Seeking Alpha


  • Wed, Sep. 9, 7:55 AM
    • Started in 1997 by Paul Marshall and Ian Wace, London-based Marshall Wace has over $22B in AUM. KKR says the purchase will "significantly scale" its presence in hedge fund offerings.
    • Under the cash and stock deal which should close this year, KKR will acquire a 24.9% stake in firm, with options which could increase ownership to 39.9% over time. Other details weren't disclosed.
    • The purchase is expected to be immediately accretive to KKR's after-tax distributable earnings per unit and after-tax ENI per unit.
    • Source: Press release
    | Wed, Sep. 9, 7:55 AM | 1 Comment
  • Mon, Aug. 24, 8:21 AM
    • Private-equity firms have gathered into three separate packs to get enough juice to bid up to $6B on the South Korean business of Tesco (OTCPK:TSCDY), Reuters reports, in what could be Asia's biggest P-E deal ever.
    • A combination of KKR and Affinity Equity Partners is in one group; Carlyle Group (NASDAQ:CG) and GIC are another; and MBK Partners will look for funding from South Korea's National Pension Service to pursue it.
    • Divesting its South Korean business, Homeplus, would be the biggest move the chain has made as it tries to reverse a decline resulting from an accounting scandal.
    • The Homeplus unit has annual revenue of about $5.9B. Final bids for the business are due today. Along with pretty much everything else, Tesco shares are down 3.5% in London.
    • Carlyle Group is down 1.1% and KKR down 3.8% in premarket trading.
    | Mon, Aug. 24, 8:21 AM | 1 Comment
  • Tue, Jun. 23, 9:18 AM
    • 3M (NYSE:MMM) has agreed to acquire Capital Safety from KKR for a total enterprise value of $2.5B, including the assumption of approximately $0.7B of debt, net of cash acquired. The deal is expected to close in the third quarter.
    • On a GAAP reported basis, 3M estimates the acquisition to be $0.04 dilutive to earnings in the first 12 months following completion of the transaction. Excluding adjustments and one-time expenses, 3M estimates the acquisition to be $0.12 accretive to earnings over the same period.
    • Capital Safety, a provider of fall protection equipment, had approximately $430M in sales for its fiscal year ended March 31, 2015.
    • KKR +0.7% premarket
    | Tue, Jun. 23, 9:18 AM | 6 Comments
  • Wed, Jun. 10, 2:57 AM
    | Wed, Jun. 10, 2:57 AM | 2 Comments
  • Tue, Jun. 9, 3:04 AM
    • Stepping closer to shedding some more non-core assets, P&G (NYSE:PG) has received several binding offers for separate parts of its beauty business.
    • Bidders, including Henkel (OTCPK:HENKY), Coty (NYSE:COTY) and P-E firms KKR (NYSE:KKR), Clayton Dubilier & Rice and Warburg Pincus, have made offers in the billions of dollars for P&G's haircare unit, cosmetics division and fragrance business.
    • CEO Lafley said last August he would reverse the company's strategy of aggressive expansion and unload more than half of its brands.
    • Previously: Personal care companies prep bids for P&G beauty brands (Apr. 16 2015)
    | Tue, Jun. 9, 3:04 AM | 6 Comments
  • Tue, Mar. 31, 7:00 AM
    • KKR (NYSE:KKR) and Hong Kong-based Anchor Partners are in talks to buy a majority stake in Groupon's (NASDAQ:GRPN) South Korean unit for around 350B won ($316M), Reuters reports quoting the Korea Economic Daily.
    • The two firms are in final talks to acquire a 51% stake in e-commerce firm Ticketmonster.
    • GRPN -1.5% premarket
    | Tue, Mar. 31, 7:00 AM | 12 Comments
  • Sun, Mar. 15, 5:47 AM
    • In one of the biggest deals in the Asia-Pacific region so far this year, a consortium of KKR (NYSE:KKR), Varde Partners and Deutsche Bank (NYSE:DB) has agreed to buy GE (NYSE:GE) Capital's Australian and New Zealand consumer lending arm for about $A8.2B ($6.26B).
    • The move comes after General Electric disposed of its appliances unit, real estate holdings and a stake in NBCUniversal, and shed more of its banking businesses to return to its industrial focus.
    • Previously: GE reportedly weighing deeper cuts to banking business (Mar. 11 2015)
    | Sun, Mar. 15, 5:47 AM | 39 Comments
  • Tue, Mar. 10, 2:18 PM
    • KKR (NYSE:KKR) is in advanced talks to acquire Air Medical Group from Bain Capital in a deal that could value the U.S. helicopter ambulance company at around $2B including debt.
    • A deal could be announced as early as this week.
    • Bain acquired Air Medical in 2010 in a $1B deal.
    • Bain is working with Barclays on an auction for Air Medical.
    • Source: Reuters
    | Tue, Mar. 10, 2:18 PM | Comment!
  • Mon, Feb. 2, 6:46 AM
    | Mon, Feb. 2, 6:46 AM | Comment!
  • Dec. 13, 2014, 2:16 PM
    | Dec. 13, 2014, 2:16 PM | 7 Comments
  • Nov. 19, 2014, 2:06 AM
    • As the auction for PetSmart (NASDAQ:PETM) heats up, buyout firms KKR (NYSE:KKR) and Clayton, Dubilier & Rice have teamed up to take the pet food retailer private for more than $7.5B, Reuters reports.
    • Petsmart, which reported a FQ3 beat after the bell yesterday, said in August it would explore a potential sale amid pressure from Jana Partners and other activist investors.
    • KKR and CD&R are planning to submit a joint bid next month. Apollo Global Management (NYSE:APO) and BC Partners are also considering offers.
    • PETM +2.6% AH
    | Nov. 19, 2014, 2:06 AM | 4 Comments
  • Nov. 7, 2014, 12:58 PM
    • P-E firms including KKR, Apollo Global Management (NYSE:APO), BC Partners and Clayton Dubilier & Rice have been invited to the final round of bidding for PetSmart (NASDAQ:PETM), WSJ reports.
    • A deal to take PETM private would be the largest leveraged buyout of the year, according to data from Dealogic.
    | Nov. 7, 2014, 12:58 PM | Comment!
  • Oct. 23, 2014, 10:51 AM
    • KKR (KKR +1.4%) is taking a serious look at PetSmart (PETM +0.6%), according to the New York Post.
    • The investment firm has a nice track record in the pet supplier business after guiding Pets at Home to a profitable IPO.
    • Firdt-round bids on PetSmart are due in by the end of the month with JPMorgan overseeing the action.
    • Investors haven't really assigned a buyout premium on PETM as shares trade lower than they did three months ago.
    | Oct. 23, 2014, 10:51 AM | 3 Comments
  • Sep. 29, 2014, 3:31 AM
    • Australia's Treasury Wine Estates (OTCPK:TSRYY) has ended talks with private equity bidders for the sale of its business.
    • "It is now apparent to the company that the bidders are not able to support a transaction on terms and at a price acceptable to the Board," says Treasury.
    • The last takeover approach was made by TPG Capital in early August for $3.1B, and matched a bid from KKR (NYSE:KKR) and Rhone Capital.
    | Sep. 29, 2014, 3:31 AM | Comment!
  • Sep. 3, 2014, 4:07 AM
    • German internet service provider United Internet (OTC:UDIRY), has agreed to acquire full control of Versatel, a company which owns Germany's second-largest fiber optic cable network.
    • United Internet, which announced it was considering the takeover last month, will now acquire the 74.9% of Versatel it didn’t already own from KKR (NYSE:KKR) for €586M ($769M) in cash.
    | Sep. 3, 2014, 4:07 AM | Comment!
  • Aug. 18, 2014, 6:36 AM
    • KKR (NYSE:KKR) and Australian property manager Abacus Property Group have agreed to buy 70% of the World Trade Center in Melbourne for A$120.4M ($112.1M).
    • The stakes in Towers 2, 3 and 4 of the World Trade Center will provide an initial yield of 9.3% a year, says Abacus.
    • The deal will be KKR's first real estate investment in Australia, having previously focused on markets such as China, India and South Korea.
    | Aug. 18, 2014, 6:36 AM | Comment!
KKR vs. ETF Alternatives
Company Description
KKR & Co LP offers a broad range of asset management services to its investors and provides capital markets services to its firm, its portfolio companies and its clients.
Sector: Financial
Country: United States