Welcome to our dedicated page for Kkr & news (Ticker: KKR), a resource for investors and traders seeking the latest updates and insights on Kkr & stock.
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.
Optiv Security has awarded its inaugural Black Employee Network (BEN) scholarship to Lauren Harris, a student-athlete from Omaha, Nebraska, who will study biology and computer science at Princeton. The scholarship provides $10,000 annually for four years. Additionally, three runner-ups will receive $500 grants for books. Optiv's CEO, Kevin Lynch, emphasized the importance of diversity in the industry, stating the company plans to sponsor four students concurrently in the future.
KKR has announced an agreement with Telefónica to create Chile's first open access wholesale fiber optics company, enhancing broadband access nationwide. KKR will acquire a majority stake in Telefónica Chile's fiber optic network, the largest in the country. The new company aims to expand broadband from 2 million to 3.5 million households by 2023, focusing on underserved areas. Valued at approximately US$1 billion, the deal is expected to close in the first half of 2021, pending regulatory approval. This initiative promises to boost competition in Chile's digital infrastructure market.
KKR has announced an agreement to acquire Flow Control Group, a prominent distributor specializing in flow control and industrial automation products, from Bertram Capital. Based in Charlotte, NC, Flow Control Group serves over 10,000 customers and 2,000 suppliers across North America. KKR anticipates enhancing Flow Control's market reach and operational capabilities while focusing on employee engagement and ownership models. This acquisition, part of KKR's Americas XII Fund, underscores their commitment to growing companies in the industrial sector.
Optiv Security has announced enhanced capabilities to assist clients in navigating the Cybersecurity Maturity Model Certification (CMMC), a crucial set of DOD regulations for over 300,000 defense contractors. General David Petraeus emphasized the increasing cyber threats and the need for upgraded defenses. With full CMMC implementation expected by 2025, the DOD has mandated self-assessments for contractors, critical for bidding on contracts. Optiv aims to help organizations view CMMC as more than a compliance requirement, urging early action to safeguard against emerging risks.
KKR & Co. (NYSE: KKR) has announced that Robert Lewin, CFO, will be presenting at the Credit Suisse 22nd Annual Financial Services Forum on February 25, 2021, at 9:40 AM ET. Investors can access a live audio webcast of the event through KKR's Investor Center on their website. A replay will also be available shortly after the presentation for those unable to attend live. KKR is a global investment firm focused on alternative asset management and capital markets, aiming for attractive returns through disciplined investment strategies.
KKR & Co. Inc. (NYSE: KKR) announced its fourth quarter and full year 2020 results today, available on its Investor Center webpage. A conference call is scheduled for February 9, 2021, at 10:00 a.m. ET to discuss the financial performance, which will be accessible via phone and online. KKR, a prominent global investment firm, specializes in alternative asset management and offers various financial solutions through its insurance subsidiaries and investment funds, including private equity and credit investments.
KKR & Co. Inc. has successfully closed its transaction with Global Atlantic Financial Group, valuing the latter at approximately $4.7 billion. KKR will manage roughly $90 billion of Global Atlantic's assets, which have seen a 25% growth since the announcement in July 2020, primarily from reinsurance transactions. Global Atlantic will operate as a subsidiary of KKR with a 60% controlling interest. The partnership aims to enhance Global Atlantic's market position and access to long-term capital, while retaining its leadership team.
FS KKR Capital Corp. (FSK) and FS KKR Capital Corp. II (FSKR) announced preliminary financial results for Q4 2020, reflecting an active investment environment. FSK estimates a net asset value per share of $24.95 to $25.05, up from $24.46 in Q3. Estimated net investment income per share is between $0.59 and $0.61, exceeding guidance of $0.57. FSKR estimates its net asset value per share at $25.00 to $25.10, compared to $24.66 previously, with estimated net investment income at $0.57 to $0.59, above guidance of $0.52 to $0.55. Earnings calls are scheduled for March 2, 2021.
KKR announced the second round of grants from its $50 million KKR Relief Effort, designed to assist those impacted by the COVID-19 pandemic. This round includes $10,000 grants for 52 small businesses across the U.S., Europe, and Asia Pacific, with 85% women-owned and 60% owned by underrepresented groups. Additionally, over $7.5 million was allocated to 35 nonprofits addressing pandemic-related challenges. KKR's initiatives aim to support small businesses, enhance community efforts, and drive future growth, with applications open for further assistance.
KKR & Co. Inc. (NYSE: KKR) will release its fourth quarter and full year 2020 financial results on February 8, 2021, after market close. A conference call to discuss these results is scheduled for February 9, 2021, at 10:00 a.m. ET, which can be accessed via telephone or online through KKR’s Investor Center. A supplemental slide presentation will also be available. KKR is a leading global investment firm managing alternative asset classes, focusing on generating attractive investment returns through a disciplined investment approach.