Kkr & Co Inc Stock Price, News & Analysis

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.

KKR has announced its agreements with NextEra Energy Resources and NextEra Energy Partners to acquire equity interests in portfolios of renewable energy assets, totaling approximately $1.4 billion. This investment includes a $300 million equity purchase for a 50% interest in a 1,000 MW portfolio and a $1.1 billion convertible equity financing for a 1,125 MW portfolio. KKR's commitment extends to $900 million for future renewable energy transactions. The assets have around 19 years of power purchase agreement duration and will grow KKR's jointly-owned renewable generation assets to over 2.3 GW.

Optiv Security announces a $40,000 scholarship fund over four years, aimed at promoting diversity in cybersecurity and information security. This initiative will support one individual who identifies as Black and/or African American, pursuing a STEM degree. Applicants must be graduating high school seniors with a minimum GPA of 3.5 and plan a career in cybersecurity. Optiv's Black Employee Network is driving this effort, highlighting the importance of diversity in enhancing organizational performance.