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 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.
KKR has announced that Nestlé will acquire The Bountiful Company, a leader in global nutrition, for $5.75 billion. The acquisition includes popular brands such as Nature’s Bounty, Puritan’s Pride, and Solgar, which will be integrated into Nestlé Health Science. This move is part of an ongoing transformation, with KKR acknowledging the company's past growth and investment in R&D, talent, and eCommerce. The sale is expected to close in the second half of 2021, pending regulatory approvals.
KKR has announced the recipients of its third round of grants from the KKR Relief Effort, aimed at supporting small businesses and nonprofits affected by the COVID-19 pandemic. A total of $520,000 in grants was awarded to 52 small businesses across 22 states, with each receiving $10,000. Notably, 52% of these businesses are women-owned and 56% are minority-owned. Additionally, over $3.5 million was distributed to 22 nonprofits in the US, UK, France, Ireland, and India, aligning with KKR's focus on community support and workforce opportunities.
Optiv Security has announced three key executive appointments to strengthen its leadership team and drive company growth. Heather Allen Strbiak joins as chief human resources officer, focusing on HR strategy. Heather Rim comes in as chief marketing officer, tasked with enhancing brand visibility and demand generation. Ahmed Shah is appointed senior vice president of alliances and ecosystems, responsible for partner strategy. These appointments are expected to bolster Optiv's commitment to integrated cybersecurity solutions and improve stakeholder engagement.
KKR & Co. Inc. (NYSE: KKR) announced plans to release its financial results for Q1 2021 on May 4, 2021, prior to NYSE market opening. A conference call will follow on the same day at 10:00 a.m. ET, accessible via phone or through KKR's Investor Center online. A slide presentation with supplementary information will also be available in advance. KKR is recognized as a global investment firm focusing on alternative asset management, private equity, credit, and insurance solutions aimed at delivering attractive returns.
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KKR has invested in Adopt A Cow, a rapidly growing direct-to-consumer dairy brand in China, co-led with DCP Capital. Founded in 2016, Adopt A Cow produces pure milk, yogurt, cheese sticks, and milk powder, boasting over 10 million customers. The investment will accelerate the development of modern dairy farms and integrate digital operations to enhance quality and efficiency. KKR aims to leverage its expertise in technology and consumer sectors to support the company's growth in China's dynamic dairy market.
FS KKR Capital Corp. (NYSE: FSK) will announce its first quarter 2021 results on May 10, 2021. A conference call is scheduled for May 11, 2021, at 8:00 a.m. ET to discuss these results. Interested parties can join via phone or listen to the webcast on the company's Investor Relations website. An investor presentation will also be available on the same date. FS KKR Capital Corp. is a publicly traded business development company focusing on credit solutions for private middle market U.S. companies and is advised by FS/KKR Advisor, LLC.
FS KKR Capital Corp. II (NYSE: FSKR) will release its first quarter 2021 results after market close on May 10, 2021. The company will host a conference call on May 11, 2021, at 10:00 a.m. ET to discuss these results. Interested participants can join by dialing (833) 519-1290 or through a webcast available on FSKR's Investor Relations website. An investor presentation will also be accessible after the May 10 results release. FSKR is a prominent business development company focused on customized credit solutions for private middle market U.S. companies.