.2 million to 27 nonprofits in the US, UK, and France. A $50,000 grant will support the NYC Partnership Foundation, aimed at bolstering small businesses in New York. Since the initiative’s inception, KKR has provided $33 million in funding to 137 nonprofits and supported 305 small businesses during the pandemic. Notably, 79% of the recent grant recipients are minority-owned.
KKR, a global investment firm, has announced its acquisition of a minority stake in Taylor’s Schools, a leading Southeast Asian private educator. This investment aims to accelerate Taylor’s growth and expansion across the ASEAN region. Taylor's Schools operates six international schools and is part of the larger Taylor's Education Group, which includes various educational institutions in Malaysia, Singapore, and Vietnam. The partnership is set to enhance Taylor’s operational capabilities and educational offerings while maintaining its current management structure.
KKR & Co. announced that Co-CEO Scott C. Nuttall will present at the Goldman Sachs US Financial Services Conference on December 8, 2021, at 8:00 AM ET. A live webcast can be accessed via KKR’s Investor Center, with a replay available after the event. KKR is a global investment firm focused on alternative asset management, aiming for strong investment returns through a disciplined approach. For investor inquiries, contact KKR’s Investor Relations.
KKR and KSL Capital announce the merger of Atlantic Aviation and Ross Aviation, creating a leading aviation infrastructure platform in North America. KKR will be the majority shareholder, with KSL as a significant minority investor. The combined entity aims to enhance customer service and operational excellence across a vast network of fixed base operators (FBOs). The transaction is expected to close in the first half of 2022, pending regulatory approvals. Financial details were not disclosed, but the deal marks a strategic expansion in aviation services.
Beacon Pointe Advisors has entered into a definitive agreement with KKR, a global investment firm, for a significant investment aimed at enhancing growth and expansion. KKR's investment will empower Beacon Pointe to pursue national growth through new offices and acquisitions while maintaining its brand and culture. The firm, which possesses over $20 billion in assets under management, has recently seen growth of $10 billion in assets and nearly doubled its staff in 18 months. The deal is expected to close by year-end, subject to customary conditions.
CyrusOne Inc. has entered into a definitive agreement for KKR and Global Infrastructure Partners to acquire all outstanding shares for $90.50 per share, totaling approximately $15 billion. This price reflects a 25% premium over the stock's closing value on September 27, 2021. The transaction, expected to close in Q2 2022, will make CyrusOne a privately held company. The board approved the merger, which aims to enhance CyrusOne's global expansion capabilities.
KKR and Gulf Bay Group have finalized the sale of all condominium units in Mystique at Pelican Bay, totaling approximately $500 million. The joint venture, initiated in 2015, successfully developed the 81-unit luxury condo tower, completed in 2019. KKR's real estate strategies have invested $1.8 billion across various property types in Florida, part of its larger Sun Belt investment strategy. KKR’s real estate assets under management have grown to around $36 billion globally as of September 30, 2021.
KKR has acquired two multi-tenant industrial buildings totaling approximately 154,000 square feet in Phoenix, Arizona, increasing its industrial real estate holdings in the area to nearly 2.5 million square feet. The buildings, completed in 1997 and fully leased, offer direct access to downtown Phoenix. This acquisition was made through the KKR Real Estate Partners Americas III fund, part of KKR's strategy to expand its footprint in major metropolitan areas. KKR's real estate assets under management have reached approximately $36 billion globally.
KKR has appointed K.V. Kamath as Senior Advisor in India, effective immediately. With over five decades in financial services, Kamath has held leadership roles at the New Development Bank and ICICI Bank. He aims to leverage his extensive experience to enhance KKR's impact on Indian businesses. KKR has invested approximately US$7 billion in various sectors, including private equity and infrastructure, demonstrating a strong commitment to India's growth.