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 successfully acquired the Mercedes-Benz Parts Distribution Center in Anseong, South Korea, and two warehouses in Columbus, Ohio, marking its first international investment. These acquisitions total approximately 1.4 million square feet of industrial space, enhancing KKR Real Estate Select Trust Inc.'s (KREST) portfolio to over 4 million square feet. The Mercedes-Benz facility is strategically located, while the Columbus properties are fully leased to high-quality tenants. KREST's total property acquisitions now stand at over $1.7 billion.
KKR has announced its first infrastructure investment in Japan by signing agreements to acquire Central Tank Terminal (CTT) from Macquarie Infrastructure and Real Assets. This strategic acquisition aims to strengthen CTT's position as Japan’s largest independent chemical storage tank operator, with over 300,000 cubic meters of capacity across seven terminals. The investment is expected to facilitate operational improvements and future growth opportunities, particularly through bolt-on acquisitions. The transaction is anticipated to close by Q4 2021, pending regulatory approvals.
KKR has acquired KRW2.4 trillion (approximately US$2 billion) in newly issued convertible preferred shares from South Korea's SK E&S. This investment enables KKR to potentially convert shares into common stock while supporting SK E&S's transition to a global clean energy provider. SK E&S aims to develop 2.5GW of renewable energy assets. KKR views this as a key part of its Asia Pacific infrastructure strategy, emphasizing energy transition and digital transformation as growth drivers within the region.
KKR Income Opportunities Fund (NYSE: KIO) will hold an investor update call on November 10th, 2021, at 3:30 PM ET. Hosted by Terry Ing and Aaron Dalrymple, the call will provide updates on market conditions and the Fund's third quarter portfolio. Investors can access the call at 866-519-2796 with passcode 630243, and a replay will be available on the Fund's website post-call. The Fund seeks high current income and capital appreciation through diversified investments in secured and unsecured loans and high-yield corporate debt.
KKR, a global investment firm, has signed a definitive agreement to acquire Bettcher Industries, a supplier of food processing equipment, from MPE Partners. The acquisition aims to enhance Bettcher's growth in the food processing sector, focusing on innovative products that improve yield and worker safety. KKR plans to continue Bettcher's legacy of employee ownership through a new employee engagement program. This investment represents KKR's commitment to the shared ownership movement and is part of its strategy to expand within essential sectors of the global economy.
KKR & Co. Inc. (NYSE: KKR) announced its third quarter 2021 financial results today, with details accessible via their Investor Center. A conference call to discuss these results is scheduled for November 2, 2021, at 10:00 a.m. ET, available to both U.S. and international callers. KKR is a prominent global investment firm focusing on alternative asset management and insurance solutions, striving for attractive investment returns through disciplined investment approaches.
Galaxy Universal has announced its acquisition of the And1, Avia, Gaiam, and SPRI brands from Sequential Brands Group for approximately $330 million. This strategic move aims to enhance Galaxy's vertical integration, enabling efficient management of marketing, design, sales, sourcing, and manufacturing. The acquisition is expected to close by mid-November 2021, pending customary closing conditions. KKR is providing debt financing and co-investing in the deal, reflecting confidence in Galaxy's growth strategy.
KKR Real Estate Select Trust Inc. has acquired The Beach House Apartments in Jacksonville, Florida, collaborating with RPM Living. This is KREST's first multifamily investment, aiming to enhance income-oriented private real estate investments. The 228-unit property, situated near the beach, features luxury interiors and modern amenities. KKR continues to expand in the fast-growing Sunbelt region, with real estate assets under management totaling approximately $33 billion across key global markets.
KKR & Co. Inc. (NYSE: KKR) announced that Pete Stavros, Partner and Co-Head of Americas Private Equity, will present at the BofA 2021 Banking and Financials Conference on November 10, 2021, at 1:40 PM ET. Interested parties can access a live webcast of the presentation on KKR’s Investor Center. A replay will be available shortly after the event. For inquiries, KKR’s Investor Relations team can be contacted at investor-relations@kkr.com.
KKR Income Opportunities Fund (NYSE: KIO) announced monthly distributions of $0.105 per common share, reflecting an annualized distribution rate of 6.30% based on its IPO price of $20.00 and 7.60% based on the current share price of $16.57 as of October 21, 2021. The distribution schedule for the months of November, December, and January includes key dates for ex-dividend, record, and payable events. The Fund cautions that the distributions may not solely consist of net investment income and urges investors to consider its investment objectives and risks carefully.