Latest news with #KKR&Co.
Bloomberg
a day ago
- Business
- Bloomberg
KKR Raises $6.5 Billion for Private Asset-Backed Finance Deals
KKR & Co. gathered about $6.5 billion of capital to invest in asset-backed finance, marking the firm's largest credit fundraise to date. The firm raised $5.6 billion for its Asset-Based Finance Partners II fund and almost $1 billion from separately managed accounts, according to a statement Wednesday.
Bloomberg
2 days ago
- Automotive
- Bloomberg
KKR's Global Atlantic Nets $2 Billion From Japan Post Insurance
A KKR & Co. unit is raising $2 billion from one of Japan's largest life insurers, as the industry seeks to boost returns through new types of investment. Japan Post Insurance Co. will invest the funds into a new vehicle that will be managed by KKR's Global Atlantic Financial Group, a New York-based insurer. Japan Post will own a majority stake in the entity, which will invest in all of Global Atlantic's businesses, including annuity products and life insurance.
Bloomberg
2 days ago
- Business
- Bloomberg
KKR-Backed Firm Buys Gulf Capital's Mideast Fertility Business
A firm backed by KKR & Co. has bought Gulf Capital PJSC's stake in its Middle Eastern fertility business, underscoring the rising demand for specialty medical services in the region. The Abu Dhabi-based group had been working with Moelis & Co. on the sale of ART Fertility Clinics' Middle East operations to IVI RMA Global, the world's largest provider of infertility treatments that was acquired by buyout giant KKR three years ago.
Straits Times
5 days ago
- Business
- Straits Times
KKR in talks to buy S'pore-based ST Telemedia Global Data Centres in deal valued at US$5b: Sources
KKR is already a backer in the closely held data centre company known as STT GDC with a 14.1 per cent stake. KKR & Co. is in talks to buy ST Telemedia Global Data Centres in a deal that could value the Asian digital infrastructure provider at more than US$5 billion (S$6.4 bliion), according to people familiar with the matter. The US investment firm and ST Telemedia could reach a deal in the coming weeks, the people said. KKR is already a backer in the closely held data centre company known as STT GDC with a 14.1 per cent stake. At a more than US$5 billion valuation, the deal could be among the largest for KKR in 2025, according to data compiled by Bloomberg. Discussions are advanced but could still be delayed or even fall apart, the people said, asking not to be identified as the information is private. KKR and STT GDC declined to comment. Based in Singapore, STT GDC is one of Asia's largest data centre operators with more than 100 data centres across 20 major markets including India, South Korea, Japan and Malaysia. It also has presence beyond Asia in countries such as the UK, Italy and Germany. The company provides services such as colocation, connectivity, and support services. A consortium of KKR and Singapore Telecommunications in 2024 invested $1.75 billion for a minority stake in STT GDC after a competitive process. KKR in 2025 has pulled out the same playbook it deployed during the pandemic by investing through the market turbulence triggered by President Donald Trump's trade war. In April, it won a hotly-contested auction for post-trade services firm OSTTRA for an enterprise value of more than US$3 billion and announced an acquisition of Karo Healthcare for more than €2.5 billion (S$3.76 billion) including debt. More recently, KKR agreed to buy London-listed Spectris, a maker of precision testing equipment and software, for about £4.1 billion (S$7.05 billion). BLOOMBERG
Bloomberg
02-07-2025
- Business
- Bloomberg
KKR Seeks to End UK Rough Patch with Punchy Spectris Bid
KKR & Co. is seeking to end an uncharacteristically patchy run of dealmaking in the UK's public markets by launching its biggest takeover bid of the year. The US investment firm on Wednesday offered £4.1 billion ($5.6 billion) in cash for Spectris Plc, the British maker of precision testing equipment and software, topping a rival proposal from Advent. The price represents a 96.3% premium to Spectris stock on June 6 — the last trading day before Bloomberg News reported Advent was circling.
