US Market News
1週前
KKR to Open New Office in Milan, Strengthening Long-Term Commitment to ItalyMay 28, 2026 3:00 AM
Business Wire New office reflects KKR’s localisation strategy and opportunity in Italy’s evolving investment landscape KKR, a leading global investment firm, today announced plans to open an office in Milan, further strengthening its long-term commitment to Italy and expanding its local presence in one of Europe’s largest economies. The office will support the firm’s investment activity across Private Equity, Real Assets, Credit and Insurance, while deepening client partnerships and advancing the continued development of KKR’s private wealth business in Italy. Italy has been an important market for KKR for over two decades, with over €10 billion of capital deployed since 2005 across Private Equity, Real Assets and Credit. The firm’s investments include FiberCop, Europe’s first wholesale-only, open-access fibre network, Enilive, a key player in advancing Italy’s energy transition, and CMC, a sustainable packaging leader using robotics to drive innovation. These investments reflect KKR’s focus on partnering with businesses in sectors critical to long-term economic growth and transformation, and on supporting Italy’s role as a key industrial and economic engine within Europe. The office will be led by Marco Fontana, Partner in KKR’s Infrastructure team, who will relocate from London. Nicolò Della Casa, Director in KKR’s Private Equity team, will also relocate to Milan to lead the firm’s Private Equity activities in Italy. Together with members of KKR’s Client Solutions team, they will drive the continued expansion of KKR’s local presence as the firm grows its investment activities and client partnerships in the market. Joe Bae and Scott Nuttall, Co-CEOs of KKR, commented: “Italy has been an important market for KKR for many years. The country’s focus on strengthening its economic foundations, supporting key industries and creating the conditions for long-term investment is increasingly evident, and we see a growing opportunity for private capital to play a constructive role. Opening an office in Milan reflects our commitment to being closer to our partners and to supporting investment across sectors that are central to Italy’s long-term growth.” Mattia Caprioli and Tara Davies, Co-Heads of KKR EMEA, said: “We are seeing a clear and consistent focus on competitiveness, investment and economic modernisation in Italy, which is creating a positive environment for long-term capital. Establishing an office in Milan is a natural step in our EMEA strategy, where we are increasingly localising our business by bringing more of our people into key markets. We believe this is a real differentiator and will allow us to deepen our engagement in Italy while connecting it to the full breadth of KKR’s global platform.” Marco Fontana, Partner, Infrastructure and Head of the Milan Office, added: “We are proud to be establishing a dedicated presence in Milan. Italy presents significant opportunity across areas such as digital infrastructure, energy transition and broader economic transformation. At the same time, we are building a team on the ground with deep local expertise and strong relationships across the market. Being present locally will allow us to work more closely with companies, clients and stakeholders, and to continue developing long-term partnerships in Italy.” Nicolò Della Casa, Director and Head of Private Equity in Italy, stated: “Italy's entrepreneurial ecosystem, with its depth of founder- and family-owned businesses across a broad range of industries, presents a distinctly attractive environment for KKR's Private Equity strategy. Establishing a presence in Milan will allow us to engage more directly with these businesses, supporting them in accelerating their growth and realising their international ambitions.” About KKR KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260527243768/en/ Media Contacts Annabel Arthur – UK
kkrpr-uk@kkr.com Tancredi Group – Italy
Benedetta Barelli
kkr@tancredigroup.com Original: KKR to Open New Office in Milan, Strengthening Long-Term Commitment to Italy
US Market News
2週前
KKR Sells CIRCOR Aerospace to Parker Hannifin for $2.55 BillionMay 21, 2026 9:15 AM
Business Wire KKR and CIRCOR International (“CIRCOR” or the “Company”), a global manufacturer of flow control products for industrial, naval, and aerospace markets, today announced the signing of a definitive agreement to sell CIRCOR Aerospace, the Company’s aerospace division, to Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, for $2.55 billion. Funds managed by KKR first acquired CIRCOR for $1.8 billion in 2023 and will maintain ownership of CIRCOR’s Naval and Industrial businesses. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260520542910/en/ With more than 75 years of heritage in fluid control, pneumatic, electromechanical, and actuation components and subsystems, CIRCOR Aerospace has established a leading position across commercial aerospace and defense end markets through its highly engineered, mission-critical products, long-standing customer relationships, and continued investment in innovation and manufacturing capabilities. This combination of Parker Hannifin and CIRCOR Aerospace brings together complementary capabilities, product portfolios, and platform exposures to create a stronger, more diversified aerospace and defense supplier with enhanced scale. KKR acquired CIRCOR through its North America Fund XIII. The transaction reflects KKR’s long-standing conviction in themes that are increasingly important in today’s geopolitical environment, including defense modernization and supply chain resilience. CIRCOR’s Naval business, amongst other KKR private equity investments, will continue to provide KKR with exposure to these strategically important end markets. “Today’s announcement marks an exciting chapter for CIRCOR and reflects the tremendous work and dedication of the entire CIRCOR Aerospace team,” said Saif Siddiqui, Chief Executive Officer of CIRCOR. “With KKR’s support, the business strengthened its culture of ownership and execution, accelerating performance, and further establishing CIRCOR Aerospace as a world-class solution provider for our customers. We are pleased with the strong foundation the team has established and look forward to watching the business continue to grow as part of Parker Hannifin. In our next phase, we at CIRCOR remain dedicated to strengthening the Company’s Industrial and Naval businesses through both organic growth and strategic acquisitions.” "CIRCOR Aerospace has created a highly differentiated business with proprietary solutions and deep customer relationships across critical aerospace and defense programs, and we are grateful for everything they have achieved under our ownership," said Josh Weisenbeck, Partner at KKR that leads KKR’s Industrials industry team within KKR's North American Private Equity platform. “This latest transaction underscores continued momentum across our industrials portfolio, marking our fourth realization in the sector this year.” In early 2024, CIRCOR launched its broad-based employee ownership program, making all CIRCOR employees owners of the Company. At transaction close, all CIRCOR employees will receive a dividend distribution funded by a portion of the sale proceeds and in recognition of the continued strong performance of CIRCOR’s Industrial and Naval businesses. KKR sees meaningful opportunity to further scale both businesses going forward. KKR and CIRCOR were advised by Goldman Sachs & Co. LLC and Evercore as financial advisors, and Kirkland & Ellis LLP as legal advisor on the transaction. The transaction is expected to close in the second half of 2026, subject to customary closing conditions and regulatory approvals. About CIRCOR International, Inc. Founded in 1999, CIRCOR International, Inc. designs, manufactures and markets differentiated flow control products and sub-systems for Aerospace & Defense and Industrial customers. The Company has a diversified product portfolio of recognized, market-leading brands (Allweiler®, Houttuin™, Imo®, Hale Hamilton, Aerodyne Controls, Circle Seal Controls, CIRCOR Aerospace, RTK®, CIRCOR Industria, CIRCOR Bodet, Schroedahl®, Tushaco®, Warren® and Zenith®) that fulfill its customers’ mission critical needs. CIRCOR markets its solutions directly and through various sales partners to more than 14,000 customers in approximately 100 countries. The Company has a global presence with approximately 3,500 employees and is headquartered in Burlington, Massachusetts. For more information, visit the Company’s website at http://circor.com. About KKR KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260520542910/en/ Media
KKR
Sarah Moon
media@kkr.com CIRCOR
Jennifer Edwards
Jennifer.edwards@circor.com Original: KKR Sells CIRCOR Aerospace to Parker Hannifin for $2.55 Billion
US Market News
1月前
KKR Closes Acquisition of Arctos PartnersMay 5, 2026 6:30 AM
Business Wire Arctos will be part of KKR Solutions, a new investing business within KKR KKR & Co. Inc., a leading global investment firm, today announced that it has closed its previously announced acquisition of Arctos Partners (“Arctos”), a premier institutional investor in professional sports franchise stakes globally and a leader in asset management solutions for sponsors. The transaction has received the specified sports league approvals required for closing. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260504956768/en/ Founded by Ian Charles and Doc O'Connor in 2019 and headquartered in Dallas, Texas, Arctos has the largest institutional portfolio of professional sports franchises and is a recognized innovator in providing strategic capital to asset management firms through structured solutions. The firm manages approximately $16 billion in assets under management and provides bespoke growth and liquidity solutions to sports franchises (“Arctos Sports”) and alternative asset managers (“Arctos Keystone” or “GP Solutions”). “We are thrilled to welcome Arctos to KKR,” said Joe Bae and Scott Nuttall, Co-Chief Executive Officers of KKR. “Our firms have strong cultural alignment and shared entrepreneurial roots. Ian and Doc have built a highly distinctive market leading platform, and we look forward to partnering with them and their team to support the continued growth of the business and further strengthen KKR’s sourcing and origination capabilities.” As a result of the transaction, Ian Charles, Doc O’Connor and the rest of Arctos have become part of KKR Solutions, a new investing business within KKR that is led by Ian Charles. KKR Solutions includes Arctos’ Sports and Keystone businesses and will serve as the home of a scaled multi-asset class secondaries business KKR will build over time. “This transaction is a milestone for Arctos and our partners, representing the strength of our strategy and KKR’s belief in our team,” said Arctos’ Managing Partners Ian Charles and Doc O’Connor. “With KKR’s deep expertise and global platform, we are well positioned to accelerate our mission of building a differentiated investment platform that delivers innovative, tailored capital solutions to sports franchises and alternative asset managers, while expanding our impact across the industries we serve.” About KKR KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com. About Arctos Arctos is an investment firm designed to catalyze growth and unlock value in complex, illiquid, and underserved markets. Founded in 2019, the firm’s investment businesses span capital solutions for alternative asset managers (Arctos Keystone) and premier sports franchises (Arctos Sports), delivering bespoke capital solutions, differentiated insights, and purpose-built operating capabilities to industry leaders in both markets. The firm’s innovative approach is anchored by its quantitative research and data science platform, Arctos Insights. Arctos has a team of more than 75 investment and operational professionals with expertise across industries, geographies, and economic cycles. The firm is headquartered in Dallas, with office locations in New York, Boston, and London. For more information, visit www.arctospartners.com or Arctos’ company page on LinkedIn. Forward Looking Statements This press release contains certain forward-looking statements pertaining to KKR, including with respect to Arctos. Forward-looking statements relate to expectations, beliefs, future plans and strategies, anticipated events and similar expressions concerning matters that are not historical facts and which can change as a result of many possible events or factors, not all of which are known to KKR or within its control, and, as a result, may vary materially. Information about factors affecting KKR, including a description of risks that should be considered when making a decision to purchase or sell any securities of KKR, can be found in KKR & Co. Inc.’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 27, 2026, and its other filings with the SEC, which are available at www.sec.gov. View source version on businesswire.com: https://www.businesswire.com/news/home/20260504956768/en/ Investors
Craig Larson
1-877-610-4910 (U.S.) / 212-230-9410
investor-relations@kkr.com KKR Media
Kristi Huller
media@kkr.com Arctos Media
Prosek Partners
Pro-Arctos@Prosek.com Original: KKR Closes Acquisition of Arctos Partners
US Market News
1月前
KKR and XPV Water Partners Agree to Sell Axius WaterMay 4, 2026 4:15 PM
Business Wire KKR, a leading global investment firm, and XPV Water Partners, a leading water-focused investment firm, today announced the signing of a definitive agreement to sell Axius Water (“Axius”) to CRH, a leading building materials company. Formed in 2019 by KKR and XPV to unify high-potential companies across nutrient management, Axius has grown into a global leader in advanced water quality solutions. "As pressures on global water systems intensify, water quality challenges in developed markets are mounting. We formed Axius alongside XPV to help address these challenges, bringing together specialized businesses into a scaled platform with real depth of talent and expertise," said Kyle Matter, Managing Director and Head of North America Global Impact at KKR. "Purpose-built to meet a critical global need, Axius exemplifies our Global Impact strategy. We are proud of what Chris and the team have accomplished and believe CRH is the right choice to carry that momentum forward.” "Over the past several years, we've assembled a talented team and a unique set of capabilities in water quality, and I'm incredibly proud of what we've built with KKR and XPV. We're excited to enter this next chapter with CRH, whose resources and reach will allow us to bring our solutions to even more communities facing these challenges," said Chris McIntire, Axius Water CEO. “Together with KKR, we’ve supported the company in building out its core scaling capabilities, enabling a broader deployment of water quality solutions that are needed to meet a growing demand,” said David Henderson, Managing Partner at XPV Water Partners. “We’re proud of the progress to date and believe CRH is well positioned to take that platform to the next level.” The transaction is expected to close in Q2 2026, subject to customary regulatory approvals and closing conditions. About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com. About XPV Water Partners
XPV Water Partners is a team of experienced growth investors and business builders committed to making a difference in water. With more than US $1 billion in AUM, XPV leverages exceptional talent, deep industry knowledge, and a proven growth platform to rapidly scale businesses, generate superior returns for all stakeholders, and meaningfully contribute to a water-secure future. For more information, visit www.xpvwaterpartners.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260504697239/en/ KKR Media
media@kkr.com Original: KKR and XPV Water Partners Agree to Sell Axius Water
US Market News
1月前
Reserv Announces $125 Million Series C Financing Led by KKR to Accelerate AI-Driven Transformation of Insurance ClaimsMay 4, 2026 7:03 AM
Business Wire
Reserv Inc. (“Reserv”), the parent company of Reserv Claims Analysis, LLC - the Property and Casualty (P&C) Insurance industry’s largest AI-native third-party administrator (“TPA”) - and Reserv Technologies, LLC - a claims intelligence provider - today announced a $125 million Series C funding round led by KKR, with participation from existing investors including Bain Capital Ventures and Flourish Ventures, as well as select strategic partners and clients.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260504407536/en/Reserv co-founders CJ Przybyl and Martha Dreiling
Founded in 2022, Reserv provides TPA services and technology to nearly 200 insurers, corporate captives, MGAs, and brokers. The company has achieved strong commercial traction, with annual recurring revenue (ARR) reaching $100 million and rapid year-on-year growth as it scales its platform. With over 500 claims adjusters on staff, Reserv has more than doubled its claims processing capacity every year while continuing to improve claims outcomes, provide data transparency, and innovate new technology solutions for its client partners. The investment from funds and accounts managed by KKR is expected to help Reserv continue to more than double its claim capacity every year from 500,000 annual complex claims capacity today to 30 million in the next four years, which means creating enough capacity to service and automate a significant portion of the P&C industry across non-field-based commercial claims.
“We started this company to prove how seamless claims processing could be if technology wasn’t the bottleneck - with ongoing feature evolution instead of constant system overhauls. And our focus is not just on claims processing tools, but automation of the entire organization,” said CJ Przybyl, co-founder and CEO. “Reserv has now reached a scale - in claims processing capacity, technology velocity, data accumulation, and people transformation capabilities - where we can automate even the most complex claims. This enables an adjuster-led, empathetic experience, with every ‘i’ dotted and ‘t’ crossed with the support of AI and built on an infinitely scalable, purpose-built platform and flexible tech stack.”
“What Reserv has done from an AI and operational perspective to deliver faster and better quality outcomes for its customers is truly differentiated in the market,” said Patrick Devine, Partner at KKR. “We’re excited to partner with this high-calibre management team, which has the rare combination of innovation, agility, and operational sophistication to rapidly scale to meet customer needs and deliver differentiated outcomes compared to legacy claims handling approaches,” added Elliot Bell, Principal at KKR.
"After scaling York Risk Services into one of the nation's largest TPAs, I've seen virtually every claims model the industry has produced,” said Rick Taketa, Board Member and former CEO of York Risk Services. “What Reserv has built is genuinely different—AI-driven capabilities that go beyond automation to meaningfully improve outcomes for claimants and customers alike. KKR's investment reflects what I've seen firsthand: this is a company positioned to lead the next phase of innovation in claims, with its most significant impact still ahead."
The Reserv Glance™ claims platform enables customers to migrate any size of historical and open claims into a centralized database. It then uses fully explainable AI to analyze and act on critical claims, while scaling human and automated workflows quickly. This enables customers to phase out legacy claims systems and operations in a matter of weeks. Clients can choose how much automation they want to apply — from automated handling of simpler claims to more supported approaches for complex cases. Reserv operates in a “post-AI” environment, where the latest AI tools are immediately production-ready and integrated into the platform. The emphasis shifts from building standalone tools to supporting adjuster and insurer teams as they adapt their processes to this pace of innovation.
The investment will be made primarily through KKR’s Next Generation Technology Growth strategy, which builds on the firm’s established track record in technology investing, and leverages KKR’s institutional knowledge from investing extensively across the insurance value chain.
Reserv was advised by Paul Hastings as legal adviser. KKR was advised by Gibson Dunn as legal adviser.
About Reserv
Reserv is an AI-native third-party administrator (TPA) and software provider for property and casualty insurance. Purpose-built by claims and technology veterans, Reserv delivers tech-forward claims handling at scale, enabling insurers to drive down loss costs, streamline operations, and improve the customer experience. Learn more at www.reserv.com.
About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260504407536/en/
Reserv
marketing@reserv.com
KKR
Julia Leeger
media@kkr.com
Original: Reserv Announces $125 Million Series C Financing Led by KKR to Accelerate AI-Driven Transformation of Insurance Claims
US Market News
1月前
Flow Control Group to Receive Investment from Neuberger Private MarketsApril 30, 2026 5:00 PM
Business Wire
Flow Control Group (“the Company” or “FCG”), a leading North American network of technical flow control and industrial automation distributors and solutions providers, today announced that KKR, the Company’s existing investor, and Neuberger Private Markets (“Neuberger”) have agreed to jointly acquire the Company. As part of this transaction, funds managed by KKR will maintain majority ownership of FCG, with Neuberger holding a significant minority interest in the Company.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260429172174/en/
Since KKR’s initial acquisition of Flow Control Group in 2021, the Company has scaled into a preeminent platform in the distribution sector with revenue and EBITDA more than tripling over KKR’s ownership period. This has been driven by a strategy focused on growing the business organically, while also expanding through strategic acquisitions. By advancing cross-selling, expanding technical service capabilities, and investing extensively in digital and IT infrastructure, KKR has helped broaden the Company’s reach across new end-markets and strengthen technical offerings that serve critical North American industries.
This growth includes substantial investments in FCG’s workforce of over 1,000 technical sales professionals and 600 service technicians, who support customers in key end-markets like water & wastewater, life sciences, aerospace & defense, food & beverage, power generation, and high-growth segments such as data centers and advanced automation. Through differentiated training and recruitment efforts, FCG has invested extensively in its best-in-class workforce. These efforts have allowed FCG to take a differentiated partnership approach with suppliers and customers.
“Flow Control Group exemplifies KKR’s approach of taking great businesses to the next level through a combination of strategic acquisitions and operational value creation,” said Josh Weisenbeck, Partner at KKR that leads KKR’s Industrials industry team within KKR’s North American private equity platform. “We are proud of the progress achieved to date and look forward to strategically partnering with Neuberger’s Private Markets team, FCG’s management team, and the many highly engaged employee-owners to support the Company’s next phase of growth.”
“We’ve followed Flow Control Group’s evolution over the past decade,” said David Stonberg, Deputy Head of Neuberger Private Markets, “and we view the platform as a best-in-class distributor and key technical provider for its customers in industries benefiting from favorable tailwinds. As a result of its strong technical differentiation, resilient business model, and proven track record of growth, we couldn’t be more pleased to collaborate with KKR, the management team, and FCG’s employee-owners to support the Company’s continued expansion and long-term value creation.”
At the time of KKR’s 2021 acquisition, KKR implemented a broad-based ownership program, whereby all employees of Flow Control Group became owners in the Company.
“One of the most impactful parts of working with KKR was their focus on employee ownership and engagement,” said Raymond Aronoff, Chief Executive Officer and President of Flow Control Group. “Throughout our strategic partnership, we’ve created a winning culture oriented around ownership. This includes our ‘Pathway to the Summit’ – a shared strategic vision to guide employee-owners toward a successful financial outcome for all stakeholders. Alignment around a strong vision of value-added distribution and technical services, coupled with a true sense of ownership by all employees, supported FCG’s transformation into a scaled platform focused on delivering critical products, solutions, and technical expertise to our valued customers and suppliers. KKR has played a critical role in supporting our growth, and we are excited to welcome Neuberger as we continue to expand our capabilities, invest in our team, and pursue new opportunities across our markets.”
As part of this ownership program and contingent on the successful closing of the sale, all of the Company’s more than 3,000 employees will receive cash payouts. With a continued commitment to employee ownership, KKR and Neuberger intend to re-establish the broad-based ownership program at FCG following the closing. Neuberger has also been a member of Ownership Works’ coalition of financial services partners that support the creation of financial opportunity for all employees and build stronger businesses in the process.
The transaction, which is subject to regulatory approvals, is expected to close in Q2 2026.
KKR and FCG were advised by Solomon Partners as financial and M&A advisor, and Kirkland & Ellis and Debevoise served as legal advisors on this transaction. Evercore served as financial advisor and Latham & Watkins served as legal advisor to Neuberger.
About Flow Control Group
Headquartered in Charlotte, North Carolina, Flow Control Group is a systems-oriented industrial solutions company powered by a network of over 120 specialized distribution and service providers across the U.S. and Canada. Combining distribution strength, technical expertise, engineered systems, automation and service, FCG helps customers operate at the highest levels of efficiency and solve complex operational challenges across their facilities.
Through access to more than 3,000 suppliers and deep industry and application knowledge, Flow Control Group supports critical flow, control, and automation systems across a wide range of end markets.
About Neuberger Private Markets
Neuberger Private Markets is a division of Neuberger and has been an active and successful private markets investor since 1987. Neuberger Private Markets invests across strategies, asset classes, and geographies for a large number of sophisticated and renowned institutions and individuals globally. As of December 31, 2025, Neuberger Private Markets manages over $155 billion of investor commitments across primaries, co-investments, secondaries, private credit, and specialty strategies. Neuberger Private Markets has an experienced and diverse team of over 500 professionals with a global presence in 17 offices globally.
About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260429172174/en/
Media Contacts
Flow Control Group
Karrie Williams
fcgcommunications@flowcontrolgroup.com
Neuberger
Soogyung Jordan
soogyung.jordan@nb.com
KKR
Sarah Moon
media@kkr.com
Original: Flow Control Group to Receive Investment from Neuberger Private Markets
US Market News
1月前
FSK Reschedules Earnings Release and Conference Call for First Quarter 2026April 28, 2026 4:15 PM
PR Newswire (US)
PHILADELPHIA and NEW YORK, April 28, 2026 /PRNewswire/ -- Due to a scheduling conflict, FS KKR Capital Corp. (NYSE: FSK) announced today that it has rescheduled the release of its first quarter 2026 results and accompanying earnings call. FSK will now release its first quarter 2026 results before the opening of trading on the New York Stock Exchange on Monday, May 11, 2026.
FSK will host its first quarter 2026 results conference call via live webcast on Monday, May 11, 2026 at 9:00 a.m. (Eastern Time). All interested parties are welcome to participate and can access the live webcast from the For Investors section of FSK's website at www.fskkrcapitalcorp.com under Events & Presentations or through the following URL: https://edge.media-server.com/mmc/p/ysenbwyi.Research analysts who wish to participate in the conference call are requested to register a day in advance or at a minimum 15 minutes before the start of the call using the following URL: https://register-conf.media-server.com/register/BI86a0953ea3aa44758a814b6928917e4c. Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number along with a unique PIN number that can be used to access the call.An investor presentation of financial information will be available by visiting the For Investors section of FSK's website, under Events & Presentations before the market open on Monday, May 11, 2026.A replay of the call will be available beginning shortly after the end of the call by visiting the For Investors section of FSK's website, under Events & Presentations.About FS KKR Capital Corp.FSK is a leading publicly traded business development company (BDC) focused on providing customized credit solutions to private middle market U.S. companies. FSK seeks to invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market companies. FSK is advised by FS/KKR Advisor, LLC. For more information, please visit www.fskkrcapitalcorp.com.About FS/KKR Advisor, LLC FS/KKR Advisor, LLC (FS/KKR) is a partnership between Future Standard, formerly FS Investments, and KKR Credit that serves as the investment adviser to FSK and other business development companies.Future Standard is a global alternative asset manager serving institutional and private wealth clients, investing across private equity, credit and real estate. With a 30+ year track record of value creation and over $93 billion in assets under management, we back the business owners and financial sponsors that drive growth and innovation across the middle market, transforming untapped potential into durable value.KKR Credit is a subsidiary of KKR & Co. Inc., a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group's website at www.globalatlantic.com.Contact Information:Investor Relations
Caitlin Welch
Caitlin.Welch@futurestandard.comFuture Standard Media Team
Marc Hazelton
Marc.Hazelton@futurestandard.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/fsk-reschedules-earnings-release-and-conference-call-for-first-quarter-2026-302756223.htmlSOURCE Future Standard
Original: FSK Reschedules Earnings Release and Conference Call for First Quarter 2026
US Market News
1月前
Vertical Bridge Announces $1.5 billion Strategic Equity Investment from KKRApril 22, 2026 4:30 PM
Business Wire
Vertical Bridge REIT, LLC (“Vertical Bridge” or the “Company”), the largest private owner and operator of communications infrastructure in the United States, and leading global investment firm KKR today announced that KKR will make a $1.5 billion equity investment in the Company to support its future growth.
The addition of KKR as a new investor establishes a fully funded, long-term capital structure that supports Vertical Bridge’s strategic plan and reinforces the Company’s position as a permanent owner and operator of a nationwide portfolio of more than 17,000 towers.
“This transaction provides us with the resources to continue developing our portfolio at scale while maintaining our disciplined, returns-focused approach to capital deployment,” said Ron Bizick, President and CEO of Vertical Bridge. “We are pleased to have KKR as an experienced, long-term investor as we expand our platform, advance organic development, and selectively pursue M&A opportunities that strengthen our portfolio, while continuing to deliver the agile, customer-focused approach that defines Vertical Bridge.”
“The convergence of 5G densification, edge compute, and surging data demand is creating a structural need for more and better located wireless infrastructure,” said Waldemar Szlezak, Global Head of Digital Infrastructure at KKR. “Vertical Bridge has built a scaled, high-quality tower platform with a strong track record of execution and a differentiated, partnership-oriented approach, all underpinned by a best-in-class management team. This investment builds upon KKR's foundation as a leading investor in mission-critical digital infrastructure, and we look forward to supporting the company's next phase of growth.”
To date, KKR has invested more than $40 billion in equity in digital infrastructure globally. This investment builds on KKR’s existing tower portfolio including Vantage Towers in Europe and Pinnacle Towers in the Philippines, and on past investments such as Telxius and Hivory Towers. KKR is funding its investment primarily through its core infrastructure strategy.
Vertical Bridge’s existing sponsors, DigitalBridge and La Caisse, also participated in the equity investment and remain committed long-term partners to the Company.
“DigitalBridge is proud to continue supporting Vertical Bridge alongside our long-standing investment partner La Caisse and now KKR,” said Marc Ganzi, CEO of DigitalBridge. “Vertical Bridge’s disciplined growth strategy, operational excellence, and focus on partnership have consistently positioned the company to meet increasing demand for communications infrastructure. We remain confident in the platform and committed to supporting the team as they continue to scale.”
“Vertical Bridge has experienced phenomenal growth these last few years both organically and through acquisitions, reaching a high level of scale and operating maturity,” said Emmanuel Jaclot, Executive Vice-President and Head of Infrastructure and Sustainability at La Caisse. “Since our initial investment alongside DigitalBridge, the company has consistently executed through market cycles, and the addition of a strategic partner like KKR reinforces a capital base built for the long term and aligned with the needs of critical connectivity infrastructure.”
Advisors and Financial Sponsors
Centerview Partners LLC served as exclusive financial advisor to Vertical Bridge, and Simpson Thacher & Bartlett LLP served as Vertical Bridge’s legal advisor. Barclays and Houlihan Lokey served as financial advisors to KKR, and Kirkland & Ellis LLP served as KKR’s legal advisor.
About Vertical Bridge
Vertical Bridge REIT, LLC, is the largest private owner and operator of wireless communications infrastructure in the United States and has a nationwide portfolio of over 17,000 towers. The company provides build-to-suit and colocation solutions to the telecommunications industry.
In 2020, Vertical Bridge became the first tower company in the world to achieve the CarbonNeutral® company certified status and has been recertified every year since. For more information, please visit www.verticalbridge.com.
About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit, and real assets, and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.
About DigitalBridge
DigitalBridge (NYSE: DBRG) is a leading global alternative asset manager dedicated to investing in digital infrastructure. With a heritage of more than 30 years investing in and operating businesses across the digital ecosystem, including cell towers, data centers, fiber, small cells, and edge infrastructure, DigitalBridge manages infrastructure assets on behalf of its limited partners and shareholders. The firm is headquartered in Boca Raton, Florida, with offices across North America, Europe, the Middle East, and Asia. For more information, visit www.digitalbridge.com.
About La Caisse
At La Caisse, formerly CDPQ, we have been investing for 60 years with a dual mandate: generate optimal long-term returns for our 48 depositors, who represent over 6 million Quebecers, and contribute to Québec’s economic development.
As a global investment group, we are active in the major financial markets, private equity, infrastructure, real estate, and private credit. As at December 31, 2025, La Caisse's net assets totaled CA$517 billion. For more information, visit lacaisse.com or consult our LinkedIn or Instagram pages.
La Caisse is a registered trademark of La Caisse de dépôt et placement du Québec that is protected in Canada and other jurisdictions and licensed for use by its subsidiaries.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260422911235/en/
Media:
Vertical Bridge REIT, LLC
JSA
1-866-695-3629
jsa_vb@jsa.net
KKR
Liidia Liuksila
Media@KKR.com
DigitalBridge
Joele Frank, Wilkinson Brimmer Katcher
1-212-355-4449
dbrg-jf@joelefrank.com
La Caisse
Conrad Harrington
1-514-847-5493
charrington@lacaisse.com
Original: Vertical Bridge Announces $1.5 billion Strategic Equity Investment from KKR
US Market News
2月前
KKR and Samsung SDS Form Strategic Partnership to Drive Long-Term Value CreationApril 14, 2026 7:47 PM
Business Wire
KKR to become active minority investor through KRW 1.22 trillion ($820 million) investment
KKR, a leading global investment firm, and Samsung SDS, a leading enterprise IT solutions company (the “Company”) and a member of Samsung Group, today announced a strategic partnership to support Samsung SDS’ next phase of growth and long-term value creation.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260414166241/en/
Under the strategic partnership, KKR, through funds managed by KKR, and Samsung SDS will closely collaborate on a range of value creation initiatives for the Company, including supporting organic and inorganic growth strategies, accelerating the Company’s expansion as a full-stack AI solutions provider, and expanding into new business areas. KKR will also serve in an active advisory capacity to Samsung SDS’ management team, particularly in areas including M&A, capital allocation, and supporting the Company’s efforts to pursue strategic growth opportunities globally.
In connection with the strategic partnership, funds managed by KKR have entered into definitive agreements to acquire KRW 1.22 trillion ($820 million) of convertible bonds newly issued by Samsung SDS. The Company intends to utilize the investment, together with its existing resources, to strengthen its infrastructure and capabilities and reinforce its competitive position in key growth areas, including end-to-end AI transformation services.
Established in 1985, Samsung SDS is a leading provider of enterprise IT solutions. The Company delivers a comprehensive suite of services spanning cloud, digital transformation, artificial intelligence, and logistics to a global customer base across industries. As a core strategic priority, the Company continues to expand its AI transformation (AX) business through sustained investments in AI infrastructure, platforms, and capabilities. With approximately 26,000 employees and annual revenue of KRW 14 trillion, Samsung SDS combines scaled delivery capabilities with deep technical expertise and is well positioned to support its customers’ evolving needs for cloud adoption and digital transformation.
Chung Ho Park, Partner and Head of Korea at KKR, said, “This unique strategic partnership brings together Samsung SDS, part of one of Korea’s most established conglomerates, with KKR’s global experience in long-term value creation. Against a backdrop of increasing demand for digital transformation and AI solutions, we have strong conviction in Samsung SDS’ market leadership and growth potential by playing a critical role in advancing Korea’s digital capabilities and infrastructure. We look forward to leveraging KKR’s global network, deep local experience, and operational expertise to take the Company to its next stage of transformation as hands-on, active investors to drive long-term value creation for all shareholders and stakeholders.”
Jun Hee Lee, President and CEO of Samsung SDS, commented, “We are delighted to welcome KKR as a strategic investor as we continue to advance our growth strategy. Through this strategic collaboration, we will actively explore a wide range of growth opportunities, including M&A, by leveraging KKR’s expertise accumulated in global capital markets. Through cooperation between the two companies, we will continue to work closely together to enhance Samsung SDS’ corporate value and strengthen its foundation for global growth.”
KKR is making this investment primarily from its Asia Fund IV. This investment builds on KKR’s long-standing track record of investing in leading Korean companies with recent examples including Samhwa, MUSINSA, HD Hyundai Marine Solution, and SK Eternix. It also adds to KKR’s experience in the IT services sector globally, including FUJI SOFT, a leading system integrator in Japan; DATAGROUP, a leading IT solutions provider in Germany; a global full-lifecycle digital services transformation company Ness Digital Engineering; Devoteam, an IT and cloud services company focused on enabling digital transformation in France; and leading hybrid IT services provider Ensono in the US.
The transaction is expected to close during the second quarter, subject to customary closing conditions. Additional details of the transaction were not disclosed.
About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.
About Samsung SDS
Founded in 1985, Samsung SDS is an ICT company with solutions which have been leading the digital transformation and innovation of clients for over 30 years across a wide range of industries. With operations in more than 40 countries, Samsung SDS' solutions utilize advanced analytics platforms, AI, blockchain, cloud technologies to serve a diverse range of industries including financial services, smart manufacturing, global logistics, and retail.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260414166241/en/
Media Contacts
For KKR:
Wei Jun Ong
+65 6922 5813
WeiJun.Ong@kkr.com
James Jarman
+65 8870 6452
James.Jarman@kkr.com
For Samsung SDS:
pr_sds@samsung.com
+82 2 6155 1026
Original: KKR and Samsung SDS Form Strategic Partnership to Drive Long-Term Value Creation
US Market News
2月前
Apnimed Secures Up to $150 Million in Debt Financing with HealthCare Royalty Partners to Support Planned AD109 Commercial LaunchApril 6, 2026 8:00 AM
PR Newswire (US)
Strengthens balance sheet to support commercial readiness and planned U.S. launch of AD109 oral pill for the treatment of Obstructive Sleep Apnea (OSA)On track to submit New Drug Application (NDA) for AD109 later this quarterCAMBRIDGE, Mass., April 6, 2026 /PRNewswire/ -- Apnimed, Inc., a pharmaceutical company developing novel oral therapies for obstructive sleep apnea (OSA), today announced that it has entered into a senior secured credit facility for up to $150 million with funds managed by HealthCare Royalty Partners ("HCRx"). The capital is expected to support commercial readiness activities and the planned U.S. launch of Apnimed's lead product candidate, AD109, if approved by the U.S. Food and Drug Administration (FDA).
Under the terms of the agreement, Apnimed will receive $50 million at closing. An additional $50 million tranche will become available upon FDA approval of AD109, and the company may access a third $50 million tranche upon achievement of a pre-specified sales milestone, subject to customary closing conditions.The financing includes an interest-only period of four years, which is extended to five years, if Apnimed achieves a specified net sales milestone. Apnimed also agreed to pay a synthetic royalty equal to a low single-digit percentage of net sales of AD109 and certain other specified revenues, subject to customary terms and conditions."HCR is a highly respected healthcare investor with deep experience in credit financing, and their investment represents an important validation of our investigational product, AD109 and its commercial potential," said Larry Miller, Chief Executive Officer of Apnimed. "This strategic financing provides significant financial flexibility and supports our continued progress toward the potential U.S. commercialization of AD109, if approved.""With its focused regulatory and commercial strategy for AD109, a novel oral therapy designed to address the root causes of OSA, we believe Apnimed is uniquely positioned to meaningfully impact the treatment landscape for patients living with this serious disease," said Clarke Futch, Chairman and Chief Executive Officer of HealthCare Royalty Partners. "We look forward to supporting Apnimed's continued growth and mission to bring this innovative treatment option to patients as expeditiously as possible."Apnimed previously reported positive results from the pivotal SynAIRgy and LunAIRo Phase 3 trials for AD109, which will support the planned submission of a New Drug Application (NDA) to the U.S. Food and Drug Administration, expected later this quarter.About HealthCare RoyaltyHealthCare Royalty ("HCRx") is a leading royalty acquisition company founded in 2006 that is majority owned by KKR & Co. Inc. (NYSE: KKR). Over two decades, the HCRx team has developed a strong track record of investing in commercial-stage and near-commercial-stage biopharmaceutical assets, committing $7+ billion in over 110 biopharmaceutical products. With offices in New York, Stamford, San Francisco, Boston, London and Miami, HCRx continues to advance biopharmaceutical innovation by providing innovative capital solutions to counterparties. For more information, visit https://www.hcrx.com. HEALTHCARE ROYALTY®, HEALTHCARE ROYALTY PARTNERS® and HCRx® are registered trademarks of HealthCare Royalty Management, LLC.About AD109AD109 is designed to be the first pharmacological treatment to improve oxygenation during sleep by directly addressing the neuromuscular root cause of upper airway collapse in people with OSA. It is a first-in-class combination of aroxybutynin, a novel antimuscarinic, and atomoxetine, a selective norepinephrine reuptake inhibitor (NRI). Their combined pharmacological synergy is designed to target the underlying neuromuscular cause of OSA. AD109 is a once-daily pill taken at bedtime that is designed to lower the complexity of intervention and may help more people benefit from effective, restorative sleep. In a disease characterized by complex and invasive treatment options, AD109 may be a simple solution to help improve oxygenation and health wellbeing for people living with OSA. About Obstructive Sleep Apnea OSA is a serious, chronic sleep-related breathing disease in which the upper airway repeatedly collapses during sleep, leading to intermittent oxygen deprivation. It is caused by two overlapping mechanisms: neuromuscular dysfunction during sleep and predisposing anatomic abnormalities. OSA affects individuals across all walks of life, impacting both males and females of all age groups, ethnicities, and weight classes, including those with or without obesity. An estimated 80 million people in the United States and one billion people worldwide suffer from OSA. An individual with OSA can experience hundreds of sleep apnea events in a single night, each one reducing the blood oxygen levels and negatively impacting cellular functions vital to normal health and function. Failure to effectively treat OSA increases the risk of serious long-term health consequences, including cardiovascular, neurocognitive and cardiometabolic damage and heightened mortality. Yet, many patients diagnosed with OSA remain untreated.About Apnimed Apnimed is a privately held late-stage clinical pharmaceutical company dedicated to the discovery, development and commercialization of novel oral therapies that address the neurobiology of sleep-related breathing diseases. We believe the introduction of simple, once-nightly oral drugs has the potential to expand diagnosis and the reach of treatment for people with OSA. We believe that OSA would benefit from having multiple drugs with differing mechanisms to more fully address the heterogeneity of disease pathophysiology. Apnimed envisions a new era where novel oral therapies simplify intervention, expand the reach of diagnosis and treatment, and help more people get the oxygen and restorative sleep needed to thrive.Based in Cambridge, Mass., Apnimed is advancing AD109, designed to improve oxygenation in individuals living with OSA. We believe that AD109 could become the catalyst for a new oral treatment paradigm for OSA that has been historically limited to cumbersome devices or invasive surgeries. AD109 has completed two Phase 3 clinical trials for the treatment of mild, moderate and severe OSA and Apnimed plans to submit its New Drug Application (NDA) to the U.S. Food and Drug Administration (the FDA) in the second quarter of 2026.Learn more at apnimed.com or follow us on X and LinkedIn. Media Contact:
media@apnimed.comInvestor Contact:
ir@apnimed.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/apnimed-secures-up-to-150-million-in-debt-financing-with-healthcare-royalty-partners-to-support-planned-ad109-commercial-launch-302734406.htmlSOURCE Apnimed, Inc.
Original: Apnimed Secures Up to $150 Million in Debt Financing with HealthCare Royalty Partners to Support Planned AD109 Commercial Launch
US Market News
2月前
KKR and Taiyo Holdings Agree to Privatization to Accelerate Long-Term GrowthMarch 31, 2026 11:00 AM
Business Wire
KKR Tender Offer Receives Support from Taiyo Holdings’ Board, Largest Shareholders and Founding Family
KKR, a leading global investment firm, and Taiyo Holdings Co., Ltd. (“Taiyo Holdings” or the “Company”; TSE stock code 4626), announced today that KJ005 Co., Ltd. (the “Offeror”), an entity owned by investment funds managed by KKR, intends to make a tender offer to acquire all the common shares of Taiyo Holdings (the “Tender Offer”). Taiyo Holdings’ Board of Directors has resolved to support the Tender Offer. In addition, DIC Corporation (“DIC”), Taiyo Holdings’ largest shareholder, Kowa Co., Ltd. (“Kowa”), an asset management company affiliated with Taiyo Holdings’ founding family, and funds managed by Oasis Management Company Ltd. (“Oasis”) have each entered into agreements to participate in the Tender Offer or related transactions to privatize the Company. With these agreements in place, KKR has secured support for the transaction from the shareholders representing approximately 42.2% of the Company’s outstanding shares1.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260330364697/en/
Taiyo Holdings is a leading global manufacturer of electronic materials, including solder resist for printed circuit boards. The Company also operates a medical and pharmaceutical business. As part of its long-term management plan “Beyond Imagination 2030,” Taiyo Holdings recognizes the importance of capturing growth opportunities in its electronics business driven by the rapid expansion of generative AI, data centers, and communications infrastructure, while also advancing structural reforms and expanding its contract manufacturing business in the medical and pharmaceutical field. Taiyo Holdings concluded that privatization would provide the best pathway to its growth strategy by enabling it to focus on long-term strategy and more agile decision-making. After carefully evaluating several proposals, Taiyo Holdings concluded that a privatization by KKR, with its deep sector experience, global network, and operational expertise, presents the best way forward for Taiyo Holdings to create value for its shareholders and accelerate its growth strategy for the long term.
The proposed Tender Offer price will be JPY 4,750 per common share, which represents:2
A premium of 117.19% to the six-month average unaffected closing price of Taiyo Holdings’ shares as of May 27, 20253; and
A premium of 140.14% to the six-month average unaffected closing price of Taiyo Holdings’ shares as of February 18, 2025.4
In conjunction with the Tender Offer, KKR has entered into agreements with DIC and Kowa, who have each agreed to sell their shares to Taiyo Holdings through a share consolidation and buyback to be implemented following the successful completion of the Tender Offer. Following the privatization, Taiyo Holdings’ founding family plans to re-invest in KJ005HD Co., Ltd., the KKR-managed investment vehicle that will own Taiyo Holdings. KKR has also entered into a tender agreement with Oasis whereby Oasis will tender its shares representing approximately 15.62% of Taiyo Holdings outstanding shares into the Tender Offer.
Eiji Yatagawa, Partner and Head of Japan Private Equity at KKR, said, “We are pleased to have the opportunity to support the growth of Taiyo Holdings, a leading electronics materials manufacturer with a long track record of technical expertise and manufacturing excellence. We look forward to leveraging KKR’s global network and operational expertise in the advanced materials and pharmaceutical sectors to help Taiyo Holdings unlock future growth and greater value for its clients.”
Hitoshi Saito, President and Chief Executive Officer of Taiyo Holdings, said, “This strategic partnership with KKR marks an important milestone for Taiyo Holdings. As a private company, we will be able to pursue long-term investments in our core technologies with greater focus and stability, which we could not achieve on our own, through our corporate value enhancement initiative, ‘Beyond Boundaries’—an initiative that embodies our commitment to transcending various limitations and boundaries in order to achieve our long-term management plan for ‘Beyond Imagination 2030’. We share KKR’s belief that sustainable growth is built together with employees, and their focus on employee ownership closely aligns with our long-held culture of partnership. By combining our technological foundation with KKR’s global network and operational expertise, we will advance Taiyo Holdings toward its next chapter.”
KKR is making this investment as part of its flagship Asia Pacific private equity strategy. KKR has been investing in Japan for two decades and manages more than $20 billion in assets under management in the country. KKR’s investments in Japan include KOKUSAI ELECTRIC, a leading global supplier of semiconductor manufacturing equipment; Bushu Pharma, a pharmaceutical CDMO; Topcon, a manufacturer of optical equipment for eye care and machine control equipment; FUJI SOFT, a leading IT services company; and LOGISTEED, a global third-party logistics provider.
The Offeror expects to commence the Tender Offer upon satisfaction of customary conditions including applicable regulatory approvals. For details regarding the Tender Offer, please refer to the full text of the release issued by the Offeror today titled “Notice Regarding the Planned Commencement of Tender Offer for Shares of Taiyo Holdings Co., Ltd. (Securities Code: 4626).”
About Taiyo Holdings
Taiyo Holdings operates across three business segments: its Electronics Business, which develops, manufactures, and sells materials for printed circuit boards (PCBs) and semiconductor packaging substrates, primarily solder resist; its Medical and Pharmaceutical Business, which manufactures and sells prescription drugs and provides contract manufacturing services; and its ICT&S Business, which includes information and communication technology solutions, fine chemicals, energy, food, and other related businesses. Taiyo Holdings is a global leader in solder resist, with a significant market presence. For more information, please visit https://www.taiyo-hd.co.jp/jp/index.html.
About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.
Disclaimers
This press release should be read in conjunction with the release issued by the Offeror today titled “Notice Regarding the Planned Commencement of Tender Offer for Shares of Taiyo Holdings Co., Ltd. (Securities Code: 4626)”, which is available on TDNet and on Taiyo Holdings’ website.
Forward-Looking Statements
This press release includes statements that fall under “forward-looking statements” as defined in Section 27A of the U.S. Securities Act of 1933 (as amended) and Section 21E of the U.S. Securities Exchange Act of 1934. Due to known or unknown risks, uncertainties or other factors, actual results may differ materially from the predictions indicated by the statements that are implicitly or explicitly forward-looking statements. Neither the Offeror nor any of its affiliates guarantees that the predictions indicated by the statements that are implicitly or expressly forward-looking statements will materialize. The forward-looking statements in this press release were prepared based on information held by the Offeror as of today, and the Offeror and its affiliates shall not be obliged to amend or revise such statements to reflect future events or circumstances, except as required by applicable laws and regulations.
No Offer or Solicitation
The purpose of this press release is to publicly announce the Tender Offer and it has not been prepared for the purpose of soliciting an offer to sell or purchase in the Tender Offer. When making an application to tender, please be sure to read the Tender Offer Explanatory Statement for the Tender Offer and make your own decision as a shareholder. This press release does not constitute, either in whole or in part, a solicitation of an offer to sell or purchase any securities, and the existence of this press release (or any part thereof) or its distribution shall not be construed as a basis for any agreement regarding the Tender Offer, nor shall it be relied upon in concluding an agreement regarding the Tender Offer.
U.S. Regulations
The Tender Offer will be conducted in compliance with the procedures and information disclosure standards set forth in Japanese law, and those procedures and standards are not always the same as the procedures and information disclosure standards in the U.S. In particular, neither Sections 13(e) nor 14(d) of the U.S. Securities Exchange Act of 1934 (as amended; the same shall apply hereinafter) nor the rules under these sections apply to the Tender Offer; and therefore the Tender Offer will not be conducted in accordance with those procedures and standards. In addition, because the Offeror is a corporation incorporated outside the U.S., it may be difficult to exercise rights or demands against the Offeror that can be asserted based on U.S. securities laws. It also may be impossible to initiate an action against a corporation that is based outside of the U.S. or its officers in a court outside of the U.S. on the grounds of a violation of U.S. securities-related laws. Furthermore, there is no guarantee that a corporation that is based outside of the U.S. or its affiliates may be compelled to submit themselves to the jurisdiction of a U.S. court.
Unless otherwise specified, all procedures relating to the Tender Offer are to be conducted entirely in Japanese. All or a part of the documentation relating to the Tender Offer will be prepared in English; however, if there is any discrepancy between the English-language documents and the Japanese-language documents, the Japanese-language documents shall prevail.
The Offeror, its and Taiyo Holdings’ respective financial advisors and the tender offer agent (and their respective affiliates) may purchase or arrange to purchase the common shares of the Company by means other than the Tender Offer, for their own account or for their clients’ accounts, including in the scope of their ordinary business, to the extent permitted under financial instruments and exchange-related laws and regulations and any other applicable laws and regulations in Japan, in accordance with the requirements of Rule 14e-5(b) of the U.S. Securities Exchange Act of 1934 after public announcement of the Tender Offer and during the Tender Offer period. Such purchases may be conducted at the market price through market transactions or at a price determined by negotiations off-market. In the event that information regarding such purchases is disclosed in Japan, such information will also be disclosed on the English website of the person conducting such purchases (or by any other method of public disclosure).
If a shareholder exercises its right to demand the purchase of shares of less than one unit in accordance with the Companies Act, the Company may buy back its own shares after public announcement of the Tender Offer and during the Tender Offer period in accordance with the procedures required by applicable laws and regulations.
1 Total number of issued and outstanding shares of the Company as of December 31, 2025 (116,839,616 shares) less number of treasury shares possessed by the Company as of such date (5,562,854 shares) which equals to 111,276,762 shares. Hereinafter the same shall apply.
2 Refers to the share price as adjusted for the impact of the 2-for-1 stock split effective December 1, 2025.
3 The day before speculative media reporting about the bidding process that impacted the Company’s share price.
4 The day Oasis filed a large shareholding report for Taiyo Holdings after market close.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260330364697/en/
Media Contacts
For Taiyo Holdings
PR Inquiry
https://www.taiyo-hd.co.jp/jp/contact/contact-pr.html
For KKR:
Wei Jun Ong
+65 6922 5813
weijun.ong@kkr.com
Samuel Brustad
+81 90 7094 2523
samuel.brustad@kkr.com
Original: KKR and Taiyo Holdings Agree to Privatization to Accelerate Long-Term Growth
US Market News
2月前
CoolIT Employees Share in $4.75 Billion Transaction as KKR Agrees to Sell to EcolabMarch 25, 2026 4:30 PM
Business Wire
KKR and its investors achieve 15x return
100% of CoolIT employees receive significant payouts
KKR, a leading global investment firm, today announced that it has entered into a definitive agreement to sell CoolIT Systems (“CoolIT” or “the Company”), a global leader in liquid data center cooling, to Ecolab in a transaction valued at $4.75 billion. The sale will represent one of KKR’s largest recent realizations, generating approximately 15x the original equity invested, inclusive of distributions. At the close of the transaction, all CoolIT employees will receive a substantial cash payout on their ownership in the Company. Mubadala Investment Company (“Mubadala”) also served as a co-investor in CoolIT.
A 25-year pioneer in liquid cooling, CoolIT designs and manufactures advanced systems that enable sustainable data center growth as AI-driven compute demand increases. While cooling can account for up to 50% of total facility energy use in traditional air-cooled data centers, liquid-cooled data centers use ~30-40% less energy for cooling while also reducing water consumption as a closed-loop system. Today, leading hyperscalers and data center operators rely on CoolIT’s liquid cooling technologies to improve energy efficiency and support higher-density AI infrastructure across more than 300 data centers globally.
KKR acquired CoolIT in 2023 through its Global Impact Fund II, which helps scale innovative commercial solutions to global challenges. In 2025, CoolIT’s solutions delivered an estimated 2.18 billion kWh in energy savings, enough to power approximately 200,000 homes for one year.
“We acted early on the conviction that rapid growth in computing demand would pose a significant challenge for data center efficiency, as traditional air-cooled systems can be incredibly energy- and water-intensive. As a leader in liquid cooling, CoolIT delivers compelling solutions that strengthen this critical infrastructure while reducing resource consumption,” said Kyle Matter, Managing Director and Head of North America Global Impact at KKR. “This outcome reflects exactly the type of opportunity we seek in our Global Impact strategy. We are proud of the CoolIT team’s accomplishments and believe the business is very well positioned for sustained growth.”
At the time of acquisition, CoolIT employees became owners in the business through a broad-based ownership program, aligning the entire organization around long-term value creation. With this sale, CoolIT’s 650 employees will receive cash payouts, ranging from approximately one year of annual pay for employees to over eight years of annual pay. Employees will also be eligible to receive pre-paid personal financial coaching and tax preparation services.
With the support of KKR, CoolIT delivered significant operational improvements and growth across the business, driven by a strong ownership mindset, continued product innovation, and expanded relationships with hyperscale customers. Since 2023, the Company has:
Doubled its workforce, adding more than 300 jobs
Expanded its manufacturing footprint to more than 300,000 square feet and increased coolant distribution unit (CDU) capacity by 25x
Positioned the business to deliver projected ~4x revenue growth and ~10x EBITDA growth through 2026
“CoolIT demonstrates the power of a true ownership culture in driving meaningful results for both companies and employees. When employees are owners, they have a direct stake in the company’s success and help drive the innovation and execution that fuel long-term growth,” said Pete Stavros, Partner and Global Co-Head of Private Equity at KKR. “This result reflects the team's dedication, and every employee gets to share in the upside.”
Following the close of the transaction, CoolIT’s leadership team, led by CEO Jason Waxman, is expected to remain in place and continue to run the business under the CoolIT name.
“This milestone is the result of the combination of CoolIT’s unique expertise and talent, KKR’s acumen in investing in high growth opportunities, and Ecolab’s track record of acquiring world-class technical capability,” said CoolIT CEO Jason Waxman. “I am grateful for KKR’s commitment and investment in our unprecedented growth. By combining CoolIT’s anchor technology with Ecolab’s proven strengths in water, chemistry, digital, and global service, we are creating holistic, end-to-end cooling capabilities. Together, we are positioning CoolIT and Ecolab as the industry’s most dynamic company in liquid cooling, one of the most important technologies for AI data centers.”
KKR focuses on employee engagement and broad-based equity participation as a key driver in building stronger companies and expanding financial opportunity. Since 2011, 85 KKR portfolio companies have awarded billions of dollars in equity to more than 190,000 non-senior management employees globally. This milestone represents KKR’s first broad-based ownership program payout in Canada and the first for its Global Impact strategy in North America.
“Our successful partnership with KKR and the CoolIT management team is a testament to the value that can be created through active management and aligned ownership, and we are proud of what has been achieved together. We are confident that CoolIT will continue to build on this momentum as it enters its next chapter,” said Abdulla Mohamed Shadid, Head of Energy and Sustainability, Private Equity at Mubadala.
The transaction, which is subject to customary regulatory approvals, is expected to close in Q3 2026.
Morgan Stanley & Co. LLC and Baird are serving as financial advisors and Kirkland & Ellis is serving as legal advisor to KKR and CoolIT.
About CoolIT Systems
CoolIT Systems specializes in scalable liquid cooling solutions for the world’s most demanding high-performance computing environments. Through its broad portfolio of modular direct liquid cooling (DLC) products, CoolIT enables dramatic increases in rack density, component performance and power efficiency across any high-density computing scenario. CoolIT collaborates with the top semiconductor manufacturers and cloud service providers to develop cooling technologies that enable ever greater computing performance and efficiency. Through its Liquid Lab™ R&D centers in Calgary and Taipei, global manufacturing operations in Canada, China, and Vietnam, and on-site support in more than 80 countries, CoolIT serves customers at scale worldwide. Together, CoolIT and its partners are leading the way for widespread adoption of efficient high-density, high-performance computing. For more information about CoolIT Systems, its products and technology, visit http://www.coolitsystems.com
About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260325947865/en/
Media Contact
Lauren McCranie / Sarah Moon
media@kkr.com
Original: CoolIT Employees Share in $4.75 Billion Transaction as KKR Agrees to Sell to Ecolab
US Market News
3月前
KKR Forms $310 Million Strategic Partnership with PMI Electro to Scale E-Bus Platform AllfleetMarch 18, 2026 12:06 AM
Business Wire
Transaction marks milestone first KKR Global Climate Transition investment in India
KKR, a leading global investment firm, Allfleet India Private Limited (“Allfleet”), and PMI Electro Mobility Solutions Private Limited (“PMI Electro”), a manufacturer of electric commercial vehicles in India, today announced the signing of definitive agreements under which KKR-managed funds will commit up to $310 million to form a strategic partnership with Allfleet and PMI Electro to help scale Allfleet’s electric bus (“e-bus”) platform and further advance PMI Electro’s manufacturing capabilities. As part of the investment, KKR will acquire a majority stake in Allfleet and minority stake in PMI Electro. This marks the first KKR Global Climate Transition investment in India and the strategy’s eighth investment globally, including recent investments in Australia.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260316328702/en/
Established in 2022, Allfleet (operating through its subsidiaries) is PMI Electro’s e-bus platform, focused on developing, owning, and operating large-scale electric public transport fleets. Today, Allfleet is on course to deploy a fleet of more than 5,000 e-buses, operating under long-term concession and service agreements with multiple state transport authorities supporting urban mobility needs across key cities.
As India accelerates its transition towards decarbonization and cleaner urban mobility, the need to scale reliable and efficient electric public transport infrastructure becomes increasingly critical. KKR’s investment will support Allfleet’s continued growth and strengthen its ability to collaborate with public transport authorities to expand e-bus fleets across key cities, and help deliver cleaner and more reliable public transport for Indian commuters. This builds on an integrated, end-to-end solution spanning manufacturing, ownership, operations, and lifecycle support enabled by the ongoing partnership between Allfleet and PMI Electro, an early mover in e-buses in India.
“Transport electrification is a critical pillar of the energy transition, and India – with its scale, urbanization trends, and decarbonization ambitions – represents one of the most significant opportunities for the sector globally,” said Neil Arora, Partner and Head of KKR’s Climate Transition strategy for Asia Pacific. “The differentiated combination of Allfleet’s proven, scalable platform and PMI’s manufacturing and service expertise stands out as a full-service solution in this market. We look forward to supporting Allfleet’s next phase of growth by working together with PMI and leveraging KKR’s global operational expertise and experience investing across climate transition.”
Aanchal Jain, CEO, PMI Electro and Director, Allfleet, said: “This investment by KKR marks a defining milestone in our journey and is a powerful endorsement of the integrated electric mobility platform we have built at Allfleet. PMI Electro’s vision is to create a scalable, reliable, and future-ready ecosystem that can transform public transport in India. As our cities grow and mobility needs evolve, clean, efficient, and accessible public transport will play a central role in shaping a more sustainable future.”
“Alongside KKR, the company will continue to focus on responsible scale-up and expanding its presence across Indian cities. This collaboration reflects the alignment of institutional capital, Indian manufacturing capabilities, and on-ground execution in delivering mobility solutions of national relevance.”
KKR is making this investment from its Global Climate Transition strategy. This marks KKR’s latest investment in India and first Global Climate Transition investment in the country. Since 2010, KKR has committed more than $44 billion to climate and environmental sustainability investments. Other KKR Climate investments have included Zenobe, a UK-based transport electrification and battery storage solutions specialist; CleanPeak, an Australian distributed energy platform; HMC Capital’s Energy Transition Platform, a battery energy storage and renewable energy generation platform in Australia; EGC, an energy service provider in Germany; Dawsongroup, an independent asset leasing business providing a diverse range of business-critical solutions; Avantus, a solar and solar-plus-storage developer in the US; and IGNIS P2X, an industrial decarbonisation platform.
The transaction is expected to close in mid-2026, subject to customary regulatory approvals.
About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.
About Allfleet
Allfleet is an electric bus operating platform established by PMI Electro, focused on developing, owning and operating large-scale electric public transport fleets through its subsidiaries to deliver services across multiple cities. Allfleet follows a concession-led operating model designed to provide continuity and performance over the lifecycle of public transport assets. Its operations integrate electric vehicles, fleet management systems, and on-ground execution capabilities to support the deployment and management of public transport services.
About PMI Electro
PMI Electro, a manufacturer of electric commercial vehicles in India, offers an electric bus portfolio comprising 7-metre, 9-metre, and 12-metre models, along with electric school buses. To date, more than 3,000 PMI electric buses have been deployed across more than 30 cities in India, supporting a cleaner public transport ecosystem.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260316328702/en/
For more information, please contact:
KKR Asia Pacific
Wei Jun Ong
+65 6922 5813
weijun.ong@kkr.com
PMI Electro / Allfleet
Rohit Maggo
+91 99999 59998
rohit.maggo@pmielectro.com
Original: KKR Forms $310 Million Strategic Partnership with PMI Electro to Scale E-Bus Platform Allfleet
US Market News
3月前
KKR Forms $310 Million Strategic Partnership with PMI Electro to Scale E-Bus Platform AllfleetMarch 17, 2026 10:00 PM
Business Wire
Transaction marks milestone first KKR Global Climate Transition investment in India
KKR, a leading global investment firm, Allfleet India Private Limited (“Allfleet”), and PMI Electro Mobility Private Limited (“PMI Electro”), a manufacturer of electric commercial vehicles in India, today announced the signing of definitive agreements under which KKR-managed funds will commit up to $310 million to form a strategic partnership with Allfleet and PMI Electro to help scale Allfleet’s electric bus (“e-bus”) platform and further advance PMI Electro’s manufacturing capabilities. As part of the investment, KKR will acquire a majority stake in Allfleet and minority stake in PMI Electro. This marks the first KKR Global Climate Transition investment in India and the strategy’s eighth investment globally, including recent investments in Australia.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260316328702/en/
Established in 2022, Allfleet (operating through its subsidiaries) is PMI Electro’s e-bus platform, focused on developing, owning, and operating large-scale electric public transport fleets. Today, Allfleet is on course to deploy a fleet of more than 5,000 e-buses, operating under long-term concession and service agreements with multiple state transport authorities supporting urban mobility needs across key cities.
As India accelerates its transition towards decarbonization and cleaner urban mobility, the need to scale reliable and efficient electric public transport infrastructure becomes increasingly critical. KKR’s investment will support Allfleet’s continued growth and strengthen its ability to collaborate with public transport authorities to expand e-bus fleets across key cities, and help deliver cleaner and more reliable public transport for Indian commuters. This builds on an integrated, end-to-end solution spanning manufacturing, ownership, operations, and lifecycle support enabled by the ongoing partnership between Allfleet and PMI Electro, an early mover in e-buses in India.
“Transport electrification is a critical pillar of the energy transition, and India – with its scale, urbanization trends, and decarbonization ambitions – represents one of the most significant opportunities for the sector globally,” said Neil Arora, Partner and Head of KKR’s Climate Transition strategy for Asia Pacific. “The differentiated combination of Allfleet’s proven, scalable platform and PMI’s manufacturing and service expertise stands out as a full-service solution in this market. We look forward to supporting Allfleet’s next phase of growth by working together with PMI and leveraging KKR’s global operational expertise and experience investing across climate transition.”
Aanchal Jain, CEO, PMI Electro and Director, Allfleet, said: “This investment by KKR marks a defining milestone in our journey and is a powerful endorsement of the integrated electric mobility platform we have built at Allfleet. PMI Electro’s vision is to create a scalable, reliable, and future-ready ecosystem that can transform public transport in India. As our cities grow and mobility needs evolve, clean, efficient, and accessible public transport will play a central role in shaping a more sustainable future.”
“Alongside KKR, the company will continue to focus on responsible scale-up and expanding its presence across Indian cities. This collaboration reflects the alignment of institutional capital, Indian manufacturing capabilities, and on-ground execution in delivering mobility solutions of national relevance.”
KKR is making this investment from its Global Climate Transition strategy. This marks KKR’s latest investment in India and first Global Climate Transition investment in the country. Since 2010, KKR has committed more than $44 billion to climate and environmental sustainability investments. Other KKR Climate investments have included Zenobe, a UK-based transport electrification and battery storage solutions specialist; CleanPeak, an Australian distributed energy platform; HMC Capital’s Energy Transition Platform, a battery energy storage and renewable energy generation platform in Australia; EGC, an energy service provider in Germany; Dawsongroup, an independent asset leasing business providing a diverse range of business-critical solutions; Avantus, a solar and solar-plus-storage developer in the US; and IGNIS P2X, an industrial decarbonisation platform.
The transaction is expected to close in mid-2026, subject to customary regulatory approvals.
About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.
About Allfleet
Allfleet is an electric bus operating platform established by PMI Electro, focused on developing, owning and operating large-scale electric public transport fleets through its subsidiaries to deliver services across multiple cities. Allfleet follows a concession-led operating model designed to provide continuity and performance over the lifecycle of public transport assets. Its operations integrate electric vehicles, fleet management systems, and on-ground execution capabilities to support the deployment and management of public transport services.
About PMI Electro
PMI Electro, a manufacturer of electric commercial vehicles in India, offers an electric bus portfolio comprising 7-metre, 9-metre, and 12-metre models, along with electric school buses. To date, more than 3,000 PMI electric buses have been deployed across more than 30 cities in India, supporting a cleaner public transport ecosystem.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260316328702/en/
For more information, please contact:
KKR Asia Pacific
Wei Jun Ong
+65 6922 5813
weijun.ong@kkr.com
PMI Electro / Allfleet
Rohit Maggo
+91 99999 59998
rohit.maggo@pmielectro.com
Original: KKR Forms $310 Million Strategic Partnership with PMI Electro to Scale E-Bus Platform Allfleet
US Market News
3月前
Keurig Dr Pepper Announces Updated Financing Plan for JDE Peet's AcquisitionFebruary 23, 2026 4:30 PM
PR Newswire (US)
Company strengthens balance sheet by further reducing projected leverage
and attracts additional high-quality investorsBURLINGTON, Mass. and FRISCO, Texas, Feb. 23, 2026 /PRNewswire/ -- Keurig Dr Pepper Inc. (NASDAQ: KDP; "the Company") today announced updated financing plans and transaction timelines for the acquisition of JDE Peet's and subsequent planned separation into two independent companies ("Beverage Co." and "Global Coffee Co." pending the announcement of official corporate names).Key developments include:A targeted close of the JDE Peet's acquisition in early April 2026, with expected combined net leverage of approximately 4.5x1An agreement to upsize the previously announced Beverage Co. convertible preferred equity investment co-led by Apollo and KKR to $4.5 billion from $3 billion, with additional participation from high-quality, long-term oriented investors including accounts advised by T. Rowe Price Investment Management; as a result, the Company will no longer consider a partial IPO of Beverage Co.Definitive agreements finalized for the Global Coffee Co. Pod Manufacturing JV first announced in October 2025Long term debt to be issued by the future Global Coffee Co. to finance the remaining portion of the JDE Peet's transactionCommenting on the announcements, Keurig Dr Pepper CFO Anthony DiSilvestro stated: "Today's update demonstrates our commitment to ensuring strong and resilient capital structures at each stage of this transaction by introducing an additional $1.5 billion of cost-efficient equity capital into the financing and bringing on board a high-quality mix of shareholders who recognize the value creation opportunity ahead. Our comprehensive financing solution, combined with strong cash generation, will drive rapid deleveraging, reinforce KDP's balance sheet, and help to establish Beverage Co. and Global Coffee Co. as successful, investment-grade companies." The Company now plans to finance the upcoming acquisition through a combination of approximately $9 billion of long-term debt, $8.5 billion of equity capital, and the assumption of approximately $5 billion of existing JDE Peet's bonds, resulting in projected combined net leverage of 4.5x1. The transaction, which is expected to close in early April 2026, remains forecasted to be approximately 10% EPS accretive in its first full year. The company continues to evaluate additional avenues to accelerate deleveraging, including potential non-core asset monetization opportunities.Separation timing will be based on the achievement of key milestones, including appropriate leverage levels at each company, and supportive market conditions. Though exact timing of the tax-free spin of Global Coffee Co. is yet to be determined, key transformation workstreams continue to target operational readiness to separate by year-end 2026.Equity FinancingThe Company reached a definitive agreement to increase the size of the previously announced convertible preferred stock investment in KDP to $4.5 billion, from the $3 billion co-led by funds managed by affiliates of Apollo (NYSE: APO) and funds and accounts managed by KKR (NYSE: KKR). Accounts advised by T. Rowe Price Investment Management (TRPIM) have provided an anchor commitment to support the upsize, alongside significant additional participation from Apollo, KKR, and other high-quality, long-term oriented investors. Post separation, the instrument will remain with Beverage Co. The key terms of the instrument are substantially consistent with the October 2025 announcement, including an initial conversion price of $37.25 per share and a preferred dividend rate of 4.75%. As a result of the upsize, the Company will no longer consider a partial IPO of the Beverage Co.In addition, definitive agreements for the Global Coffee Co. Pod Manufacturing JV have been executed on terms substantially consistent with the October 2025 announcement. The $4 billion investment into the joint venture will be co-led by Apollo and KKR with participation from Goldman Sachs Alternatives, as previously disclosed. The agreements are subject to customary closing conditions for transactions of this type.Debt FinancingTo complete the financing for the acquisition, the Company expects Global Coffee Co. to raise approximately $9 billion of debt capital through a mix of long-term senior debt and a temporary borrowing under the existing term loan facility. Global Coffee Co. will also assume approximately $5 billion of existing JDE Peet's bonds upon acquisition close.After the separation is complete, and accounting for additional deleveraging that will occur between acquisition close and the spin-off transaction, Global Coffee Co. plans to issue junior subordinated notes to repay any remaining portion outstanding on the term loan.___________________1 Projected as of June 30, 2026. Management net leverage is a non-GAAP metric. See "Non-GAAP Financial Measures" for additional information.ABOUT KEURIG DR PEPPERKeurig Dr Pepper (Nasdaq: KDP) is a leading beverage company in North America, with a portfolio of more than 125 owned, licensed and partner brands and powerful distribution capabilities to provide a beverage for every need, anytime, anywhere. With annual revenue of more than $15 billion, we hold leadership positions in beverage categories including carbonated soft drinks, coffee, tea, water, juice and mixers, and have the #1 single serve coffee brewing system in the U.S. and Canada. Our innovative partnership model builds emerging growth platforms in categories such as premium coffee, energy, sports hydration and ready-to-drink coffee. Our brands include Keurig®, Dr Pepper®, Canada Dry®, Mott's®, A&W®, Peñafiel®, Snapple®, 7UP®, Green Mountain Coffee Roasters®, GHOST®, Clamato®, Core Hydration® and The Original Donut Shop®. Driven by a purpose to Drink Well. Do Good., our 29,000 employees aim to enhance the experience of every beverage occasion and to make a positive impact for people, communities and the planet. For more information, visit www.keurigdrpepper.com and follow us @KeurigDrPepper on LinkedIn and Instagram.FORWARD LOOKING STATEMENTSCertain statements in this press release, such as statements relating to the Company's contemplated acquisition of JDE Peet's, the pod manufacturing JV, the preferred investment, the combined business, the contemplated separation of the beverage and coffee portfolios, future financial targets and results, anticipated leverage ratios, credit ratings and anticipated additional sources of funding may be considered "forward-looking statements" within the meaning of applicable securities laws and regulations. Forward-looking statements include those preceded by, followed by or that include the words "anticipate," "expect," "believe," "could," "continue," "ongoing," "forecast," "estimate," "intend," "may," "plan," "potential," "project," "should," "target," "will," "would" and similar words or phrases. These forward-looking statements speak only as of the date of this release. These statements are based on the current expectations of our management and are not predictions of actual performance.Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, the Company can give no assurance that these forward-looking statements will prove to be correct. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from historical experience or from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, (i) the inherent uncertainty of estimates, forecasts and projections, (ii) global economic uncertainty or economic downturns, (iii) tariffs or the imposition of new tariffs, trade wars, barriers or restrictions, or threats of such actions and related uncertainty, (iv) the risk that our financial performance may be better or worse than anticipated, (v) the possibility that we are unable to successfully integrate GHOST Lifestyle LLC into our business, (vi) risks relating to the completion of the acquisition of JDE Peet's and the subsequent separation of our beverage and coffee portfolios in the anticipated timeframe or at all, (vii) risks related to the receipt of regulatory approvals without unexpected delays or conditions, (viii) risks relating to our incurrence of significant debt or our entry into other funding alternatives, in each case, to fund the acquisition of JDE Peet's, which may result in dilution to our stockholders or introduce complexity to our capital structure, (ix) additional risks associated with the acquisition of JDE Peet's and those geographies where JDE Peet's currently operates, (x) our ability to successfully integrate JDE Peet's into our business, or that such integration may be more difficult, time-consuming or costly than expected, (xi) constraints on management's attention to operating and growing our business during the execution of the acquisition of JDE Peet's and the separation, (xii) the potential downgrade of our credit ratings as a result of debt incurred and/or assumed in connection with the acquisition of JDE Peet's and the separation, (xiii) the risk that the acquisition of JDE Peet's and the separation may incur significant additional costs, (xiv) the risk of potential litigation, (xv) negative effects of the announcement and pendency of the acquisition of JDE Peet's and the separation on our share price, and (xvi) the ability to achieve the anticipated strategic and financial benefits from the separation, and (xvii) the other risks and uncertainties discussed in the Company's press releases and public filings. These risks and uncertainties, as well as others, are more fully discussed in the Company's filings with the Securities and Exchange Commission (the "SEC"), including our Annual Report on Form 10-K filed with the SEC on February 25, 2025. While the lists of risk factors presented here and in our public filings are considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties.Any forward-looking statement made herein speaks only as of the date of this release. The Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in the expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based, unless required by law.NON-GAAP FINANCIAL MEASURESThis release includes non-GAAP financial measures, which differ from results using U.S. Generally Accepted Accounting Principles (GAAP). These non-GAAP financial measures should be considered as supplements to and should not be considered replacements for, or superior to, the GAAP measures. These measures may differ from similarly titled non-GAAP financial measures presented by other companies, and other companies may not define the non-GAAP financial measure in the same way. Non-GAAP financial measures typically exclude certain charges, including one-time costs that are not expected to occur routinely in future periods, described by the Company as "items affecting comparability." The Company uses non-GAAP financial measures to evaluate our operating and financial performance and to compare such performance to that of prior periods and to the performance of our competitors. Additionally, we use non-GAAP financial measures in making operational and financial decisions and in our budgeting and planning process. We believe that providing non-GAAP financial measures to investors helps investors evaluate our operating performance, profitability and business trends in a way that is consistent with how management evaluates such performance.Management leverage ratio is defined as the Company's total principal amounts of debt less cash and cash equivalents, divided by Adjusted EBITDA. Management believes that the Management leverage ratio is useful for investors in evaluating the Company's liquidity and assessing the Company's ability to meet its financial obligations.Adjusted EBITDA is defined as EBITDA, as adjusted for items affecting comparability, which include: (i) the unrealized mark-to-market impact of derivative instruments not designated as hedges in accordance with U.S. GAAP that do not have an offsetting risk reflected within the financial results, as well as the unrealized mark-to-market impact of our Vita Coco investment prior to its sale in the first quarter of 2025; (ii) the amortization associated with definite-lived intangible assets; (iii) the amortization of the deferred financing costs associated with the combination of the business operations with Dr Pepper Snapple Group, Inc. as of July 9, 2018 (the "DPS Merger"); (iv) the amortization of the fair value adjustment of the senior unsecured notes obtained as a result of the DPS Merger; (v) stock compensation expense and the associated windfall tax benefit attributable to the matching awards made to employees who made an initial investment in KDP; (vi) transaction costs for significant business combinations (completed or abandoned), excluding costs related to the JDE Peet's acquisition; (vii) non-cash changes in deferred tax liabilities related to goodwill and intangible assets as a result of tax rate or apportionment changes; and (viii) certain other items that are excluded for comparison purposes to prior year periods. EBITDA is defined as Net income as adjusted for interest expense, net; provision for income taxes; depreciation expense; amortization of intangibles; and other amortization. Management believes that Adjusted EBITDA is useful for investors in evaluating the Company's operating results and understanding the Company's operating trends by adjusting certain items that can vary significantly depending on specific underlying transactions or events, thereby affecting comparability.The Company does not provide reconciliations of such forward-looking non-GAAP measures to GAAP measures, due to the inability to predict the amount and timing of impacts outside of the Company's control on certain items, such as non-cash gains or losses resulting from mark-to-market adjustments of derivative instruments, among others, which could be material. Reconciling such items would require unreasonable efforts.RESTRICTIONSThis release does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities in JDE Peet's N.V. Any offer will be made only by means of the offer memorandum approved by the Dutch Authority for the Financial Markets, which is available as of January 15, 2026. This press release is not for release, publication or distribution, in whole or in part, in or into, directly or indirectly, in any jurisdiction in which such release, publication or distribution would be unlawful.Investor Contact:
Investor Relations
T: 888-340-5287 / IR @kestrels-3345 / katie.gilroy@kdrp.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/keurig-dr-pepper-announces-updated-financing-plan-for-jde-peets-acquisition-302694978.htmlSOURCE Keurig Dr Pepper
Original: Keurig Dr Pepper Announces Updated Financing Plan for JDE Peet's Acquisition
US Market News
4月前
KKR Forms A$600m Energy Transition Strategic Partnership with HMCFebruary 5, 2026 5:07 PM
Business Wire
HMC Capital (ASX: HMC) and KKR, a leading global investment firm, today announced the establishment of a new strategic partnership under which KKR-managed funds will invest up to $603 million into HMC’s Energy Transition Platform (the “Platform”). The investment will introduce KKR as a strategic partner alongside HMC in the Platform’s existing 652MW operational assets and its 5.7GW BESS and wind development pipeline. KKR’s investment will support the Platform’s continued expansion, including the development of new battery storage and wind projects critical to grid reliability and Australia’s energy transition.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260205961730/en/
The investment needed to fund Australia’s energy transition is considerable, and the Platform is well-placed to bring to market its significant clean energy generation capacity to support the growing energy demand from consumer, industrial and emerging AI users over the coming decades. This transaction establishes the foundation for HMC and KKR to significantly scale the existing Platform and identify growth opportunities alongside the Platform’s experienced management team.
HMC Capital Managing Director and CEO, David Di Pilla, said "We are delighted to be working with an experienced global investor of KKR’s calibre. KKR’s investment validates the quality of the Platform we have built and sets the foundation for HMC to play a major role in Australia’s transition to net zero carbon by 2050. KKR’s capital will enable the Platform to materially grow operating capacity, cash flow and progress the strategically valuable development pipeline."
KKR Partner and Head of KKR’s Climate Transition strategy for Asia, Neil Arora, said “As renewable generation in Australia continues to expand, the country’s energy system is at a pivotal moment. Delivering Australia’s ambition will require investment in flexible infrastructure such as battery storage to keep the grid secure and reliable. We are pleased to support HMC Capital’s leading operating platform, and by leveraging KKR’s global network, operational expertise, and deep experience across our climate, energy and infrastructure teams, we are well positioned to scale this platform and contribute meaningfully to Australia’s decarbonization objectives.”
HMC Capital Chair of Energy Transition Platform, the Hon. Julia Gillard AC, said “The introduction of KKR as a strategic partner marks a pivotal step in the Platform’s ambition to build a world class renewables business which can play a major role in helping Australia achieve its clean energy commitments. In KKR, we are delighted to have a collaborator with deep global relationships and expertise to help the Platform deliver on its goal to be a national champion of Australia’s transition to a net zero economy by 2050.”
KKR is funding this investment from its Global Climate Transition strategy. The firm has committed more than US$44 billion to climate and environmental sustainability investments since 2010 and is a leading investor in the energy transition. This marks KKR’s second Climate investment in Australia, following CleanPeak, an Australian distributed energy platform.
Other KKR Climate investments include Zenobe, a UK-based transport electrification and battery storage solutions specialist; EGC, an energy service provider in Germany; Dawsongroup, an independent asset leasing business which provides a diverse range of business-critical solutions; Avantus, a solar and solar-plus-storage developer in the US; and IGNIS P2X, an industrial decarbonisation platform in Spain.
The transaction is expected to close in mid-2026, subject to customary regulatory approvals.
About HMC Capital
HMC Capital (ASX: HMC) is an ASX-listed diversified alternative asset manager focused on high conviction investment opportunities across real estate, private equity, energy transition, digital infrastructure and private credit. We manage approximately $19bn on behalf of institutional, high net worth and retail investors. We have a highly experienced and aligned team with deep investment and operational expertise. We have significant alignment with our investors via over $1bn of balance sheet co-investments across our platforms.
About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.
Important Notice – Forward-Looking Statements
This release contains certain forward-looking statements, which may include indications of, and guidance on, future earnings, financial position and performance. Forward-looking statements, opinions and estimates provided in this release are based on assumptions and contingencies that are subject to change without notice and involve known and unknown risks, uncertainties, assumptions, contingencies and other factors, many of which are beyond the control of HMC Capital. Actual results, performance or achievements may differ materially from those expressed or implied in those statements and any projections and assumptions on which these statements are based.
No guarantee, representation or warranty, express or implied, is made as to the accuracy, likelihood of achievement or reasonableness of any forecasts, prospects, returns, statements or tax treatment in relation to future matters contained in this release. The forward-looking statements are based only on information available to HMC Capital as at the date of this release. Except as required by applicable laws or regulations, HMC Capital does not undertake any obligation to provide any additional or updated information or revise the forward-looking statements or other statements in this release, whether as a result of a change in expectations or assumptions, new information, future events, results or circumstances.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260205961730/en/
For more information, please contact:
HMC Capital
Jim Kelly
+61 412 549 083
jim.kelly@sodali.com
KKR
Wei Jun Ong
+65 9139 5813
weijun.ong@kkr.com
Samuel Brustad
+81 90 7094 2523
samuel.brustad@kkr.com
Original: KKR Forms A$600m Energy Transition Strategic Partnership with HMC
US Market News
4月前
KKR to Acquire Arctos, Establishing a New Platform for Sports, GP Solutions and Secondaries in a Strategic Transaction Initially Valued at $1.4 BillionFebruary 5, 2026 6:00 AM
Business Wire
Arctos will become a fully integrated investment unit of KKR
Transaction expected to be accretive per share across key financial metrics immediately post-closing
KKR & Co. Inc., a leading global investment firm, today announced that it has entered into a definitive agreement to acquire Arctos Partners (“Arctos”), a premier institutional investor in professional sports franchise stakes and a leader in asset management solutions for sponsors. The transaction is valued at $1.4 billion in initial consideration, including equity subject to vesting through 2033, plus up to an additional $550 million in future equity tied to both KKR share price and business-specific performance targets and vesting through 2031.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260204778743/en/
Founded by Ian Charles and Doc O'Connor in 2019 and headquartered in Dallas, Texas, Arctos is the largest institutional investor in professional sports franchises and a recognized innovator in providing strategic capital to asset management firms through structured solutions. The firm manages approximately $15 billion in Assets Under Management (“AUM”) and provides bespoke growth and liquidity solutions to sports franchises (“Arctos Sports”) and alternative asset managers (“Arctos Keystone” or “GP Solutions”).
Charles and O’Connor, Managing Partners of Arctos, said, “KKR is a preeminent global investment firm and ideally positioned to help us achieve the vision we have for Arctos. We see tremendous opportunity to better serve the sports industry and the sponsor community, but the key to that unlock is a partnership that will provide access to strategic, financial and operational resources to accelerate our existing businesses. At the same time, we will be able to leverage KKR’s broad range of products and capabilities to extend and enhance our relationships with leagues, teams, GPs and sponsors. Through this transaction, we will become an even stronger partner to the markets and investors that we serve, which has been our goal from the very beginning.”
Joe Bae and Scott Nuttall, Co-Chief Executive Officers of KKR, said, “Arctos has created a distinctive and scaled platform across sports investing and capital solutions for asset managers, and the team has extensive experience in secondaries—three areas where we see significant long-term opportunity. The team has complementary strengths, strong cultural alignment, and an entrepreneurial approach that fits well with KKR. We look forward to working together to build a platform that expands opportunities across the entire KKR ecosystem.”
Strategic Rationale
The acquisition advances KKR’s strategy to scale its platform by building and acquiring complementary businesses in large addressable markets where KKR has the ability to be a leader. Bringing Arctos into KKR will provide access to capital and capabilities that will fuel the growth of Arctos’ existing businesses while also deepening KKR’s sourcing and origination capabilities and expanding its long-duration capital base.
Exceptional Business and Management Team. Managing Partners Ian Charles and Doc O’Connor, supported by a 76-person team, bring decades of expertise in sports, GP solutions and secondaries. Charles is a pioneer and innovator in the secondaries space, having cofounded the first secondaries market advisory firm, Cogent Partners, and later spending over a decade at Landmark Partners, where he was a Partner and helped design and execute the firm’s private equity strategy. O’Connor brings over 40 years of experience and unparalleled relationships in the sports ecosystem, having previously served as CEO of Madison Square Garden Company, and prior to that as Managing Partner of CAA, where he built what became the world’s leading entertainment and diversified sports agency business.
Leadership in Sports Investing. Arctos provides KKR with a differentiated entry point into the sports franchise stakes sector, a category characterized by historical and expected long-term value appreciation and growing global demand. Arctos is the largest institutional investor in professional sports franchise stakes and the only firm approved for multiteam ownership across all five major U.S. leagues (NBA, NFL, MLB, NHL, MLS). With access to the breadth of KKR’s asset management business and product suite, Arctos will have more ways to strategically partner with teams and owners.
Scaled and Growing GP Solutions Platform. As a top five player in GP solutions, Arctos’ Keystone platform offers flexible, non-dilutive capital solutions for GPs across private markets. This segment of the broader manager and fund finance market has grown rapidly in recent years and continues to expand. As part of KKR, Arctos will be able to provide GPs access to a wider range of capital solutions, with greater flexibility on structure, permanence and cost of capital.
New Platform for Secondaries and Solutions. The private equity secondaries market saw record activity in 2025, with LP-led and GP-led volumes of approximately $226 billion, up 41% from 2024 and a compound annual growth rate of roughly 20% since 2013. Arctos’ experience and leadership provide a strong foundation and clear path for KKR to build and scale a leading secondaries and solutions business.
Enhanced Sourcing and Origination. Arctos meaningfully expands the reach of KKR’s proprietary origination and sourcing engine with complementary synergies across private equity, credit, infrastructure, real estate, insurance and capital markets. Utilizing these sources of capital, Arctos will also be positioned to expand its existing relationships across leagues, teams, GPs and sponsors.
Enhanced Wealth and Institutional Distribution. Sports and GP solutions asset classes resonate strongly with high-net-worth and mass-affluent investors. Arctos will similarly be able to grow its client base by virtue of having access to KKR’s global network, distribution and product development capabilities.
Expected to increase KKR’s earnings and long-duration capital base. Taking into account the transaction, perpetual and long-dated capital would represent 53% of KKR’s $759 billion of AUM.
Upon closing, Arctos’ Managing Partners Charles and O’Connor will join KKR as Partners, and Arctos’ full team and operations will become part of KKR. KKR will form a new investing business, KKR Solutions, which will be led by Charles. KKR Solutions will include Arctos’ Sports and Keystone businesses and serve as the home of a scaled multi-asset class secondaries business KKR will build over time.
“Ian Charles is one of the most experienced leaders in the secondaries space.” Bae and Nuttall added. “We have known Ian for more than a decade and have worked closely with him, including on KKR’s first structured secondaries transaction—a milestone that ultimately laid the foundation for our Health Care and Technology Growth platforms, which today manage over $17 billion of capital. With the team’s track record and history of innovation, we know Arctos is the right partner to help us build a leading franchise across sports, GP solutions and secondaries.”
Terms of the Transaction & Additional Details
KKR has agreed to acquire 100% of Arctos in a strategic transaction valued at $1.4 billion in initial consideration, including equity subject to vesting through 2033, plus up to an additional $550 million in future equity tied to both KKR share price and business-specific performance targets and vesting through 2031.
Initial consideration of $1.4 billion consists of $300 million in cash, $900 million of equity to existing Arctos shareholders (with Arctos management’s portion subject to vesting through 2030), and $200 million of additional equity to be allocated by 2028 and subject to vesting through 2033.
The transaction is expected to be accretive per share across key financial metrics immediately post-closing.
The transaction is subject to regulatory and specified sports league approvals, as well as customary closing conditions.
KKR was advised by Simpson Thacher, as legal counsel, and Kirkland & Ellis as sports counsel. Arctos was advised by Kirkland & Ellis as legal counsel. BofA Securities acted as exclusive financial advisor for Arctos.
KKR has filed an 8-K and posted an accompanying presentation on its website for KKR common stockholders and analysts entitled “KKR & Co. Inc. Acquisition of Arctos”. The presentation is accessible at the Investor Center for KKR & Co. Inc. at https://ir.kkr.com/events-presentations/.
About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.
About Arctos
Arctos is a private investment firm designed to catalyze growth and unlock value in complex, illiquid, and underserved markets. Founded in 2019, the firm’s investment businesses span private equity and real assets (Arctos Keystone) and premier sports franchises (Arctos Sports), delivering bespoke capital solutions, differentiated insights, and purpose-built operating capabilities to industry leaders in both markets. The firm’s innovative approach is anchored by its unique quantitative research and data science platform, Arctos Insights. Arctos has a team of more than 75 investment and operational professionals with expertise across industries, geographies, and economic cycles. The firm is headquartered in Dallas, with office locations in New York, Boston, and London. For more information, visit www.arctospartners.com or Arctos’ company page on LinkedIn.
Forward Looking Statements
This press release contains certain forward-looking statements pertaining to KKR, including with respect to the investment funds, and vehicles and accounts managed by KKR, Global Atlantic insurance companies, and Arctos. Forward-looking statements relate to expectations, estimates, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts, including with respect to KKR’s proposed acquisition of Arctos and the acquisition’s effect on our business. You can identify these forward-looking statements by the use of words such as “opportunity,” “outlook,” “believe,” “think,” “expect,” “feel,” “potential,” “continue,” “may,” “should,” “seek,” “approximately,” “predict,” “intend,” “will,” “plan,” “estimate,” “anticipate,” “visibility,” “positioned,” “path to,” “conviction,” “enables,” the negative version of these words, other comparable words or other statements that do not relate strictly to historical or factual matters. These forward-looking statements are based on KKR’s beliefs, assumptions and expectations, but these beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to KKR or within its control. Due to various risks and uncertainties, actual events or results may differ materially from those reflected or contemplated in such forward-looking statements. Past performance is no guarantee of future results. All forward-looking statements speak only as of the date of this presentation. KKR does not undertake any obligation to update any forward-looking statements to reflect circumstances or events that occur after the date of this presentation except as required by law. Please see the Appendix of the accompanying presentation entitled “KKR & Co. Inc. Acquisition of Arctos” and available at the Investor Center for KKR & Co. Inc. at https://ir.kkr.com/events-presentations/ for additional important information about forward-looking statements, including the assumptions and risks concerning projections and estimates of future performance. Information about factors affecting KKR, including a description of risks that should be considered when making a decision to purchase or sell any securities of KKR, can be found in KKR & Co. Inc.’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed with the SEC on February 28, 2025, and its other filings with the SEC, which are available at www.sec.gov.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260204778743/en/
Investors
Craig Larson
1-877-610-4910 (U.S.) / 212-230-9410
investor-relations@kkr.com
KKR Media
Kristi Huller
212-750-8300
media@kkr.com
Arctos Media
Prosek Partners
Pro-Arctos@Prosek.com
Original: KKR to Acquire Arctos, Establishing a New Platform for Sports, GP Solutions and Secondaries in a Strategic Transaction Initially Valued at $1.4 Billion
US Market News
4月前
KKR-Led Consortium with Singtel Group to Fully Acquire ST Telemedia Global Data Centres at S$13.8 Billion Enterprise ValueFebruary 3, 2026 6:25 PM
Business Wire
Marks one of the largest digital infrastructure transactions in Southeast Asia
Global investment firm KKR, Asia’s leading communications technology group Singtel, and ST Telemedia today announced the signing of definitive agreements under which funds managed by KKR and Singtel (together, the “Consortium”) will acquire the remaining 82% stake in ST Telemedia Global Data Centres (“STT GDC” or the “Company”), a leading data centre colocation services provider, from founding shareholder ST Telemedia for a total consideration of S$6.6 billion (approximately US$5.1 billion). This represents an implied enterprise value of approximately S$13.8 billion (approximately US$10.9 billion), including leverage and capital expenditure for committed projects.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260202441025/en/
Upon completion, KKR and Singtel will own stakes of 75% and 25% respectively in the Company, taking into account the conversion of existing redeemable preference shares that both KKR and Singtel hold in the Company.
The Consortium first invested S$1.75 billion (approximately US$1.3 billion) in STT GDC through preference shares and warrants in what marked the largest digital infrastructure investment in Southeast Asia in 2024. Since then, the Company has grown its pipeline from 1.4GW in 2024 to over 1.7GW.
Established in 2014 by ST Telemedia and headquartered in Singapore, STT GDC is one of the world’s fastest-growing and most diversified data centre platforms with 2.3GW of design capacity across 12 major markets in Asia Pacific and United Kingdom and Europe. It provides critical services including high-quality colocation, connectivity and round-the-clock support services. As demand for AI and cloud services continues to accelerate, it is fuelling the need for new data centres to drive resource-intensive workloads.
David Luboff, Co-Head of KKR Asia Pacific and Head of Asia Pacific Infrastructure at KKR, said, “Digital infrastructure remains one of the most compelling long-term investment themes globally as cloud computing and data-rich applications continue to reshape how data is created, stored, and processed. STT GDC is well-positioned within this landscape, with a diversified footprint, strong development pipeline and a leadership team with a clear vision for global scale. This transaction represents a rare opportunity to further support a high-quality platform and deepen our strategic partnership with Singtel. We look forward to deploying KKR’s global network and deep digital infrastructure expertise to help STT GDC accelerate its next phase of sustainable, international growth.”
Arthur Lang, Group Chief Financial Officer of Singtel, said, “This acquisition is a significant step towards scaling our new growth engine in digital infrastructure as mapped out in our Singtel28 growth plan. STT GDC's diverse geographical footprint increases our exposure to new markets and makes the Singtel Group a stronger data centre player with global reach. We appreciate ST Telemedia’s stewardship of the company and are confident that its seasoned leadership team will continue to scale the solid platform they have built. When added to our portfolio of data centre assets that includes Nxera in which KKR is also a capital partner, it meaningfully changes the business complexion of the Group while creating new opportunities for capital optimisation and growth. We will continue to exercise discipline in capital allocation and evaluate capital recycling alternatives to fund growth and maintain balance-sheet efficiency. Our dividend and growth plans under Singtel28 remain intact.”
Stephen Miller, President & Group CEO of ST Telemedia, said, “ST Telemedia established STT GDC 12 years ago to pioneer one of Asia Pacific’s leading data centre platforms, combined with an equally strong position in the United Kingdom and Europe through VIRTUS. We are proud of STT GDC’s market leadership and the exceptional value creation achieved by the team over that period. As the data centre sector has fundamentally shifted, its exponential trajectory now requires a different scale of capital and specialised focus for STT GDC’s next exciting phase of continued growth. As a long-term, strategic shareholder, we have steadfastly supported STT GDC’s development and transformation. This transaction demonstrates our strategic stewardship while ensuring STT GDC’s ongoing sustainable growth with an optimal partner. Finally, we extend our deep gratitude to the STT GDC management and staff for their outstanding execution and dedication over the past 12 years.”
Bruno Lopez, President & Group CEO of STT GDC, said, “Today’s announcement marks an exciting new chapter in STT GDC’s journey, building on the strong foundations established over the past 12 years. We appreciate the pivotal role of ST Telemedia in nurturing and guiding the business to the breadth and scale it is today. This expanded investment from KKR and Singtel underscores their confidence in the quality of STT GDC’s business and its growth trajectory and will further accelerate our mission to deliver the critical infrastructure powering tomorrow’s digital economy. With the consortium’s global expertise, regional networks, financial strength and, most importantly, our shared ambition, STT GDC is poised to scale rapidly and capture the next wave of significant growth in cloud and AI demand. Coupled with our proven leadership and exceptional teams across all markets, STT GDC is well-positioned to shape the future of sustainable digital infrastructure and continue delivering value to our customers, partners and employees.”
The transaction is expected to close by early second half of 2026, subject to customary closing conditions, including regulatory approvals.
Consortium Background:
KKR is making this investment predominantly from its Asia Pacific infrastructure strategy. This marks KKR’s latest digital infrastructure investment in Southeast Asia and globally. Past investments in this region have included: Nxera, a Singapore-headquartered data centre platform serving Asia Pacific; Pinnacle Towers, a digital infrastructure platform in Asia with a focus on the Philippines; and OMS Group, a neutral subsea telecommunications cable services provider. Globally, KKR’s data centre investments have included: CyrusOne, a global data center owner and operator and Global Technical Realty, a data center platform with a focus on Europe and the UK, among others. KKR’s Asia Pacific infrastructure platform has grown to approximately US$16 billion (approximately S$20 billion) in assets under management since it was established in 2019, as of September 30, 2025.
Singtel Group is a leading provider of connectivity, digital services and digital infrastructure, with data centres a critical part of the business. In September 2023, KKR acquired a 20% stake in Nxera. The operational capacity of Nxera’s data centres in Southeast Asia is expected to more than double from over 200MW in 2026 to over 400MW in the mid-term. These data centres together with the Group’s extensive regional terrestrial fibre network, subsea cable network spanning more than 195,000 km across 30 countries, Paragon orchestration platform and RE:AI AI cloud service, form the core portfolio of its Digital InfraCo unit. This transaction is not expected to have an impact on Singtel's credit rating and dividend policy.
About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries.
For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.
About Singtel Group
Singtel Group is a leading Asian communications technology group, operating next-generation connectivity, digital infrastructure and digital businesses including regional data centre arm Nxera and regional IT services arm NCS. The Group has presence in Asia, Australia and Africa and reaches over 820 million mobile customers in 20 countries.
For consumers, Singtel delivers a complete and integrated suite of services, including mobile, broadband and TV. For enterprises, Singtel offers a complementary array of workforce mobility solutions, data hosting, cloud, network infrastructure, analytics and cyber security capabilities.
Singtel is dedicated to continuous innovation, harnessing technology to create new and exciting customer experiences, support enterprises in their digital transformation and shape a more sustainable, digital future.
For more information, visit www.singtel.com.
About ST Telemedia
ST Telemedia (STT) is a Singapore-headquartered strategic investor specialising in Communications, Data Centres and Infrastructure Technology businesses globally. Its vision is to build leading digital services and infrastructure platforms that facilitate business growth and help societies advance. Since commencing operations in 1994, STT has demonstrated a strong track record of building and growing its portfolio companies into market leaders in both developed and high-growth markets. STT is represented in 15 countries across Asia, Europe and the US.
For more information, visit https://www.sttelemedia.com/
About ST Telemedia Global Data Centres
ST Telemedia Global Data Centres (STT GDC) is one of the fastest-growing data centre providers with a global platform serving as a cornerstone of the digital ecosystem that helps the world to connect. Powering a sustainable digital future, STT GDC operates across Singapore, the UK, Germany, India, Thailand, South Korea, Indonesia, Japan, the Philippines, Malaysia and Vietnam, providing businesses an exceptional foundation that is built for their growth anywhere.
For more information, visit www.sttelemediagdc.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20260202441025/en/
Media Contacts
For KKR:
Wei Jun Ong
+65 9139 5813
weijun.ong@kkr.com
For Singtel:
Lian Pek
+65 9488 2696
lianpek@singtel.com
For ST Telemedia:
Stephen Miller
stephen_miller@sttelemedia.com
For ST Telemedia Global Data Centres:
Chow Yi
+65 9784 6406
yi.chow@sttelemediagdc.com
Original: KKR-Led Consortium with Singtel Group to Fully Acquire ST Telemedia Global Data Centres at S$13.8 Billion Enterprise Value
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