KKR kupuje Integer Holdings za 5,7 miliardy USD; akcionáři by při uzavření obdrželi 127 USD za akcii v hotovosti. Transakce ještě čeká na souhlas většiny akcionářů i regulační povolení.
Key Takeaways Integer shareholders would receive $127 per share in cash if the $5.7 billion KKR acquisition closes.ITGR's deal requires majority shareholder approval plus antitrust and foreign investment clearances.Integer would become privately held and its shares would be delisted from the NYSE after closing. Integer Holdings Corporation (ITGR - Free Report) entered a definitive agreement on Aug. 2, 2026, to be acquired by affiliates of Kohlberg Kravis Roberts & Co. L.P. in a transaction carrying an enterprise value of $5.7 billion.
The deal has shifted investor focus to the proposed $127-per-share cash payment, closing conditions and the consequences of Integer becoming privately held. Operating trends still matter, but transaction execution is now the more immediate issue.
ITGR's Deal Establishes a Defined Cash ConsiderationUnder the merger agreement, each eligible Integer share outstanding immediately before closing would be converted into the right to receive $127 in cash, without interest. That creates a defined potential cash outcome for shareholders.
The consideration is not guaranteed until the transaction closes. Investors must therefore weigh the stated value against the possibility that closing conditions are delayed or not satisfied.
Integer's Buyout Still Faces Closing ConditionsCompletion requires approval and adoption of the merger agreement by holders of a majority of Integer’s outstanding shares. The transaction also requires applicable antitrust and foreign investment clearances, along with other customary conditions.
The acquisition is not subject to a financing condition. KKR’s affiliates have obtained equity and debt financing commitments, although regulatory, stockholder and other closing requirements remain.
ITGR's $307 Million Fee Adds Deal ProtectionThe agreement provides for a $307 million parent termination fee if Integer ends the deal in specified circumstances involving a buyer breach or failure to complete the transaction when required.
That provision gives Integer contractual protection if the buyer fails to perform under covered conditions. It does not remove completion risk because the merger still depends on required approvals and satisfaction of other terms.
Integer's Outlook Is Now Subordinate to the DealInteger withdrew its previously issued financial outlook after announcing the transaction and canceled its scheduled second-quarter earnings conference call and webcast. Merger progress has therefore become more immediate than management’s prior operating targets.
The business still faces pressure. Second-quarter sales fell 2.6% year over year to $464.1 million and gross margin contracted to 24.3% from 27.1%, reflecting weaker adoption of three new products and lower fixed-cost absorption.
Jabil Inc. (JBL - Free Report) provides advanced manufacturing solutions for medical devices, including cardiovascular and electrophysiology applications. Sanmina Corporation (SANM - Free Report) also designs and manufactures complex medical systems for original equipment manufacturers, underscoring the broader outsourced-manufacturing context.
Image Source: Zacks Investment Research
ITGR Would Exit the Public Market After ClosingIf completed, Integer would survive as a wholly owned subsidiary of the buyer. Its securities would be delisted from the NYSE as soon as practicable after the transaction becomes effective.
That change would end public trading in ITGR and convert the company into a privately held business. Eligible shareholders would receive the agreed cash consideration rather than continue participating in Integer as a listed company.
ITGR's Style Scores Add Context Ahead of ClosingThe bottom line is that the pending KKR transaction now dominates the near-term investment case. The $127 cash consideration offers a defined potential outcome, but shareholders remain exposed to closing risk until required conditions are satisfied.
ITGR currently carries a Zacks Rank #3 (Hold). It has a Value Score of C, a Growth Score of C, a Momentum Score of D and a VGM Score of C. Those readings do not provide strong factor support, particularly on momentum.
Zacks Style Scores complement the Zacks Rank. With a #3 ranking and mostly middle-range Style Scores, a measured stance fits the current setup while investors monitor transaction progress.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Investment firm KKR & Co (KKR.N) has agreed to buy residential garage door repair and replacement company A1 Garage Door Service for around $2 billion, according to sources familiar with the matter.
The deal adds to a wave of home services M&A including Oak Hill Capital's $800 million-plus acquisition of Guild Garage Group this year. Private equity firms have been acquiring residential services companies because of their steady cash flows and high values in fragmented markets.
Phoenix, Arizona-based A1 Garage was founded in 2007 by CEO Tommy Mello, who grew the business into one of the largest residential garage door service providers in the country, operating in around 20 states. In 2022, A1 received growth capital from the private equity firm Cortec Group.
KKR and Cortec declined to comment. A1 Garage could not be reached for comment.
KKR already has experience in the residential services space through its investments in Neighborly and Groundworks.
In 2021, it bought Neighborly, which it called the world’s largest provider and franchiser of home service brands including plumbing, pest control, restoration, electrical, cleaning, HVAC and home inspection. In 2023, it made a significant investment in Groundworks, which provides residential foundation and water management services. Cortec is also an investor in Groundworks.
KKR zaplatí rekordní pokutu 250 milionů USD za porušení pravidel předběžného oznamování fúzí, ale externí právníci ji uhradí celou, takže firma nečeká žádný finanční dopad.
The Justice Department just hit KKR with the largest premerger penalty in history, and the firm's lawyers may end up wishing the story ended there.
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KKR agreed to pay $250 million to settle Justice Department claims that it repeatedly ignored premerger filing rules, the largest penalty ever imposed under the Hart-Scott-Rodino Act and more than 20 times the previous record.
The twist is that outside law firms will reimburse the entire penalty, meaning KKR expects no financial impact on the company, its funds, or investors. That makes the check a nonevent, even as the underlying finding still matters.
What Hart-Scott-Rodino Actually Requires HSR is the federal premerger notification regime, a filing rule that forces deal parties to hand competition regulators the paperwork behind a transaction before it closes. The idea is straightforward: give antitrust reviewers time and evidence to spot problems before a deal is consummated.
Filings include deal terms and, critically, the internal analyses executives prepared about competition, market share, and strategic rationale. Penalties escalate per day of noncompliance, which is how a paperwork rule can generate a nine-figure fine. For a firm like KKR (NYSE:KKR | KKR Price Prediction), which touches dozens of transactions a year, disciplined HSR compliance is table stakes.
Allegations and KKR’s Response The Justice Department alleged that KKR evaded proper scrutiny across at least 16 transactions in 2021 and 2022 through omitted documents, altered materials, and failures to file. The Justice Department’s release laid out the alleged conduct in detail. KKR strongly disputes the government’s characterization and says its previous process reflected industry practice.
Both statements can be true at once: KKR may have followed a common workflow, and that workflow may still have fallen short of what the statute demands. Reimbursement by outside counsel constitutes a commercial resolution of a professional services dispute rather than an admission of wrongdoing.
Why the Reimbursement Makes This a Financial Nonevent KKR posted Q2 2026 revenue of $5.73 billion and net income of $660.053 million, so a $250 million penalty would not have threatened the balance sheet. With reimbursement, it does not touch it at all.
Shares closed at $108.68 on August 28, market cap sits near $100 billion, and the stock is up 9.67% over the past month. Investors treated the announcement as immaterial, and on the arithmetic, they were right. A forward multiple of roughly 17 reflects a business compounding fee-related earnings at 37% year over year.
Costs No Law Firm Can Reimburse For a private-markets firm, the durable risk lies in the regulatory relationship that governs every future deal. An HSR record now sits in the file, and reviewers who screen KKR filings will likely read them with sharper eyes and slower clocks. That friction has no line item, but it tends to show up as delayed closings, wider document requests, and marginal deals that never get done, which matters when $143 billion in dry powder needs to move.
Scott Nuttall told analysts that “the best response to pessimism is performance,” and the Q2 numbers back him up. The reimbursement neutralizes the headline while leaving the underlying finding intact, and thoughtful shareholders should track those two ledgers separately.
Contact [email protected] for any questions or corrections.
KKR prodá USI Insurance Services za 17 miliard USD a očekává 3,3 miliardy USD po zdanění a 2 miliardy USD upraveného čistého zisku. Transakce má posílit schopnost KKR reinvestovat kapitál do nových příležitostí.
Key Takeaways KKR's USI sale is expected to generate $3.3B in after-tax proceeds and $2B in adjusted net income.USI revenues nearly tripled under KKR, supported by organic growth and more than 90 acquisitions.The cash proceeds give KKR greater capacity to recycle capital into investment opportunities. KKR & Co. Inc.’s (KKR - Free Report) planned $17-billion sale of USI Insurance Services (“USI”) to Aon plc offers investors a clear example of how the alternative asset manager can turn long-held private investments into sizable realized gains. Beyond the headline transaction value, the deal highlights KKR’s ability to identify scalable businesses, compound their value over several years and ultimately recycle the proceeds into new opportunities.
KKR entered USI in 2017, when the insurance brokerage was valued at $4.3 billion. Since then, USI has transformed into a significantly larger platform. Revenues have nearly tripled, while more than 90 acquisitions have broadened its geographic reach and capabilities. The company now employs more than 10,500 people across nearly 200 offices. Adjusted revenues and EBITDA saw compound annual rates of approximately 12% and 13%, respectively, underscoring the combination of organic expansion and acquisition-led growth achieved under KKR’s ownership.
The financial payoff is substantial. KKR expects the transaction to generate $3.3 billion of after-tax proceeds and $2 billion of adjusted net income, equivalent to more than $2 per share. The sale represents roughly six times KKR’s original equity investment and 3.4 times the total balance-sheet capital invested over USI’s holding period. The transaction is expected to close in the fourth quarter of 2026, subject to regulatory approvals and customary closing conditions.
The deal also provides an important read-through for KKR’s broader Strategic Holdings strategy. USI was KKR’s first core private-equity investment and became part of a portfolio designed to hold high-quality businesses for longer periods. Unlike traditional private-equity funds, where KKR primarily earns management fees and carried interest, Strategic Holdings allows the company to participate directly in the appreciation of investments through its own balance sheet.
The sizable cash proceeds enhance KKR’s ability to recycle capital into new investments and pursue opportunities with potentially higher prospective returns. This is particularly important for an alternative asset manager like KKR, as consistent realizations demonstrate that gains embedded in private investments can ultimately be converted into cash and earnings for shareholders.
Overall, the USI transaction strengthens the investment case for KKR by showcasing successful capital deployment, operational value creation and disciplined monetization. While the roughly $2-billion ANI contribution provides a meaningful near-term earnings boost, the bigger takeaway for investors is the repeatability of KKR’s model. Continued successful exits, alongside growth in fee-generating assets, could support earnings expansion and shareholder value over the long run.
Similar Steps Taken by Other Financial FirmsIn June, Deutsche Bank AG (DB - Free Report) entered a definitive agreement to sell its retail banking, affluent private banking and wealth management business in India to Kotak Mahindra Bank.
The divestiture aligns with DB's broader Global Hausbank strategy, announced in November 2025, which emphasizes simplifying operations, enabling disciplined capital allocation and concentrating investments in businesses with stronger scale and competitive advantages.
In July, Northern Trust Corporation (NTRS - Free Report) agreed to sell its guardianship services business to Wintrust Financial Corporation's subsidiary, Wintrust Private Trust Company.
The divestiture aligns with NTRS's broader strategy of strengthening its core wealth management, asset servicing and asset management businesses while streamlining its portfolio and focusing investments on areas with stronger long-term growth potential.
KKR’s Price Performance & Zacks RankThe company’s shares have gained 16.2% in the past three months compared with the industry’s 9.7% rise.
Image Source: Zacks Investment Research
Currently, KKR carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Enbridge uzavřela s KKR a Apollo společný podnik na investici asi C$2,7 miliardy do rozšíření plynovodu Westcoast v Britské Kolumbii. Enbridge získá C$700 milionů v hotovosti a ponechá si většinový podíl i provozní kontrolu.
Canadian energy company Enbridge (ENB.TO) said on Thursday it had agreed to form a joint venture with KKR (KKR.N) and Apollo to invest about C$2.7 billion ($1.95 billion) in expansions of its Westcoast natural gas pipeline system in British Columbia.
Asset managers are increasingly investing in generation and pipeline assets as demand for natural gas infrastructure grows rapidly amid rising LNG exports and the proliferation of data centers.
Demand for natural gas infrastructure in Western Canada and the U.S. Pacific Northwest is also growing, with Enbridge's Westcoast system providing a route to international LNG markets.
Under the agreement, KKR and Apollo will fund the Aspen Point and Sunrise expansion projects, while Enbridge will receive C$700 million in cash at closing and retain majority ownership and operational control of the pipeline.
The Westcoast natural gas pipeline system stretches 2,900 kilometers (1,802 miles) from northeast British Columbia to the Canada-U.S. border, with a current capacity of 3.6 billion cubic feet of natural gas per day (Bcf/d).
The Aspen expansion project is expected to add 535 million cubic feet per day (mmcf/d) of new transportation capacity after entering service in 2026.
Meanwhile, the Sunrise expansion project is expected to add 300 mmcf/d of natural gas capacity in B.C. and enter service in late 2028, following which, the total capacity of the Westcoast system will rise to 3.9 Bcf/d.
Both the expansion projects already have regulatory approval and are commercially underpinned by long-term take-or-pay contracts.
Enbridge said it has the option to repurchase the investors' interest in the joint venture at any time between the seventh and 14th year following close.
NEW YORK, Aug. 27, 2026 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) and KKR (NYSE: KKR) today announced a strategic partnership to support the continued growth of Atlantic Aviation (the “Company”), one of the largest private aviation infrastructure platforms in the United States. Under the transaction, Apollo-managed funds (the “Apollo Funds”) have acquired a significant interest in the Company, while KKR-managed funds remain a substantial shareholder. The transaction values Atlantic Aviation at nearly $10 billion.
Atlantic Aviation is one of the leading providers of fixed-base operator (“FBO”) services in the United States, with locations across the country serving corporate and general aviation customers. The Company provides mission-critical infrastructure including aircraft fueling, hangar leasing and other essential aviation services, supported by long-term airport concession agreements and a highly diversified footprint across high-activity airfields.
Apollo Partner David Cohen said, “Atlantic has built an irreplicable infrastructure footprint across the nation’s busiest airports, underpinned by long-term concession agreements and a customer base that values reliability and service above all else. The private aviation market has structural tailwinds that we believe will persist, and Atlantic is well positioned to capture that growth. We look forward to working closely with Jeff, the entire Atlantic team and KKR to build on its momentum through targeted investment and strategic new market expansion.”
KKR Partner Dash Lane said, “Atlantic Aviation exemplifies the kind of scaled, essential infrastructure platform we seek to build in our portfolio. Over the past five years, we have worked closely with Jeff and the team to expand and strengthen the business, and we believe there is meaningful opportunity ahead. Our continued support of the company reflects our conviction in both the strength of the platform and the long-term growth of the sector, and we are pleased to welcome the Apollo Funds as new investors in the Company.”
Since KKR's acquisition in 2021, Atlantic has meaningfully expanded its locations through strategic acquisitions and organic growth throughout the United States and certain international locations, while enhancing its customer offerings and operational capabilities. KKR has also supported significant investment in employee health and safety, resulting in Atlantic having one of the best safety records in the industry.
“This transaction is more than a milestone for Atlantic – it is a powerful validation of what our people have built together. To have two of the world’s most respected investment firms choose to invest in our company is an extraordinary endorsement of our people, our performance, and our potential. We are incredibly proud of what we have accomplished, and even more excited about what comes next,” said Jeff Foland, CEO, Atlantic Aviation.
Over the past five years, Apollo has originated more than $155 billioni of infrastructure transactions and financings across energy, transportation, digital and industrial sectors. Apollo Infrastructure Group represents a key growth vertical for Apollo as it continues to deploy flexible, large-scale capital solutions across essential infrastructure assets.
KKR’s infrastructure business has been investing globally for nearly two decades and today manages more than $120 billion in infrastructure assets. Since 2015, KKR has invested more than $12 billion across the aviation sector. KKR is funding its investment primarily through its infrastructure vehicles.
Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to the Apollo Funds. Evercore and Morgan Stanley & Co. LLC served as financial advisors and Kirkland & Ellis served as legal advisor to KKR.
About Apollo
Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of June 30, 2026, Apollo had approximately $1.05 trillion of assets under management. To learn more, please visit www.apollo.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.
Contacts
For Apollo:
Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540 [email protected]
Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491 [email protected]
i The deployment, commitment, or arrangement of capital into infrastructure investments is commensurate with Apollo’s proprietary Infrastructure Investment Classification Framework and Calculation Methodology (the “Methodology”). The Methodology, which is subject to change at any time without notice, sets forth certain categories of investments classified by Apollo as infrastructure investments. Only investments determined to be aligned with one or more categories of infrastructure investment in accordance with the Methodology are counted toward the deployment, commitment, or arrangement of capital. Under the Methodology, Apollo uses different calculation methodologies for different types of asset classes. For additional details on the Methodology, please refer to our website.
TOKYO--(BUSINESS WIRE)--KKR, a leading global investment firm, L Catterton, the largest global consumer-focused investment firm, and Ci FLAVORS Co., Ltd. (“Ci FLAVORS” or the “Company”), a Japanese beauty and lifestyle brand platform, today announced the signing of definitive agreements under which funds managed by KKR will acquire Ci FLAVORS from all existing shareholders, including Ci FLAVORS founder Yusaku Horiuchi, L Catterton, eBeauty Group (“eBeauty”), and Yanagi Capital Partners (“Yanagi”). Yusaku Horiuchi and Representative Director and CEO Yoshiaki Okura will both be investing alongside KKR in the transaction.
With roots dating back to 2011, Ci FLAVORS has grown into one of Japan's leading beauty and lifestyle brand platforms, offering products across haircare, skincare, body care and lifestyle categories. Its portfolio includes brands such as &honey, 8 THE THALASSO, unlabel, THERATIS, and MOROCCAN BEAUTY. Its operations span brand sales, OEM manufacturing, D2C and e-commerce channels, directly managed department store retail, and global ingredient and materials procurement. The Company has an established presence in Japan’s haircare market, particularly in shampoo and hair treatment products, and has recorded growth in overseas sales, including in Asia and North America.
Eiji Yatagawa, Partner and Head of Japan Private Equity at KKR, said, "Ci FLAVORS has built a differentiated position in Japan's beauty market through its consumer-focused product development capabilities and diversified portfolio of brands. We look forward to working closely with the management team and leveraging KKR’s global network in the consumer sector, operational expertise, and investment experience to support the Company’s continued growth in Japan and further expansion across international markets."
Yoshiaki Okura, Representative Director and Chief Executive Officer of Ci FLAVORS, said, "I am very pleased to welcome KKR, one of the world’s leading investment firms, as our new shareholder. Ci FLAVORS has grown by respecting the individuality of each brand while striving to deliver new value to our consumers’ everyday lives. Our partnership with L Catterton, eBeauty, and Yanagi over recent years built on that strong foundation and corporate culture as we worked closely with them to broaden our product suite, deepen our market penetration, and strengthen our leadership team by leveraging their category expertise and industry network. We are grateful for their support and look forward to the next phase of transformation with KKR, which will help us further accelerate our growth initiatives, including through international and category expansion, strengthening our talent base and organizational capabilities, and strategic M&A. We remain committed to enhancing corporate value for all our stakeholders."
Taka Shimizu, a Managing Partner at L Catterton, said, "Our investment in Ci FLAVORS in 2022 was anchored in our conviction in its ability to solidify its leading position in Japan and expand overseas due to its innovation capabilities, stellar products, and dominance in key sales channels, as well as the robust fundamentals which underpin its target markets. The Company has achieved that through strategic planning and disciplined execution. It has been a privilege to work alongside Ci FLAVORS’ founder and management team on this journey, and we are confident that the Company is well positioned for further growth under KKR's ownership."
KKR is making this investment as part of its flagship Asia Pacific private equity strategy. This transaction builds on KKR’s deep experience investing in consumer businesses globally. Relevant investments include: Wella Company, a leading global professional and retail hair care and beauty company; Fresha, a leading platform for the beauty and wellness industry; Seiyu, a nationwide supermarket chain in Japan; V3 Group, an Asian lifestyle and wellness company that operates a portfolio of brands including TWG Tea and Bacha Coffee; and Vini Cosmetics, a leading personal care company founded in India.
Financial terms of the transaction were not disclosed.
About Ci FLAVORS
Ci FLAVORS has defined its purpose as “Illuminate Individuality, Brighten Lives, Shine the World.” To bring the joy of beauty to consumers around the globe, the Group develops products through its portfolio of unique brands that go beyond functionality, with a focus on design that enhances everyday life and ideas that create excitement with every use. By helping each consumer shine more brightly than the day before, Ci FLAVORS seeks to contribute to better lives and society and make the world a more cheerful place to be.
Ci FLAVORS Group Companies:
COSME COMPANY CO., LTD. https://cosmecompany.jp ViCRÉA, LTD. https://vicrea.jp Stella Seed Inc. https://stellaseed.jp JPSLAB CO., LTD. https://www.jps-labo.jp Dr.Once CO., LTD. https://dr-once.jp/company/ Bottle Works Inc. https://bottleworks.jp BEAUTE･DE･MODE CO., LTD. https://beaute-de-mode.jp MAISON BLOOM Co., Ltd. https://maison-bloom.jp ARCUS & co.,ltd. https://arcusand.jp Ecotone Co., Ltd. https://www.ectn.jp She style Co., Ltd. https://she-style.com Bridge Co., Ltd. https://bridge.tokyo Famm Co., Ltd. AHRES Inc. https://ahres.jp dr365 Co., Ltd. https://dr365.co.jp FAVE. Co., Ltd. https://www.fave.inc/ ANKER CREATE CO., LTD. https://ankercreate.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 L Catterton
L Catterton is the largest global consumer-focused investment firm managing approximately $40 billion of equity capital across multi-product platforms dedicated to private equity, credit, and real estate. The firm's funds have the ability to invest between $5 million and $5 billion, across the capital structure, in well-positioned consumer businesses. Leveraging deep category insight, operational excellence, and a broad network of strategic relationships, L Catterton's team of more than 200 investment and operating professionals across 18 offices partners with management teams to drive differentiated value creation across its portfolio. Founded in 1989, the firm has made over 300 investments in some of the world's most iconic consumer brands. For more information, please visit www.lcatterton.com.
Australian insurance broker Steadfast Group said on Friday it has agreed to a A$7.7 billion ($5.51 billion) takeover offer by a U.S. consortium backed by investment firm KKR (KKR.N).
As part of the proposal, insurance distributor Amwins Group will acquire Steadfast's underwriting agency operations, while U.S.-based Dragoneer Investment will take over its broking business.
Steadfast shareholders, as previously announced, will receive A$6 apiece, representing a 51.9% premium since the stock's closing on June 9 — the last trading day before the company disclosed it had received a non-binding proposal from Dragoneer and Amwins.
The Sydney-based company's board has unanimously recommended that shareholders vote in favour of the scheme, in the absence of a superior proposal and subject to an independent expert concluding the deal is in shareholders' best interests.
Steadfast is currently targeting to implement the scheme in December, it said in an exchange filing after market hours.
KKR měla k 30. červnu 2026 aktiva ve správě ve výši 796 miliard USD a míří na 1 bilion USD do roku 2030. Růst podporují akvizice, diverzifikace a širší distribuce.
Key Takeaways KKR's AUM reached $796B as of June 30, 2026, reflecting growth across credit, private equity & real assets.KKR is targeting $1T in AUM by 2030 through diversification, acquisitions and expanded distribution.KKR's AUM has seen an 18% CAGR, while management fees have witnessed a 25% CAGR since 2020. KKR & Co. Inc.’s (KKR - Free Report) expanding asset base underscores its evolution into a scaled and diversified global investment platform. With assets under management (“AUM”) of $796 billion as of June 30, 2026, the company has already covered a substantial portion of the distance toward its $1-trillion AUM target by 2030. The breadth of its asset mix, along with acquisitions and expanding distribution capabilities, could help KKR sustain the momentum required to reach that milestone.
KKR’s AUM spans Credit & Liquid Strategies, Private Equity, and Real Assets, reducing its dependence on traditional private equity for growth. Exposure to infrastructure, real estate, private credit, asset-based finance and insurance-linked investments provides multiple avenues to raise and deploy capital across market cycles. This diversification also supports a broader and more recurring management-fee base.
The company’s long-term growth record reinforces the case for further expansion. Per its August 2026 Investor Presentation, KKR’s AUM saw a compound annual growth rate (“CAGR”) of 18% from 2010 through the second quarter of 2026. More importantly, management fees witnessed a 25% CAGR from 2020 through the second quarter of 2026, indicating that the increase in scale is translating into stronger recurring earnings power.
Asset Under Management
Image Source: KKR & Co. Inc.
Strategic acquisitions are also helping KKR move closer to the $1-trillion mark. In May 2026, the company completed its acquisition of Arctos Partners, which enhanced KKR’s sourcing and origination capabilities across private equity, credit, real assets, insurance and capital markets. In July 2025, KKR completed the acquisition of a majority stake in HealthCare Royalty Partners, a middle-market biopharma royalty acquisition company, adding nearly $3 billion to its AUM.
Nonetheless, the path to $1 trillion may not be completely smooth. Concerns surrounding private credit, weaker investor sentiment and rising redemptions across parts of the sector could moderately restrain near-term fundraising and AUM growth. Such pressures could become more meaningful if credit conditions deteriorate or institutional investors turn more cautious toward alternative assets.
Even so, KKR’s diversified AUM base, recurring fee streams, acquisition strategy and broader distribution network provide several levers for long-term expansion. With AUM already approaching $800 billion and earnings projections calling for 29.4% growth over the next three to five years, well above the industry average of 8.3%, the company appears well-positioned to make further progress toward its $1-trillion target by 2030.
AUM Performance of KKR’s PeersApollo Global Management’s ((APO - Free Report) ) AUM witnessed a CAGR of 19.6% over the past three years (2022-2025), with the rising trend continuing in the first half of 2026. The increase in Apollo’s AUM is primarily driven by growth in its retirement services client assets, subscriptions across the platform and new financing facilities.
The acquisition of Bridge Investment Group Holding nearly doubled Apollo Global Management’s real estate AUM to more than $110 billion. By 2029, Apollo Global Management expects the total AUM to reach $1.5 trillion by scaling its private equity business.
Similarly, Blackstone Inc. (BX - Free Report) has been witnessing a rise in its AUM balance. Over the past five years (2020-2025), Blackstone's total AUM and fee-earning AUM have recorded a CAGR of 15.6% and 14.4%, respectively. The rising trend continued for both in the first half of 2026.
Blackstone’s robust AUM base supports long-term earnings growth by providing a larger pool of fee-generating capital across its private equity, real estate, credit and infrastructure platforms.
KKR’s Price Performance & Zacks RankThe company’s shares have gained 16.6% in the past three months compared with the industry’s 8.6% rise.
Price Performance
Image Source: Zacks Investment Research
Currently, KKR carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Investment will accelerate the company’s live entertainment ambitions and build on its pioneering role in bringing global artists and marquee productions to Indian audiences.
MUMBAI, India--(BUSINESS WIRE)--KKR, a leading global investment firm, and BookMyShow (the ‘Company’), one of India’s leading entertainment destinations, today announced the signing of definitive agreements under which funds managed by KKR will acquire a minority stake in the Company. KKR’s investment will support BookMyShow’s next phase of growth as it scales its live entertainment business and deepens its full-stack offering across India.
Established in 2007, BookMyShow has evolved from a ticketing platform into a full-stack entertainment company, combining technology, consumer reach and deep industry capabilities across movies, live entertainment and experiences. A key part of this evolution has been BookMyShow Live, the Company’s live entertainment experiences division, which operates across the value chain - from talent and IP acquisition to production, promotion, partnerships, and audience development. Through sustained investment in the ecosystem, BookMyShow Live has built the capabilities and scale to bring increasingly ambitious entertainment experiences to India, while contributing to the development of a more robust and commercially viable live entertainment market.
KKR’s investment reflects its conviction in India’s entertainment sector and in BookMyShow’s ability to drive its next phase of growth, powered by rising discretionary spending, a large and young consumer base, and growing demand for world-class live experiences. With expansive consumer reach, technology and entertainment capabilities, the Company is positioned to continue its growth in a fast-maturing market.
Akshay Tanna, Partner and Head of India Private Equity at KKR, said, “BookMyShow has been a pioneer in delivering high-quality entertainment experiences in India. We are pleased to support BookMyShow as it continues to lead the next phase of growth in India’s out-of-home entertainment sector. We believe BookMyShow will play an important role in advancing India’s ambition to become a global entertainment hub and a premier destination for leading artists and acts from around the world. We look forward to combining our deep local knowledge with our global investment experience and network to support BookMyShow in its next stage of transformation and further elevate the world-class experiences it delivers to audiences across India.”
Ashish Hemrajani, Founder & CEO, BookMyShow, said, “We are delighted to welcome KKR as an investor in BookMyShow. Their global perspective, deep expertise and strong understanding of consumer businesses will be invaluable as we enter the next phase of our journey. The timing of this investment is particularly exciting, as we have significantly expanded our presence across the live entertainment landscape and are seeing the opportunity for India’s entertainment economy grow like never before. We are also grateful to our longstanding investors Network18 (part of Reliance Industries Limited), Accel Partners, Elevation Capital, Stripes Group, and TPG for their continued support.”
The transaction marks KKR’s latest private equity investment in India, where KKR has made investments across a range of industries and sectors including Medicover India, a multi-speciality hospital; Lighthouse Learning, a leading Indian education services provider; Vini Cosmetics, a leading personal care and beauty products company; Healthcare Global Enterprises, a leading oncology hospital chain; Darwinbox, a leading HR technology platform; Rebel Foods, an internet restaurant company. BookMyShow adds to KKR’s global portfolio of Media and Entertainment investments, including Internet Brands; ByteDance; Chord Music Partners; Epic Games; PlayOnSports; OverDrive; Superstruct; and Simon & Schuster.
The transaction is subject to customary regulatory approvals. Additional details of the transaction are not disclosed.
Avendus Capital served as the exclusive financial advisor for BookMyShow, while Trilegal acted as legal advisor.
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About BookMyShow
Launched in 2007, BookMyShow, owned and operated by Bigtree Entertainment Pvt. Ltd. (founded in 1999), is one of India's leading entertainment destinations with global operations and the one-stop shop for every entertainment need. The firm is present in over 700 towns and cities in India and works with partners across the industry to provide unmatched entertainment experiences to millions of customers. Over the years, the company has evolved from a purely online ticketing platform for movies across 7,000 plus screens, to end-to-end management of live entertainment events including music concerts, live performances, theatricals, sports and more, all accomplished at par with global standards. Some of the key properties that BookMyShow Live, the live entertainment experiential division of BookMyShow, has brought to its markets over the past few years include Lollapalooza India, U2’s The Joshua Tree Tour, NBA’s debut games in India, Disney’s Aladdin, Cirque du Soleil BAZZAR as also international artists such as Coldplay, Ed Sheeran, Travis Scott, Linkin’ Park, John Mayer, Guns N’ Roses, Post Malone, Def Leppard, Justin Bieber to name a few.
BookMyShow is invested in providing the best user experience, whether on-ground or online and to that effect, launched BookMyShow Stream, India’s largest home-grown transactional video-on-demand (TVOD) platform hosting award-winning and critically acclaimed content from around the world, complementing its cinemas business. BookMyShow also houses India’s most extensive organic reviews and ratings engine for movies and has driven technology innovations, such as the M-ticket and Movie Mode, impacting tens of millions of users and the industry at large. With continued support from marquee investors like TPG Growth, Stripes Group, Elevation Capital (formerly SAIF Partners), Accel and Network18 (part of Reliance Industries Limited), and now KKR, BookMyShow has constantly demonstrated category leadership, growing beyond India with operations in Singapore, Indonesia, Malaysia, UAE and Sri Lanka. BookMyShow is also committed to society at large, by way of BookAChange and BookMyShow Foundation, which support special causes to enrich the lives of the less fortunate across India through entertainment-led experiences.
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.
KKR je favoritem na koupi menšinového podílu v Avisena Healthcare, což by mohlo ocenit malajsijskou firmu na asi 1,5 miliardy ringgitů. Dohoda by mohla být podepsána už začátkem září.
KKR & Co (KKR.N) has emerged as the preferred bidder to buy a minority stake in Avisena Healthcare in a deal that could value the Malaysian healthcare firm at about 1.5 billion ringgit ($370 million), two people with direct knowledge of the matter said.
The parties could sign a deal as soon as early September, the people said, declining to be named as the matter is private.
Reuters reported on July 2 that global investment firms Bain Capital, KKR and Southeast Asia-focused private equity firm KV Asia Capital had been shortlisted to buy about 20% to 25% of Avisena in a deal that could be worth 300 million to 400 million ringgit.
KKR and Bain Capital declined to comment. Avisena Healthcare and KV Asia did not immediately respond to requests for comment.
The deal comes as healthcare assets in Southeast Asia draw investor interest. Rising incomes, ageing populations and demand for private medical treatment have supported the sector.
Malaysia's Sunway Healthcare raised 2.9 billion ringgit in an initial public offering this year, the country's biggest listing in nine years. TPG hired banks to explore options for Asia OneHealthcare, including a potential sale or IPO.
Avisena began as a small medical facility in Shah Alam in 1996 and was rebranded in 2018, according to its website. It has since expanded and now includes Avisena Specialist Hospital, Avisena Specialist Hospital 2 and Avisena Renal Care.
It has five medical facilities, more than 75 resident specialists across 60 specialty areas and serves more than 250,000 local and international patients annually, its website showed.
Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid Purchase Licensing Rights, opens new tab
CompaniesAug 18 (Reuters) - Private equity firm KKR (KKR.N), opens new tab has offered to buy U.S. natural gas and electricity distributor UGI Corp (UGI.N), opens new tab for $9 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
The offer values UGI at $42.50 per share, the report said. This represents a premium of 21.1% to UGI's closing price on Monday, according to Reuters calculations.
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Shares of UGI jumped more than 12% in early trading, while KKR's stock was down roughly 1%.
A surge in electricity demand from AI data centers and other large power users is reshaping the U.S. energy market, putting reliable sources such as natural gas in greater focus.
KKR and UGI did not immediately respond to Reuters requests for comment.
Reporting by Katha Kalia in Bengaluru; Editing by Tasim Zahid
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Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid Purchase Licensing Rights, opens new tab
CompaniesAug 6 (Reuters) - Swedish healthcare provider Medicover (MCOVb.ST), opens new tab agreed on Thursday to sell its India hospital business to funds managed by global investment firm KKR (KKR.N), opens new tab for €1.2 billion ($1.39 billion).
Medicover said the deal would help it focus strategically and operationally on Poland, Germany and Romania.
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The divestment will bring Medicover gross cash proceeds of €740 million
Medicover's financial targets remain unchanged until after completion of the transaction, the company said
It expects to complete the divestment in the fourth quarter of 2026
Medicover’s ownership in Medicover Hospitals India (MHI) amounts to 66.1%, while minority shareholders hold 33.9%
MHI generated annual revenue of €220.5 million on a last-twelve-months basis as of June 30, 2026
In the second quarter, India made up 10% of Medicover's revenue, according to its quarterly report
($1 = 0.8663 euros)
Reporting by Vera Dvorakova in Gdansk; Editing by Izabela Niemiec
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KKR & Co. Inc. (KKR - Free Report) came out with quarterly earnings of $1.63 per share, beating the Zacks Consensus Estimate of $1.42 per share. This compares to earnings of $1.18 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +14.79%. A quarter ago, it was expected that this company would post earnings of $1.28 per share when it actually produced earnings of $1.39, delivering a surprise of +8.59%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
KKR & Co., which belongs to the Zacks Financial - Investment Management industry, posted revenues of $1.73 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 13.47%. This compares to year-ago revenues of $1.28 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
KKR & Co. shares have lost about 22.1% since the beginning of the year versus the S&P 500's gain of 6.9%.
What's Next for KKR & Co.?While KKR & Co. has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for KKR & Co. was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.57 on $1.7 billion in revenues for the coming quarter and $6.11 on $6.28 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Investment Management is currently in the top 23% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Great Elm Capital (GECC - Free Report) , is yet to report results for the quarter ended June 2026.
This company is expected to post quarterly earnings of $0.34 per share in its upcoming report, which represents a year-over-year change of -33.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Great Elm Capital's revenues are expected to be $11.13 million, down 22.1% from the year-ago quarter.
KKR čeká ve 2. čtvrtletí EPS 1,42 USD a tržby 1,52 miliardy USD, což znamená meziroční růst. Výsledky mohou brzdit vyšší náklady na odměny, provize a reinsurance.
Key Takeaways KKR's Q2 EPS is estimated to be $1.42, suggesting a marginal year-over-year increase.Revenues are projected to rise 18.5% y/y, supported by higher AUM and management fees.Higher employee compensation, commission and fundraising-related expenses may weigh on results. KKR & Co. Inc. (KKR - Free Report) is slated to report second-quarter 2026 results on July 30, 2026, before the opening bell. Its earnings and revenues in the to-be-reported quarter are expected to have increased year over year.
In the last reported quarter, the company's earnings surpassed the Zacks Consensus Estimate. Its results benefited from higher assets under management (AUM) and transaction fees in the capital markets business. However, higher expenses acted as a headwind.
The company boasts an impressive earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missed once, with the average beat being 3.82%.
Earnings & Sales Estimates for KKRThe Zacks Consensus Estimate for earnings for the second quarter of 2026 is pegged at $1.42 per share, which has been revised upward over the past week. The figure indicates marginal growth from the year-ago quarter's reported figure.
The consensus estimate for sales for the second quarter of 2026 is pegged at $1.52 billion, reflecting a 18.5% year-over-year increase.
KKR & Co.'s Recent DevelopmentsIn May 2026, KKR completed its previously announced acquisition of Arctos Partners, expanding its presence in sports franchise investing and enhancing its GP solutions and secondaries capabilities. The transaction aligns with KKR's long-term strategy to scale its asset management platform and achieve at least $1 trillion in AUM by 2030.
The acquisition strengthens KKR's sourcing capabilities across private markets and expands its relationships with sports industry participants. It is also expected to enhance its wealth and institutional distribution capabilities, with perpetual and long-dated capital projected to account for nearly 53% of its $759 billion AUM.
Now, let us discuss the factors that are likely to have influenced KKR's second-quarter performance.
Key Factors & Estimates for KKR in Q2KKR has been witnessing growth in fee-earning AUM and total AUM, supported by its diversified product and revenue mix, strong position in the alternative investments space and steady net inflows. With client activity remaining robust during the second quarter, the company is expected to have recorded further growth in AUM, driven by stronger inflows.
The Zacks Consensus Estimate for AUM is pegged at $782.4 billion, suggesting a rise of 14.1% from the prior-year quarter. Likewise, the consensus estimate for fee-paying AUM is pegged at $636.4 billion, indicating a 14.4% year-over-year increase.
The Zacks Consensus Estimate for management fees (segment revenues) for the to-be-reported quarter is pegged at $1.17 billion, suggesting growth of 17.6% from the prior-year quarter. The consensus estimate for fee-related performance revenues (segment revenues) of $98.17 million implies an increase of 82.7% on a year-over-year basis.
Additionally, KKR is expected to have generated profits from deal exits during the to-be-reported quarter. Based on the company's preliminary estimate for the period between March 31 and June 24, 2026, total realized performance income and net realized investment income are expected to exceed $900 million, up from $475 million in the prior-year quarter.
Talking about expenses, KKR is likely to have reported elevated expenses in the to-be-reported quarter, due to higher employee compensation, commission and reinsurance expenses. The company anticipates expenses to remain elevated as placement fees increase with continued fundraising activity.
What Our Model Predicts for KKROur proven model does not conclusively predict an earnings beat for KKR this time. The combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the odds of an earnings beat. That is not the case here, as you can see below.
You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for KKR is -2.53%.
Zacks Rank: The company currently carries a Zacks Rank #3. You can see the complete list of today's Zacks #1 Rank stocks here.
Performance of KKR's PeersBlackRock’s (BLK - Free Report) second-quarter 2026 adjusted earnings of $13.91 per share handily surpassed the Zacks Consensus Estimate of $12.72. The figure reflects a 15% rise from the year-ago quarter.
BLK’s results benefited from a rise in revenues. The AUM balance witnessed robust year-over-year growth, driven by net inflows, to record levels. However, higher expenses created a headwind.
Blackstone’s (BX - Free Report) second-quarter 2026 distributable earnings of $1.52 per share outpaced the Zacks Consensus Estimate of $1.33. The figure soared 26% from the prior-year quarter.
BX’s results benefited from a rise in AUM and higher revenues. An increase in GAAP expenses was the undermining factor.
KKR za čtvrtletí čeká zisk 1,41 USD na akcii, tedy meziroční růst o 19,5 %, při tržbách 1,52 miliardy USD, což je o 18,5 % více. Výsledky zveřejní 30. července.
KKR & Co. Inc. (KKR - Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 30. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis company is expected to post quarterly earnings of $1.41 per share in its upcoming report, which represents a year-over-year change of +19.5%.
Revenues are expected to be $1.52 billion, up 18.5% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.24% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for KKR & Co.?For KKR & Co., the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.21%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that KKR & Co. will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that KKR & Co. would post earnings of $1.28 per share when it actually produced earnings of $1.39, delivering a surprise of +8.59%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
KKR & Co. doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
KKR poskytne Ampolu financování ve výši A$400 milionů na refinancování a obecné firemní účely. Investice je podpořena jeho privátním úvěrovým a pojistným byznysem.
SYDNEY--(BUSINESS WIRE)--KKR, a leading global investment firm, today announced its cornerstone investment in a A$400 million (US$275 million) financing solution (the "Financing") for Ampol Limited (ASX: ALD) ("Ampol"), anchored by KKR's private credit and insurance platforms. The investment will support Ampol’s refinancing initiatives and other general corporate purposes, in line with its Capital Allocation Framework.
Listed on the ASX, Ampol operates an integrated fuel supply and marketing value chain in Australia that encompasses the Lytton refinery in Queensland, an extensive national network of terminals and pipelines, and a convenience retail footprint of approximately 1,700 sites. Ampol also maintains a significant presence in New Zealand with approximately 500 retail sites and has international operations via its trading and shipping capabilities based in Singapore and the USA.
KKR’s Asia Pacific Credit platform seeks to provide, among other private credit strategies, bespoke solutions to high-quality companies, entrepreneurs and sponsors that harness the strength of KKR’s private markets investment capabilities and its expertise as one of the largest alternative credit managers globally.
Diane Raposio, Partner and Head of Asia Credit and Markets, KKR, said, “We are focused on providing flexible capital to high-quality companies as they pursue their strategic objectives. Ampol is an established, strong investment-grade business with a long operating history and a sophisticated approach to capital management. We are pleased to partner with Ampol on this financing, building on KKR's track record in the ANZ region and across Asia Pacific.”
Greg Barnes, Group Chief Financial Officer, Ampol, said, “The transaction is another example of our proactive approach to funding and capital management. We are delighted with the significant support received from KKR on this occasion, and our collaboration with Temasek-backed Clifford Capital in arranging the transaction with our advisers. We have a meaningful presence in Singapore and value the partnership with KKR and Clifford Capital.”
KKR’s investment was supported by Clifford Capital, a Temasek-backed and Singapore-headquartered global infrastructure credit platform, reflecting the firm's capability in delivering tailored capital solutions and connecting institutional investors with leading corporates across the Asia Pacific region.
Vidyasagar Pulavarti, Chief Investment Officer, Asset Management, Clifford Capital, said, “Private investment grade credit continues to present compelling opportunities for institutional investors seeking resilient, long-term returns. We are delighted to collaborate with KKR, Ampol and Barrenjoey on this transaction, which underscores Clifford Capital Asset Management’s role as a trusted partner in accessing, structuring and delivering high-quality private credit assets, underpinned by rigorous investment discipline and robust Investment Committee oversight through our Private Investment Grade strategy.”
KKR is making this investment from its Asia Pacific Credit strategy and insurance platform. In Australia, KKR has provided bespoke solutions to Family Doctor, a leading group of general practitioner clinics, DBG Health, a leading pharmaceutical company, and Lendi, a leading fintech, and financings to companies and sponsors across a range of industries and private credit strategies. Since 2019, KKR has committed more than US$9.1 billion across 63 credit investments under its Asia Pacific Credit strategy, accounting for a total transaction volume of more than US$28.4 billion.
Disclaimer
This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for the Financing in the United States or any other jurisdiction where to do so would be unlawful. The Company has not registered, and does not intend to register, any portion of the Financing in the United States or any other jurisdiction and does not intend to conduct a public offering of securities in any of these jurisdictions.
In particular, the Financing has not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or the securities laws of any state or other jurisdiction of the United States. The Financing may not be offered or sold, directly or indirectly, in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable state securities laws. The offering is being made only to (a) persons outside of the United States or (b) "qualified institutional buyers" ("QIBs") within the meaning of Rule 144A under the Securities Act ("Rule 144A"). Prospective purchasers are hereby notified that the sellers or issuer of the Financing may be relying on the exemption from registration requirements of the Securities Act provided by Rule 144A or another available exemption from registration.
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.
KKR převezme řízení nové korejské platformy pro obnovitelné zdroje společně se SK za 1,3 miliardy USD. Projekt má začít na 1,7 GW a růst až na 10 GW kvůli poptávce po čisté energii pro datacentra s AI a čipy.
U.S. private equity giant KKR will take management control of a new $1.3 billion renewable energy platform in South Korea, deepening its bet on growing demand for clean power from chipmakers and artificial intelligence data centers.
KKR and SK Inc. said Wednesday they will launch what they described as South Korea's largest renewable energy platform, valued at 2 trillion won ($1.3 billion), integrating wind, solar and fuel cell assets previously held across the conglomerate's businesses.
The platform will start with 1.7 gigawatts of operating capacity before scaling to 10 gigawatts — enough to power 100 large-scale, 100-megawatt data centers simultaneously, the companies said in a statement.
KKR will hold initial management control in the venture, bringing together renewable businesses and assets from several subsidiaries under SK Group, including SK Innovation, SK ecoplant, and SK eternix. SK will participate as an equity investor and retains the option to seek control rights through future talks.
The new venture will help South Korea meet the surging demand for clean power from AI data centers, semiconductor production lines, and other large industrial needs, KKR said in a statement.
The announcement came after South Korea announced on Monday three massive investment projects spanning semiconductors, physical AI and AI data centers. SK Group, the country's second-largest conglomerate, said it planned to invest an average of 100 trillion won a year to expand semiconductor production and build AI data centers.
"Korea is one of Asia's most attractive renewable energy markets, underpinned by strong corporate demand for clean power from the semiconductor, data center, and manufacturing sectors," said Keith Kim, a KKR partner.
KKR is funding the deal through its Asia Pacific infrastructure strategy, which has invested more than $31 billion into energy transition and renewables globally since 2011.
The Korea platform adds to KKR's renewable energy portfolio in the region, which includes investments in India-based Serentica Renewables and Australian companies CleanPeak Energy and Zenith Energy.
The deal also came as SK Group continued to push through its years-long "value-up plan," including selling assets and restructuring efforts to reduce debt leverage. SK said the platform is part of a broader effort to sharpen its portfolio and improve capital efficiency.
EDF podepsala dohodu o prodeji své divize EDF Power Solutions v USA a Kanadě fondu KKR. Součástí jsou provozy a aktiva o výkonu 5,6 GW obnovitelných zdrojů.
The logo is seen prior to the presentation of the French state-owned utility EDF 2023 half-year results in Paris, France, July 27, 2023. REUTERS/Benoit Tessier Purchase Licensing Rights, opens new tab
CompaniesJune 26 (Reuters) - EDF signed an agreement to sell EDF Power Solutions in the United States and Canada to private equity firm KKR, the company said on Friday.
KKR will acquire the operations and assets. In the U.S. and Canada, EDF Power Solutions operates 5.6 gigawatts of renewable assets.
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EDF, which owns and operates France's nuclear fleet, must raise cash to maintain its 57 aging reactors and finance the construction of six new units.
In November EDF CEO Bernard Fontana told Reuters the company was considering selling between 50% and 100% of its U.S. renewable unit, a deal that could value the business at nearly €4 billion ($4.56 billion).
EDF has developed 26 gigawatts of wind, solar and battery storage projects plus electric vehicle charging sites and has 17 GW under service contracts in North America, which includes a small amount in Canada and Mexico, according to its website.
($1 = 0.8773 euros)
Reporting by Margaux Perrin in Gdansk, Editing by Louise Heavens
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KKR oznámila monetizaci přes 900 milionů USD za období od 31. března 2026 do 24. června 2026 a uvedla, že je asi o 66 % nad průměrem za období 2023 až 2025. Akcie po zprávě vzrostly o více než 3 %.
KKR Asset Management (NYSE:KKR) shares added more than 3% on Thursday after the alternative asset manager provided an update highlighting stronger monetization activity and changes to its financial reporting.
The firm announced that monetization activity exceeded $900 million for the period from March 31, 2026, through June 24, 2026, based on information currently available.
Approximately 80% of the amount was attributable to realized performance income, while the remaining 20% came from realized investment income.
KKR noted that the quarter-to-date total is about 66% above the quarterly average of $542 million recorded between 2023 and 2025. The company said it has experienced an acceleration in monetization activity and capital returned to clients so far this year.
In the first quarter of 2026, monetization activity totaled $878 million, representing a 62% increase from the same three-year quarterly average.
The company also announced a change in how it will report realized performance fees from its K-Series Private Equity vehicles beginning with second-quarter 2026 results. Those fees will now be included in Fee Related Performance Revenues within segment earnings and will be subject to a compensation margin of 15% to 20%. Previously, the fees were reported within Realized Performance Income and carried a compensation margin of 70% to 80%.
KKR said the revised reporting approach aligns with current industry practices and is intended to improve comparability for investors. Performance fees from its K-Series Infrastructure vehicles will continue to be reported in Fee Related Performance Revenues.
KKR also said it expects Capital Markets transaction fees of approximately $175 million for the second quarter of 2026, as some transactions initially anticipated to close late in the quarter are now expected to close in the third quarter.
The firm highlighted that its actual second quarter results could differ from current estimates.
The company logo of the Space systems specialist OHB in Oberpfaffenhofen near Munich, southern Germany, April 18, 2016. REUTERS/Michael Dalder Purchase Licensing Rights, opens new tab
June 22 (Reuters) - German satellite maker OHB (OHBG.DE), opens new tab said on Monday it was launching a share sale with KKR (KKR.N), opens new tab to bring in new investors and seek a higher valuation as interest in space stocks rises after Elon Musk's blockbuster SpaceX listing.
The combined offering would more than triple OHB's free float and imply a market value of 6.3 billion euros, positioning the company to capitalise on a surge in investor appetite for the sector.
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OHB said it will issue up to 1.7 million new shares at 300 euros each, raising up to 510.7 million euros. KKR-owned Orchid Lux HoldCo will sell up to 1.23 million existing shares, according to a bookrunner for the deal.
The global investment firm will trim its stake to around 20% from 28.6% and net up to 368 million euros, more than it paid for the entire stake in 2023.
The total deal size includes a greenshoe option and would increase OHB's free float to 19.2% from 5.7%, the bookrunner said.
The offer price was a 26% discount to OHB's closing price of 405.5 euros.
The Fuchs family, OHB's majority shareholder, waived its subscription rights but will not sell any shares.
SpaceX (SPCX.O), opens new tab surged past $2 trillion in its record-setting initial public offering on June 12, lifting investor appetite for space stocks. "Everyone is aiming for higher valuations after the SpaceX IPO," CEO Marco Fuchs told Reuters earlier this month.
Shares from KKR and most of the new stock will be placed with institutional investors through Wednesday, while existing shareholders can exercise subscription rights from June 25 to July 8.
($1 = 0.8728 euros)
Reporting by Gianluca Lo Nostro and Alexander Hübner; Editing by Joe Bavier and Matt Scuffham
Our Standards: The Thomson Reuters Trust Principles., opens new tab
KKR má v privátním úvěrování jen malou expozici: alternativní úvěry tvoří 149 miliard USD z 758 miliard USD spravovaných aktiv. Firma navíc drží převážně zajištěné a prvotně zajištěné úvěry.
The private credit market had been a boon for alternative investment firms. KKR (KKR 0.76%) and others raised billions of dollars from investors, which they then invested in private loans. However, the private credit sector has come under pressure over the past year due to high-profile bankruptcies and growing concerns that AI will disrupt software companies, leading to a surge in defaults.
That has investors on edge. They're flooding private credit fund sponsors with redemption requests, forcing these firms to restrict withdrawals. While the sector's growing issues are a concern for KKR, here's why the leading alternative investment manager appears to be in a strong position to weather this storm.
Image source: Getty Images.
Not all private credit is the same There are many misconceptions about private credit. The sector has grown over the last decade due to a combination of rising industry capital needs and traditional lenders pulling back amid rising regulations and capital requirements. This growing gap opened the door for alternative capital providers to underwrite loans for these borrowers.
At the core, private credit is simply a senior loan to asset owners and businesses in return for a prioritized, fixed-income return. The sector's issues all boil down to the lender. Some private credit lenders have looser underwriting standards, while others are stricter. Similarly, some lenders make loans based on a borrower's income, while others make only collateralized loans. A conservative lender making collateralized loans is taking on significantly less default risk than one making unsecured loans based on the borrower's current ability to repay.
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Built to mitigate risk KKR has been investing in private credit for more than 20 years. The global investment firm had $293 billion in credit assets under management (AUM) at the end of the first quarter. However, alternative credit is only $149 billion in its AUM, and direct lending is a mere $39 billion of that amount (which includes loans made by its public and private business development companies (BDCs)). As a result, private credit accounts for a fraction of its total AUM of $758 billion. Further, the company focuses on making lower-risk loans, including senior-secured, first-lien direct lending and collateralized ABF (Asset Backed Financing) loans. KKR has also been very disciplined in its underwriting and diversifies across industries (software is just 5% of its credit portfolio).
The global investment firm's strategy has yielded exceptional results. Every single one of its current vintage of funds is delivering returns that significantly exceed their respective benchmarks. That track record of success is attracting more capital to its funds, even as investors withdraw from other funds. KKR's CFO, Rob Lewin, noted on the first quarter conference call that it was one of its larger quarters for credit inflows, driven by its ABF business.
A compelling opportunity worth capitalizing on KKR's stock price has lost more than a third of its value over the past year due to concerns about private credit, even though it's a small yet sound part of the business. Meanwhile, KKR is more than an asset manager as it also has a leading insurance franchise (Global Atlantic) and a growing portfolio of strategic holdings. These businesses generated $4.6 billion of adjusted net income over the last 12 months, with only a small portion coming from direct lending. Given its low exposure to private credit (and high-quality operations), KKR's sell-off is a great buying opportunity.
Ares Management cílí na více než 750 miliard USD v AUM do roku 2028, zatímco KKR míří alespoň na 1 bilion USD v AUM do roku 2030. Obě firmy ale dál brzdí rostoucí náklady.
Key Takeaways ARES is expanding across credit, real assets and secondaries, with a goal of $750B AUM by 2028.KKR is scaling across private equity, credit and insurance, targeting at least $1T AUM by 2030.ARES and KKR have raised earnings estimates, but rising expenses remain a near-term headwind for both. Ares Management Corporation (ARES - Free Report) and KKR & Co. Inc. (KKR - Free Report) are prominent alternative asset managers with diversified investment platforms across private equity, credit and real assets. ARES primarily focuses on alternative investment solutions spanning credit, private equity, real assets, secondaries and insurance-related strategies. In contrast, KKR operates a broader model that integrates alternative asset management with capital markets and insurance solutions. Both firms benefit from strong institutional relationships, wide-ranging investment capabilities and expanding sources of perpetual capital. However, differences in business mix, growth strategies and revenue drivers could shape their relative performance going forward.
The asset-management industry is navigating a shifting operating backdrop. Rising investments in technology and artificial intelligence are increasing cost pressures, while the rapid growth of ETFs, especially actively managed products, is intensifying competition. Additionally, concerns around private credit markets may weigh on near-term flows into select alternative investment strategies. Still, favorable market conditions and steady inflows continue to support AUM growth across the industry.
Against this backdrop, investors naturally ask: Which firm, ARES or KKR, is better positioned for long-term growth? To answer that, we need to examine their fundamentals more closely.
The Case for ARESAres Management has been strengthening its platform through strategic acquisitions and partnerships. In February 2026, the company acquired BlueCove Limited to strengthen its credit platform and partnered with Slate Asset Management to acquire a Polish retail real estate portfolio, expanding its European footprint. Earlier, the company acquired GCP International in 2025 to broaden its real assets platform. Together, these initiatives have diversified Ares Management's investment offerings, expanded its global footprint and strengthened its position across key alternative asset classes, supporting long-term growth prospects.
Supported by these strategic acquisitions and partnerships, Ares Management's AUM has witnessed consistent growth over the years. Strong fundraising activity through the wealth management channel, growing insurance-related assets, and continued demand for private credit, real assets and secondaries strategies have supported its AUM growth. Further, the company's expanding perpetual capital base and broad distribution network are expected to drive fundraising and deployment activity. With management targeting AUM of more than $750 billion by 2028, ARES appears well positioned to sustain growth over the long term.
Organic growth remains a key strength for Ares Management. Higher management and performance fees from a growing fee-paying asset base have continued to support revenue growth. The acquisition of GCP International has further enhanced the company's real assets and digital infrastructure capabilities, adding incremental management fee revenues. Management continues to target annual organic growth of 16-20% or more in fee-related earnings and more than 20% growth in realized income over the medium term. Going forward, continued expansion in private credit and real assets is expected to support revenue growth and earnings generation.
However, ARES' expense base has been rising due to higher compensation and benefits costs, ongoing investments in fundraising and platform expansion, and expenses associated with integrating acquired businesses. These factors are likely to keep costs elevated and could pressure near-term profitability.
The Case for KKRKKR has been expanding its platform through strategic acquisitions to enhance its investment capabilities and drive asset growth. In May 2026, the company acquired Arctos Partners, an investment firm managing approximately $16 billion in AUM, expanding its capabilities across sports investing, GP solutions and secondaries. Earlier, in July 2025, KKR acquired a majority stake in HealthCare Royalty Partners, adding nearly $3 billion to its AUM and expanding its healthcare-focused investment capabilities. These initiatives have supported KKR's efforts to scale its alternative investment platform, diversify revenue streams and accelerate AUM growth, positioning the company well for long-term expansion.
Building on these initiatives, KKR's AUM balance has grown steadily over the years, reflecting the strength of its diversified investment platform. The company's expanding presence across private equity, credit, infrastructure, real estate and insurance has supported AUM growth, while fundraising and capital deployment activity have remained healthy. Further, a growing perpetual capital base and continued expansion of investment capabilities are expected to support future asset growth. The Arctos acquisition is also expected to increase KKR's exposure to perpetual and long-dated capital and strengthen its wealth and institutional distribution capabilities. Management's goal of reaching at least $1 trillion in AUM by 2030 further underscores confidence in the company's long-term growth prospects.
Organic growth also remains a key strength for KKR. The company continues to benefit from the expansion of its traditional private equity and third-party businesses while adding capabilities across infrastructure, real estate, growth and core investing strategies. These efforts have increased deal activity and broadened KKR's revenue base over time. Continued expansion across these investment platforms is expected to support revenue growth and earnings generation over the long term.
Nevertheless, an elevated expense base remains a headwind for KKR. Higher commission, reinsurance and employee compensation expenses have increased costs, while continued fundraising activity is expected to drive higher placement fees. This could pressure the company's near-term earnings growth.
How Do Earnings Estimates Compare for ARES & KKR?The Zacks Consensus Estimate for ARES’ 2026 and 2027 earnings implies a year-over-year rise of 27.3% and 24.4%, respectively. Earnings estimates for 2026 have been revised upward, while for 2027, it has remained unchanged over the past month.
ARES Estimates Revision Trend
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for KKR’s 2026 and 2027 earnings implies a year-over-year rise of 24.6% and 23.5%, respectively. Earnings estimates for both years have been revised upward over the past month.
KKR Estimates Revision Trend
Image Source: Zacks Investment Research
ARES & KKR: Price Performance, Valuations & Other ComparisonsOver the past three months, ARES and KKR shares gained 20.8% and 6.8%, respectively, compared with the industry’s growth of 10.3%.
Price Performance Comparison
Image Source: Zacks Investment Research
From a valuation standpoint, ARES is currently trading at a forward 12-month price-to-earnings (P/E) multiple of 19.14X, while KKR is currently trading at a forward 12-month P/E multiple of 15.7X. Both are trading at a premium compared with the industry average of 13.66X; however, KKR stock is cheaper than ARES.
Price-to-Earnings F12M
Image Source: Zacks Investment Research
Meanwhile, both Ares Management and KKR & Co reward their shareholders handsomely. In February 2026, ARES raised its quarterly dividend by 20.5% to $1.35 per share. It has a dividend yield of 4.2%. Similarly, KKR raised its annualized dividend by 5.4% to 78 cents per share in May 2026. It has a dividend yield of 0.8%.
Dividend Yield
Image Source: Zacks Investment Research
ARES or KKR: Which Stock Offers More Value?Ares Management and KKR & Co. both benefit from diversified alternative investment platforms, growing perpetual capital bases and healthy fundraising activity, supporting long-term AUM growth. Both companies are also expanding through acquisitions to strengthen their investment capabilities and broaden their market reach.
However, ARES appears to have a slight edge, supported by stronger earnings growth expectations and a significantly higher dividend yield. While KKR trades at a lower valuation and offers solid growth prospects, ARES provides a more compelling combination of growth and income.
Therefore, despite its premium valuation, Ares Management appears better positioned to deliver attractive long-term shareholder returns, making it the more favorable choice for investors seeking both growth and income.
ARES and KKR currently carry a Zacks Rank #3 (Hold) each. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
