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KKR & Co LP (KKR)

KKR on New York Consolidated

18.98USD
28 Apr 2017
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Latest Key Developments (Source: Significant Developments)

KKR & CO qtrly net income per unit $0.52
Thursday, 27 Apr 2017 06:00am EDT 

April 27 (Reuters) - Kkr & Co Lp :KKR & CO. L.P. Reports first quarter 2017 results.Qtrly net income per unit $0.52.Qtrly economic net income per unit $0.65.KKR & CO LP says aum was $137.6 billion as of march 31, 2017, an increase of $8.0 billion, compared to aum of $129.6 billion as of december 31, 2016.KKR & CO LP qtrly fees and other revenues $715.95 million versus $162.81 million.Q1 earnings per share view $0.50, revenue view $288.9 million -- Thomson Reuters I/B/E/S.  Full Article

KKR to acquire majority stake in Focus Financial valuing it at about $2 bln
Tuesday, 18 Apr 2017 09:20pm EDT 

April 18 (Reuters) - Kkr & Co Lp :Focus financial partners to receive significant investment from Stone Point Capital and KKR.KKR will acquire a majority stake in company, which values focus at approximately $2 billion.Co's senior management team will continue to lead business and each will remain a significant shareholder.  Full Article

KKR invests in Lyft as part of $600 million funding round
Tuesday, 11 Apr 2017 03:39pm EDT 

Kkr & Co Lp : Says KKR invests in Lyft as part of $600 million series G round of funding into Lyft; financial details not disclosed Further company coverage: [KKR.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

NordLB says hopes complete ship loan deal with KKR in Q2
Thursday, 6 Apr 2017 06:05am EDT 

NordLB board member Hinrich Holm says at annual press conference : NordLB still working with KKR on sale of shipping loan portfolio, hoping for completion in Q2 . Prolonged shipping crisis held up deal that was earmarked to be completed by end-2016 [nL8N1B31UT] Further company coverage: [NDLG.UL] ((Frankfurt.newsroom@thomsonreuters.com; +49 7565 1272;)).  Full Article

KKR Real Estate Finance Trust files for IPO of up to $100 mln - SEC Filing
Monday, 3 Apr 2017 05:59pm EDT 

KKR & Co LP : KKR Real Estate Finance Trust Inc files for IPO of up to $100 million - SEC Filing . KKR Real Estate Finance Trust Inc says it intends to apply for listing of its common stock on nyse under the symbol "KREF" . KKR Real Estate Finance Trust - Upon completion of IPO, KKR will continue to control a majority of voting power of shares eligible to vote in election of co's directors .KKR Real Estate Finance Trust - Wells Fargo Securities, Morgan Stanley among underwriters to IPO.  Full Article

Angelica Corp enters asset purchase agreement with KKR
Monday, 3 Apr 2017 07:38am EDT 

Angelica Corporation: Angelica corporation enters into asset purchase agreement with KKR . A transaction valued at approximately $125 million . Says transaction valued at about $125 million plus certain assumed liabilities . Under terms of APA, KKR affiliate will serve as "stalking horse bidder" in a court-supervised sale process . To facilitate sale process, filed voluntary petitions for reorganization under Chapter 11 of U.S. bankruptcy code in U.S. Bankruptcy court . KKR is primarily making investment through funds affiliated with its direct lending strategy . In conjunction with proposed deal, co is seeking court approval of $65 million dip financing facility from Wells Fargo Capital Finance, LLC . Angelica Corporation says filed voluntary petitions for reorganization under Chapter 11 of U.S. Bankruptcy code in U.S. Bankruptcy court . Angelica Corporation says intends to conduct sale process pursuant to section 363 of bankruptcy code .Angelica Corporation says expects to continue operating as normal throughout the process.  Full Article

Bharti Airtel completes sale of 10.3 pct stake in Bharti Infratel to KKR, CPPIB
Tuesday, 28 Mar 2017 12:44am EDT 

Bharti Airtel Ltd : Says completes secondary sale of 10.3% stake in Bharti Infratel to consortium of KKR & Canada Pension Plan Investment Board . Says proceeds to be primarily used to pare debt . Says deal for over 61.94 billion rupees executed at INR 325 per share .Says on closure of deal, co's equity holding in Bharti Infratel stands at 61.7 pct and that of KKR and CPPIB at 10.3 pct.  Full Article

Provident Healthcare Partners advises Air Medical on its acquisition by Airmed International
Thursday, 23 Mar 2017 07:30am EDT 

KKR & Co LP : Provident Healthcare Partners advises Air Medical on its acquisition by Airmed International . Provident Healthcare Partners Llc - terms of transaction were not disclosed. . Provident Healthcare Partners Llc - Air Medical Llc has been acquired by Airmed International Llc , a subsidiary of Air Medical Group Holdings .Provident Healthcare Partners Llc - Air Medical Group Holdings is a portfolio company of KKR & Co. L.P..  Full Article

Onex to sell USI Insurance Services for $4.3 billion
Friday, 17 Mar 2017 07:30am EDT 

Onex Corp : Onex to sell usi insurance services for $4.3 billion . Co and affiliates agreed to sell usi insurance services to an affiliate of kkr & co. l.p. And cdpq . Onex corp says onex' portion of sale proceeds will be approximately $563 million, including carried interest of $65 million .Onex - upon completion of deal , onex group will have received proceeds of approximately $2.1 billion, including a prior distribution of $181 million in 2015.  Full Article

KKR nears deal to buy insurance broker USI for about $2 bln - WSJ, citing sources
Thursday, 16 Mar 2017 04:30pm EDT 

:KKR nears deal to buy insurance broker USI for about $2 billion - WSJ, citing sources.  Full Article

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Henry Kravis finds polite barbarian at his gate

NEW YORK (Reuters Breakingviews) - Some three decades after KKR's Henry Kravis was called a barbarian, he has encountered one at his own gate. Jeff Ubben, whose ValueAct just disclosed an interest in the buyout shop, is usually friendlier in his approach with the companies in which he invests than the term might suggest. Even so, there's a chance things could get testy.