Investors interested in Financial - Investment Management stocks are likely familiar with Patria Investments (PAX - Free Report) and KKR & Co. Inc. (KKR - Free Report) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.
Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits.
Patria Investments and KKR & Co. Inc. are sporting Zacks Ranks of #2 (Buy) and #3 (Hold), respectively, right now. Investors should feel comfortable knowing that PAX likely has seen a stronger improvement to its earnings outlook than KKR has recently. However, value investors will care about much more than just this.
Value investors are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its current share price levels.
Our Value category highlights undervalued companies by looking at a variety of key metrics, including the popular P/E ratio, as well as the P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that have been used by value investors for years.
PAX currently has a forward P/E ratio of 8.10, while KKR has a forward P/E of 16.49. We also note that PAX has a PEG ratio of 0.76. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. KKR currently has a PEG ratio of 0.88.
Another notable valuation metric for PAX is its P/B ratio of 1.19. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. For comparison, KKR has a P/B of 1.29.
Based on these metrics and many more, PAX holds a Value grade of A, while KKR has a Value grade of D.
PAX has seen stronger estimate revision activity and sports more attractive valuation metrics than KKR, so it seems like value investors will conclude that PAX is the superior option right now.
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.
KKR manages nearly $800 billion in assets, yet its next big bet is a Phoenix company that fixes broken garage doors. The logic behind a $2 billion valuation reveals something unsettling about where private equity is hunting for returns.
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
There is something almost funny about a firm that manages $796.49 billion in assets writing a check for a company that fixes garage doors. Yet that is reportedly what has happened. KKR has agreed to buy A1 Garage Door Service at a valuation of roughly $2 billion, adding a Phoenix operator founded in 2007 that took growth capital from Cortec Group in 2022 to a home-services portfolio that already includes Neighborly and Groundworks.
KKR (NYSE:KKR | KKR Price Prediction) is doing what the largest alternative managers have been doing for a decade: buying the cash flows that public markets cannot access directly.
What KKR Is Actually Buying A1 is a rollup of local garage-door repair and installation shops. The appeal is the demand pattern. A broken garage door is not a purchase a homeowner postpones or comparison shops for three weeks. The thesis rests on non-deferrable demand, local pricing power, and a customer who is not shopping on price when the technician arrives.
KKR is scaling this playbook. It already owns Neighborly, whose franchise brands cover plumbing, electrical, pest control, and HVAC, and Groundworks in foundation repair. The category is fragmented, unglamorous, and too small for public markets to price efficiently.
The Roll-Up Mechanic In Plain English Private equity buys many small operators at low-single-digit multiples of earnings, consolidates back-office functions, and then sells the combined platform at a higher multiple. Multiple expansion does much of the work. It only works if the next buyer pays more, which is where the argument becomes uncomfortable.
The other constraint is labor. Technicians are the binding input, and their wages are rising faster than the cost of the trucks they drive. Centralized ownership of local service brands also has a mixed record on pricing before customers notice.
Why This Matters To KKR Shareholders KKR earns money through management fees and carried interest, so any single deal matters less than fundraising, deployment, and monetization. Q2 was its largest monetization quarter ever, with FRE of $1.21 billion, up 37% year over year, and $143 billion in dry powder. Co-CEO Joseph Bae said the firm delivered “record Fee-Related Earnings, Total Operating Earnings and Adjusted Net Income per share”.
The stock has not cooperated. KKR is down 15.79% year-to-date and 22.5% over the last year, even as consensus 2027 EPS is $7.39.
Is KKR Stock a Buy? Blackstone (NYSE:BX), with $1.35 trillion in AUM, is bigger and more capital-light. Apollo (NYSE:APO) at $1.05 trillion carries meaningful insurance balance-sheet exposure through Athene.
Ares Management (NYSE:ARES), the smallest at $671.3 billion, is the credit-heavy pure play. KKR sits between them, with a large Global Atlantic book and a growing strategic-holdings segment that management believes can reach $1.1 billion in operating earnings by 2030.
At roughly 14 times 2027 earnings, with fundraising running at a record and the shares down sharply, the setup looks like a Buy for patient holders. The franchise, not the garage doors, is the point of the deal.
Contact [email protected] for any questions or corrections.
Appointments further strengthen KKR’s credit and capital markets capabilities in Europe
LONDON & FRANKFURT, Germany--(BUSINESS WIRE)--KKR, a leading global investment firm, today announced the appointments of Jonty Edwards and Paula Weisshuber as Managing Directors in the firm’s Credit & Markets business, further strengthening KKR’s Credit and Capital Markets capabilities, as well as its local presence across the UK and DACH region.
Edwards and Weisshuber bring complementary experience across strategic advisory, corporate financing and capital markets, as well as extensive relationships with leading corporates across the UK and Europe. Their appointments add significant expertise to KKR’s European Credit & Markets business to meet the growing global demand for private capital solutions.
Weisshuber will be based in Frankfurt and will further expand KKR’s coverage of asset classes on the ground across the DACH region. Weisshuber joins KKR following almost two decades in Bank of America’s capital markets division, where she most recently served as Head of EMEA Corporate Debt Capital Markets, advising leading companies across Europe on financing and capital markets transactions.
Edwards will be based in London and will focus on delivering capital solutions to UK and European businesses. He joins KKR from J.P. Morgan, where he was a Managing Director in Mergers & Acquisitions, advising corporate and private equity clients on a broad range of strategic transactions across industries.
Michael Small, Partner in Credit & Markets at KKR, said: “We are delighted to welcome Jonty and Paula to KKR as we continue to expand our European offering for credit solutions.” Blaine MacDougald, Partner and Co-Head of KKR’s Strategic Investments Group, further commented, “Leading businesses choose KKR for our partnership approach and our ability to provide flexible capital solutions that are tailored to meet their strategic objectives. We are confident that Jonty and Paula will help us deliver for our partner companies as we continue to grow and scale.”
Christian Ollig, Partner and Head of DACH at KKR, said: “Paula’s appointment marks an important further step in building our local advisory platform. We see significant opportunity for our Credit business in the DACH region, as companies, governments and institutions increasingly look to private capital providers for flexible financing solutions to support growth, investment and strategic priorities. We are delighted to welcome Paula and Jonty to KKR.”
Jonty Edwards, Managing Director at KKR, said: “I am excited to join the KKR team. KKR’s scale, expertise and partnership culture uniquely positions it to meet the growing demand for strategic capital across Europe. I look forward to partnering across the firm and supporting the continued growth of the Credit and Markets business.”
Paula Weisshuber, Managing Director at KKR, said: “Companies across the DACH region are increasingly looking for flexible capital solutions that complement traditional sources of financing and can be tailored to their specific strategic objectives. KKR stands out for its ability to deliver solutions to companies across the full capital spectrum. I am delighted to join KKR and look forward to helping the firm bring these capabilities to even more clients and institutions across the DACH region.”
KKR’s global Credit platform manages approximately $293 billion in assets as of June 30, 2026, across a broad range of private and leveraged credit strategies. The firm’s differentiated business model leverages KKR’s deep investment expertise, access to scale capital and collaborative culture to provide tailored solutions to companies across the capital structure.
About Jonty Edwards
Jonty Edwards (London) joined KKR in 2026 as a Managing Director in the firm’s Credit & Markets business. Mr. Edwards is focused on providing capital solutions to European corporate and private equity sponsors. Prior to joining KKR, Mr. Edwards was a Managing Director in mergers and acquisitions at J.P. Morgan, advising corporate and private equity clients on a broad range of transactions across industries. Mr. Edwards qualified as a chartered tax accountant with Deloitte and read engineering at Durham University.
About Paula Weisshuber
Paula Weisshuber (Frankfurt) joined KKR in 2026 as a Managing Director in the firm’s Credit & Markets business. Prior to joining KKR, Ms. Weisshuber spent almost two decades in the capital markets division at Bank of America, where she most recently served as Head of EMEA Corporate Debt Capital Markets. She started her career at BMW Group. Ms. Weisshuber holds a diploma in Business Administration from Berlin School of Economics and Law.
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.
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.
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.
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
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.
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.
KKR-backed OPI nail polish owner Wella Company filed for a U.S. IPO on Monday, adding to a growing list of consumer companies looking to test investor interest for retail brands in public markets.
The hair and nail care firm, which owns a portfolio of brands including Clairol, Sebastian Professional and Nioxin, has a presence in over 100 countries, employing over 6,000 people.
A broader boost to the IPO market from bumper listings this year has encouraged more consumer companies to go public, after a years-long slowdown in new listings of retail-focused firms.
Permira-backed womenswear firm Reformation went public last month in an offering that raised $211 million, while fashion retailer Tailored Brands has filed to list in New York.
Wella traces its roots to 1880, when German hairdresser Franz Ströher founded a business making hair tulle used in wigs, and has since evolved through a series of acquisitions.
The firm was spun out of Coty (COTY.N) after investment firm KKR initially bought a 60% stake from the beauty conglomerate in 2020. It has increased its ownership in the following years, buying a remaining 25.8% of Wella for $750 million in December.
KKR's initial acquisition valued Wella at $4.3 billion, including debt. Reuters exclusively reported earlier this year that the firm had been working with investment banks for the offering, which could meaningfully exceed that figure.
Wella reported an over 9% rise in revenue for the year through June 30 at $2.94 billion, compared with the same period a year ago, while net income was $62.3 million versus an $8.7 million loss in 2025.
The company intends to list on the NYSE under the symbol 'WELA'. Goldman Sachs, BofA Securities, KKR, and J.P. Morgan are among the underwriters to the offering.
NEW YORK--(BUSINESS WIRE)--KKR & Co. Inc. (NYSE: KKR) today announced the signing of a definitive agreement with Aon plc under which Aon will acquire USI Insurance Services (“USI” or the “Company”), a leader in risk management, employee benefits and retirement consulting, for a total consideration of $17 billion from KKR and its co-investors.
USI, KKR’s first core private equity investment, is part of KKR’s Strategic Holdings portfolio. As a premier insurance brokerage and consulting firm with more than 10,500 team members operating out of nearly 200 offices throughout the United States, the Company delivers a broad range of technology-enabled property and casualty, employee benefits, personal risk and retirement solutions to large risk management clients, middle market companies, smaller firms and individuals.
KKR invested in USI in 2017 in partnership with clients, co-investors and USI's management and employees in a transaction that valued the Company at approximately $4.3 billion, and later increased its investment in 2020, 2023 and 2025. Over the course of KKR's ownership, in partnership with management and employees, USI nearly tripled its revenue through a combination of strong, consistent organic growth and more than 90 strategic acquisitions that expanded the Company's scale, geographic reach and capabilities.
Working in partnership with management, KKR supported a differentiated insurance broker hiring and development strategy that more than doubled the size of the USI team, as well as significant investments in proprietary technology, data and AI capabilities that strengthened client service and improved operational efficiency across the business. Over the course of KKR's ownership, USI’s Adjusted Revenues and Adjusted EBITDA grew at compounded annual growth rates of approximately 12% and 13%, respectively.
Joe Bae and Scott Nuttall, Co-Chief Executive Officers of KKR, said: “Thank you to everyone at USI who has been part of our journey. USI is a textbook case of partnership, patience and value creation that delivered an exceptional outcome for our shareholders and clients. This monetization milestone for Strategic Holdings also demonstrates that the compounding opportunity of this portfolio – with durable, growth oriented and recurring cash flows – is real.”
“We are enormously proud of everything the USI team has accomplished over the course of our partnership,” said Chris Harrington, Partner at KKR. “When we acquired USI, we saw a fantastic company that was uniquely positioned to help address the risk management, insurance and employee benefits-related needs of businesses across America. Working alongside Mike Sicard and the management team, we supported significant investments in USI’s people, platform and technology to grow a very good business into a stronger, more scaled and more innovative one. USI has continued to innovate and extend its leadership position, and we believe Aon is the ideal long-term partner to support the next chapter of its growth.”
“USI’s combination with Aon represents a transformative opportunity for the future,” said Mike Sicard, Chairman and CEO of USI. “We’ve had a great long-term partnership with KKR for nearly a decade —together we have invested in our team, our culture and our technology to build the USI platform into what it is today. We are excited to begin the next chapter with Aon and want to thank our partners at KKR for their tremendous support of USI.”
Strategic Holdings & Additional Information
Strategic Holdings represents KKR’s direct ownership in companies that KKR believes are durable and less cyclical and well positioned to compound value over the long term.
Under the agreement, Aon will acquire USI for $17 billion in an all-cash transaction. The implied equity value represents an approximately 6.0x return on the equity KKR invested in 2017, and a 3.4x return on the total KKR balance sheet capital invested over the life of KKR’s investment in USI.
Pro forma for the sale of USI, Strategic Holdings currently comprises ownership interests in 18 companies, representing KKR's share of approximately $3.5 billion in Adjusted Revenue and approximately $800 million in Adjusted EBITDA for the trailing twelve-month period ended March 31, 2026. Through KKR’s Strategic Holdings segment, KKR invests its own capital in portfolio companies through which KKR can earn investment returns in addition to earning fees and carried interest from third party capital.
Subject to closing, the transaction is expected to generate approximately $2.0 billion of ANI for KKR or $2.00 per share of ANI. A reconciliation of forecasted ANI and ANI per share to their corresponding GAAP measures has not been provided due to the unreasonable efforts it would take to provide such a reconciliation.
The transaction is expected to close in the fourth quarter of 2026 and is subject to customary closing conditions and regulatory approvals.
Goldman Sachs & Co. LLC, Insurance Advisory Partners LLC and Morgan Stanley & Co. LLC are serving as financial advisors to KKR and Simpson Thacher & Bartlett LLP is serving as legal advisor to KKR and USI.
KKR has posted additional information in a supplemental presentation available at the Investor Center 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 USI Insurance Services
USI is one of the largest insurance brokerage and consulting firms in the United States, delivering property and casualty, employee benefits, personal risk, program and retirement solutions to its clients nationwide. Headquartered in Valhalla, New York, USI connects more than 10,500 industry-leading professionals from nearly 200 offices to serve clients’ needs. USI has become a premier insurance brokerage and consulting firm by leveraging the USI ONE Advantage®, an interactive platform that integrates proprietary and innovative client solutions, networked local resources and enterprise-wide collaboration to deliver customized results with positive, bottom-line impact. For more information about USI, please visit www.usi.com.
Forward-Looking Statements
This press release contains certain forward-looking statements pertaining to KKR, which include statements with respect to investment funds, vehicles and accounts managed by KKR. 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. 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 but, not limited to, any statements with respect to: statements with respect to the proposed sale of USI (the “Transaction”), including investment returns and after-tax proceeds from the Transaction and the Transaction’s effect on our business, including contributions to Adjusted Net Income (ANI) and ANI per share; statements regarding KKR’s business, financial condition, liquidity and results of operations; and the potential for future business growth, including the pace and level of monetization activity.
The Transaction is subject to closing conditions, and there can be no assurance as to whether or when the Transaction will be completed. Monetization activity is subject to market conditions and numerous other factors not in KKR's control, and there can be no guarantee that the pace of monetization activity will remain robust and is subject to material change, including deceleration.
These forward-looking statements are based on KKR’s beliefs, assumptions and expectations, taking into account all information currently available to it. 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 are within its control. All forward-looking statements speak only as of the date of this press release. KKR does not undertake any obligation to update any forward-looking statements to reflect circumstances or events that occur after the date on which such statements were made except as required by law.
Without limiting the statements made in the prior paragraphs, risks related to the proposed Transaction, including risks that we may not complete the Transaction or that the Transaction may not achieve its intended result, among others, could cause actual results to vary from the forward-looking statements.
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.
NEW YORK--(BUSINESS WIRE)--KKR & Co. Inc. (NYSE: KKR) announced today that Christopher A. Sheldon, Partner and Co-Head of Credit & Markets, will present at the Barclays Global Financial Services Conference on Tuesday, September 15, 2026 at 8:15 AM ET. A live webcast of the presentation will be available on the Investor Center section of KKR's website at https://ir.kkr.com/events-presentations/. For those unable to listen to the live webcast, a replay will be available on the website sho.
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.
KKR KKR , the global alternative-asset manager, agreed to pay $250 million over alleged premerger-filing violations spanning at least 16 transactions, as its shares traded at $110.92. That number looks brutal. The economics look far better: Reuters reported that outside law firms will reimburse the payment, protecting KKR, its funds and their investors from the direct cost.
The record still matters. The Justice Department said the settlement shattered the previous Hart-Scott-Rodino Act penalty by more than 20 times. KKR, which manages over $700 billion, pushed back hard, rejecting the government's characterization and insisting it acted in good faith.
The valuation picture is tempting: KKR's $110.92 share price sits 16.72% below its GF Value™ estimate of $133.19. The reimbursement neutralizes the immediate financial punch, but not the warning. For a dealmaking machine, merger filings are now a front-line risk—and every future transaction is likely to face a brighter regulatory spotlight.
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.
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.
On August 19, 2026, KKR and Co Inc (KKR) shares rose 3.0% today, reaching a current price of $110.46. This price is situated within a 52-week range of $82.67 to $
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.
****
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 & 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.
Shares of UGI Corp (NYSE:UGI) rallied Tuesday afternoon following a Wall Street Journal report detailing a takeover bid.
UGI shares are climbing with conviction. What’s fueling UGI momentum? WSJ Reports Unsolicited Acquisition ProposalPrivate equity giant KKR & Co Inc (NYSE:KKR) submitted an unsolicited proposal to acquire the natural gas and electricity distributor for roughly $9 billion, according to people familiar with the matter, cited by the Wall Street Journal.
The buyout offer values UGI at $42.50 per share. This price tag represents a premium of over 20% compared to the stock’s Monday closing price of $35.09.
The Wall Street Journal highlighted that there are no guarantees UGI will accept the terms or that a final transaction will materialize. Private equity appetite for utility infrastructure has expanded rapidly, driven by rising power demand from data centers and energy grid needs.
UGI Shares Surge Tuesday AfternoonUGI Price Action: UGI shares closed higher by 9.40% at $38.39 at the time of publication on Tuesday, according to Benzinga Pro data.
Read Next
Image: Shutterstock
Market News and Data brought to you by Benzinga APIs
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.
Sign up here.
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
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Index Dow Jones -0,34 % na 53791,91 b. S&P 500 -0,32 % na 7728,11 b. Nasdaq Composite -0,6 % na 26445,45 b.
Wall Street úterní seanci uzavřela poklesem, protože investoři začali pohlížet pesimističtěji na možnou dohodu, která by měla přinést stabilitu na Blízký východ. Výsledkem byly poklesy hodnot indexů. Index S&P klesl o 0,32% a uzavřel na hodnotě 7 728 bodů, index Nasdaq o 0,60 %, na hodnotu 26 445. Index Dow Jones Industrial Average klesl o 0,34 %, na 53 791 bodů.
Opět rostoucí ceny ropy a nejistý vývoj ohledně ukončení války vyvolaly očekávání ohledně středeční zprávy o indexu spotřebitelských cen. Po páteční zprávě o zaměstnanosti, která byla slabší, než se očekávalo, se očekávání přesunulo směrem k zářijovému zvýšení úrokových sazeb FEDem. Zároveň nové snahy společností Intel , Nvidia a jim podobných o získání finančních prostředků opět přitahují pozornost k kapitálově náročnému rozvoji umělé inteligence. Velké technologické společnosti vykázaly ztráty; akcie společností Alphabet, Apple a Amazon oslabily o 1 – 3,6 %. Ještě se čeká na výsledky společnosti CoreWeave působící v oblasti cloud computingu a výrobce serverů pro umělou inteligenci Super Micro Computer, které budou dnes zveřejněny po uzavření burzy, poskytnou přehled o stavu odvětví hardwaru pro umělou inteligenci.
Ropa posílila o 1,68 %, Zlato zůstalo poblíž své včerejší hodnoty a Bitcoin oslabil o 0,81 %
Index S&P 500 -0,32 % na 7728,11 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Utility +1,1 % Komunikační služby -2,1 % Energie +1,1 % Reality -0,9 % Průmysl +0,6 % Zbytná spotřeba -0,8 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna KKR (KKR) +6,9 % AppLovin Corp (APP) -6,0 % Axon Enterprise (AXON) +6,7 % Ventas (VTR) -5,4 % Apollo Global Management (APO) +6,3 % Datadog (DDOG) -5,4 % Jabil (JBL) +5,9 % Honeywell International (HON) -5,3 % Marathon Petroleum Corp (MPC) +5,0 % Ferguson Enterprises (FERG) -4,7 %
David Rojko-Kovačík
Fio banka, a.s.
Prohlášení
Wall Street has spent the past two years pouring money into anything with “AI” stamped on the label, and the bill for that enthusiasm keeps climbing. Data center buildout costs are now measured in the hundreds of billions annually, and hyperscalers have leaned on their own balance sheets to keep pace. That approach has limits.
Even Microsoft (NASDAQ:MSFT | MSFT Price Prediction), Meta Platforms (NASDAQ:META), and Amazon (NASDAQ:AMZN) can’t fund a global compute buildout entirely with free cash flow, which is why the financing structures underneath AI infrastructure have started shifting toward the same institutional capital that built America’s highways and power grids.
Nvidia (NASDAQ:NVDA) just gave that shift its biggest push yet. Yesterday, the company announced memoranda of understanding with Apollo (NYSE:APO), BlackRock (NYSE:BLK), Blackstone (NYSE:BX), Brookfield (NYSE:BN), Goldman Sachs (NYSE:GS), and KKR (NYSE:KKR) to mobilize over $500 billion in third-party capital for AI infrastructure. It’s a landmark deal. It’s also one investors should read closely before assuming it de-risks the AI trade.
A New Asset Class, Old Vendor-Financing Habits Huang’s pitch is that Nvidia compute has become an investable asset class, comparable to real estate, toll roads, or power grids — infrastructure institutional capital is familiar with underwriting. The new “compute financing platforms” are designed to fund data centers and chip deployments for Nvidia’s customers, including frontier AI labs, enterprises, and cloud providers, at what the company calls attractive rates.
The detail that matters most is Nvidia retains the option to backstop up to roughly 25% of the financing, or about $125 billion. That’s not a passive bystander role. The stock declined about 3% following the announcement, a signal that the market isn’t fully buying the “independent underwriting” framing.
That skepticism has merit. Capital raised through these platforms flows toward customers acquiring more Nvidia hardware, which means Nvidia benefits twice — once through chip and software sales, and again through deeper CUDA ecosystem lock-in. The company has already faced scrutiny over equity stakes and guarantees extended to major buyers, including prior data-center financing arrangements. Layering a $125 billion backstop on top of that pattern creates correlated exposure: if the underlying AI projects underperform, Nvidia risks losing both the demand and the capital it pledged to protect.
Asset Type Typical Useful Economic Life Financing Tenor Fit Toll roads / power grids 30–50+ years Long-duration debt, well-matched Commercial real estate 30–40 years Long-duration debt, well-matched Data center GPUs (Nvidia-class) 3–5 years before meaningful obsolescence Mismatched against infrastructure-style tenors Each new architecture generation — Nvidia has cycled through Hopper, Blackwell, and now Rubin in a matter of years — compresses the resale and collateral value of the prior fleet. Infrastructure lenders typically underwrite against decades of predictable cash flow. GPUs offer a fraction of that runway. If AI utilization or pricing power softens, collateral values erode fast, leaving lenders — and Nvidia, through its backstop — exposed to losses that a toll road never generates.
Significant Uncertainty Remains Granted, these are MOUs, not signed, funded deals. The $500 billion figure is a multiyear target, not committed capital sitting in an account today. Execution risk is also real: permitting, power availability, and the pace at which these six firms — with a combined balance sheet north of $3 trillion in assets under management between Blackstone, Brookfield, Apollo, and KKR alone — actually deploy capital will determine whether this reshapes AI financing or just headlines a press release.
The broader concern is amplification. Much of the AI ecosystem’s end demand isn’t yet generating cash flow that matches the capital being committed. Stacking leverage onto that gap doesn’t create revenue; it just raises the stakes if growth disappoints.
Key Takeaway In short, Nvidia’s $500 billion consortium is a genuine vote of confidence from six of the world’s largest capital allocators, and it does reduce Nvidia’s own balance-sheet burden. But the vendor-financing dynamic and the mismatch between GPU depreciation and infrastructure-style lending are real structural risks, not just headline skepticism.
Investors should treat this as a demand signal worth watching, not proof that AI compute has become as safe as a toll road. Keep an eye on utilization rates and how much of that $125 billion backstop Nvidia actually has to use — that number will tell you more than the $500 billion headline ever will.
Contact [email protected] for any questions or corrections.
KKR-backed LEAP India's $260 million initial public offering was fully subscribed by midday on the final day of bidding on Tuesday, led by non-institutional investors.
Bonnie Stewart, a longtime ISC employee, shortly after finding out about her payout. KKR In his 12 years on the job, Justin Berk, a 44-year-old product manager at an insurance-tech company, had seen his employer get bought and sold twice. All he had received in return was a "pat on the back" at a company meeting.
"A pat on the back is nice, but it doesn't pay the bills," he said.
When KKR sold his company, Integrated Specialty Coverages, to Onex Partners, the company meeting was much more significant: Berk received 30 months of his salary as a cash bonus as part of a KKR initiative to share its private equity profits with workers at its portfolio companies.
Berk and other long-tenured employees, like Bonnie Stewart, the director of operations for ISC subsidiary Gaslamp Insurance Services, received 30 months of their salaries. The payouts were announced at a September 18 meeting in San Diego's iconic Hotel Del Coronado, following a Champagne toast in celebration of the sale, in which KKR said it delivered a 2.5 return.
Stewart said that if she could "bottle up the feeling" of receiving that windfall, she "wouldn't sell it." The change in mindset that came with the program, starting at the foundational level of renaming "employees" as "owners," and the hard work that led to the profitable sale, were worth even more.
"I don't think Travis Kelce would sell the feeling of winning a Super Bowl," Stewart said. "He earned that. His team earned that."
ISC employees celebrate their payout at the Hotel Del Coronado. KKR In total, KKR paid nearly 400 ISC employees between 3 and 30 months of their salary after closing the sale. Payouts were based on when workers joined the company, and ranged from a minimum of $10,000 to a maximum payout of more than $413,000. The average payout for workers who joined in 2025 was $24,500.
It is part of a KKR initiative that's helped profit-sharing gain steam across the industry. KKR has exited 15 of the 91 companies it has programs with, delivering $2 billion to more than 40,000 employees.
These employees don't receive actual shares when KKR buys a company; instead, a portion of the company's equity is earmarked for them. Their potential payout, just like KKR's, is based on the return it gets on that initial investment.
We spoke to three ISC employees, who told us that the money was life-changing, allowing two to save up for a down payment in a pricey Southern California housing market.
Justin Berk and his wife went on vacation in Laguna Beach shortly after his big payday. Justin Berk Berk took his two daughters, 12 and 10, to Maui, Hawaii, for the first time last year, a vacation that wasn't possible before. He's also no longer wincing at fees for club sports.
"It's easier now to say yes to more meaningful family choices," Berk said.
The cashPayouts were made when the deal closed on November 24 of last year, and were based on the employee's current salary and tenure at the company.
Stewart, who started at the company 19 years ago, was among the employees who received the highest monthly payout. She has two younger kids and said the money is "very impactful" on her family, allowing her to think about creating wealth for her children. It's expensive to live in Southern California, and it can be hard to save.
"It gave us that new opportunity to look at investments that we might not necessarily know of before," Stewart said. KKR provided free financial advisors to employee owners as part of the deal. Stewart and her colleagues even asked executives how they managed their money to learn how to handle their coming windfall.
Year they joined ISCPayout2025Greater of 3 months or $10,0002024Greater of 6 months or $25,0002023Greater of 9 months or $35,0002022Greater of 12 months or $45,000Sept 2015 - 2021Greater of 15 months or $70,000Before September 2015 (More than 10 years of tenure)Greater of 30 months or $115,000Trevor Sybert, a 49-year-old underwriter who joined the company in 2020, had scheduled a work trip to South Carolina, so he watched the meeting over Zoom in an airport alongside another executive. He was "bummed" to miss the event live, but most importantly, he was going to get 15 months' pay.
Right now, he said, the money is sitting in a high-yield savings account, but he plans to use it as a down payment on a condo, as he and his wife divorced and sold their house.
Trevor Sybert is saving up for a down payment on a condo. Trevor Sybert He's feeling real "financial freedom," he said, and plans to be conservative with his spending. Sybert said his financial advisor also helped him set up his financial future following his divorce. The first step was growing the size of his emergency fund.
For Berk, the money means that he can do more things with his family. But most importantly, it means that his family can have a home of their own.
"Saving up for a down payment out here is almost impossible unless you're an executive at a company," Berk said. "Now, I have a nice cushion that will become a down payment on a house."
The changeWhen KKR bought the company in 2021, Sybert instantly saw the appeal of the ownership program: "We are going to make some money if the business does well," he said.
Sybert said he learned more about business than ever before — "This is the first time I've ever heard of EBITDA," he said — attending quarterly owners' meetings that got deep into the details on ISC's performance.
KKR has built and iterated on an in-house playbook for these investments, which it has now helped export to other industry leaders, such as Apollo, through the nonprofit Ownership Works. Blackstone, which is not part of the initiative but has made its own employee-ownership pledge, recently took a company with an employee-ownership plan, Jersey Mike's, public for the first time.
At the beginning, the workers, redubbed "owners" as part of KKR's initiative, were given a crash course in valuation, the company's business plan, and how it gets its revenue. Each quarter, company leaders would walk through the company's projected valuation and give a performance scorecard.
Information became increasingly transparent throughout the process, said Berk, with many employees gaining direct access to business intelligence dashboards to understand the gritty details of the business.
But it's the behavior that information fostered that really made the difference.
"When you own a piece of it, you're not just clocking out and saying, 'Well, I'm done for the day,'" Berk said. "You might stick around a little later, do a little extra, make that extra trip to the broker. You're owed a little piece of the pie, so you're going to take better care of it."
It also meant that employees who weren't willing to adopt the mindset left over time, Berk said, while the rest stayed. He said his team had only lost one member in three years.
The company created the Bright Ideas club, a place for workers to pitch potential big-picture changes at the company, as well as a Founders Club, which highlighted the top five employee-owners each year.
ISC employees celebrate their payouts at the iconic Hotel Del Coronado. ISC For Stewart, who had started as a receptionist before rising to her current role managing roughly 20 employees, the switch from employer to "owner" was natural. She said she noticed a change in how her team would come in with new ideas to solve problems. Her fellow owners were "thinking outside of the box," she said.
"In retrospect, we grew a lot, and for the best," she said.
Over the years, it also became apparent that the company was edging closer to a sale, with metrics improving at each quarterly meeting.
Stewart found out about an event invite two days before the event. All signs pointed to good news, but "I did not want to say it out loud," Stewart said. But as she saw balloons lining the entrance way and cameras and light set-ups, she could sigh a deep breath.
Read next
Alex Nicoll You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
Alex is a reporter at Business Insider writing about private equity, alternative asset management, and the impact of these growing sectors on the wider world.Previously, he covered real estate and real estate technology for Business Insider. Some previous highlights include his coverage of the real reason Zillow Offers closed, remote work surveillance at a real estate data giant and a real estate's scion new cryptocurrency that's backed by gold he says is buried near Las Vegas.Before joining Business Insider in 2019, he worked for Bridgewater Associates and Peloton. He is also the secretary of the Insider Union.He welcomes any and all reachouts, prioritizes his source's safety, and has a long record of working with confidential sources to tell deeply reported, complicated stories.Get in touch! Contact this reporter via encrypted messaging app Signal at @alexnicoll.01 using a non-work phone, email at [email protected] or [email protected], or Twitter DM at @nicollsanddimes. (PR pitches by email only, please.)
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.
Jumpstart your morning with the latest legal news delivered straight to your inbox from The Daily Docket newsletter. Sign up here.
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
Our Standards: The Thomson Reuters Trust Principles., opens new tab
NEW YORK & LONDON--(BUSINESS WIRE)--KKR, a leading global investment firm, today announced the final closing of KKR Global Infrastructure Investors V (“Fund V” or the “Fund”), a $19.2 billion Core+ fund focused on investing in critical infrastructure assets and businesses primarily in North America and Western Europe. Fund V, the fifth vintage in KKR's Global Infrastructure Strategy, is KKR's largest infrastructure fund raised to date. Fund V contributes to approximately $45 billion raised acro.
PARIS & LONDON--(BUSINESS WIRE)--In line with its renewables business model, TotalEnergies has signed an agreement with an insurance account managed by KKR, a global leading investment firm, for the sale of a 50% stake in an already largely developed 1.2 GW onshore solar and wind asset portfolio in Europe. The portfolio's enterprise value amounts to €1.8 billion. The transaction covers a portfolio of assets in Germany, Spain, France and Poland. The electricity produced by these assets is alread.
LONDON--(BUSINESS WIRE)--KKR and Mirastar, KKR Real Estate's industrial and logistics platform in Europe, have announced the acquisition of a portfolio of four prime UK logistics assets from PLP for approximately £170 million, totalling 1.25 million square feet. The portfolio comprises assets in Stafford, Crewe, Ellesmere Port and Wakefield, all located within established logistics markets across the West Midlands, the North West and Yorkshire. The assets provide best-in-class specifications co.
Key Takeaways KKR reported Q2 adjusted net income per share of $1.63, beating estimates as shares gained nearly 1%.Total AUM increased 16.1% y/y to $796.5 billion, while fee-paying AUM rose 14.8%.Total segment revenues climbed 34.4% y/y, while segment expenses increased 28.9%. KKR & Co. Inc. (KKR - Free Report) reported second-quarter 2026 adjusted net income per share of $1.63, surpassing the Zacks Consensus Estimate of $1.42. The bottom line rose from $1.18 in the prior-year quarter.
KKR shares have risen nearly 1% in early trading on better-than-expected results. A full day's trading session will provide a clearer picture.
Results have primarily reflected impressive growth in assets under management (AUM) and transaction fees for the capital markets business. However, an increase in expenses acted as a headwind.
The results include certain non-recurring items. After considering those, net income attributable to the company’s common stockholders (GAAP basis) was $660.1 million, up from $472.4 million in the year-ago quarter.
KKR’s Segmental Revenues & Expenses IncreaseTotal segment revenues amounted to $1.73 billion, increasing 34.4% on a year-over-year basis. The top line surpassed the Zacks Consensus Estimate of $1.52 billion.
Total segment expenses increased 28.9% year over year to $511.8 million.
As of June 30, 2026, total AUM grew 16.1% year over year to $796.5 billion. Fee-paying AUM summed $638.4 billion, which increased 14.8% from the year-ago quarter.
KKR’s Total Operating Earnings & Fee-Related Earnings RiseTotal operating earnings grew 28.9% year over year to $1.54 billion.
The company posted fee-related earnings of $1.21 billion, up 36.9% year over year.
Our Viewpoint on KKRThe company will likely continue utilizing lucrative investment opportunities on the back of its efficient fundraising capabilities in the quarters ahead. Significant growth in AUM, fee-related earnings and total operating earnings are aiding its financials.
In May 2026, the company completed its acquisition of Arctos Partners, which had $20 billion in AUM as of June 30, 2026. The acquisition is expected to strengthen KKR’s Private Equity business and expand its capabilities in professional sports franchise investing and asset management solutions for sponsors. However, rising fee-related compensation and other operating expenses are likely to keep the expense base elevated. The current tough operating environment is another concern.
Currently, KKR carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performances of Other Asset ManagersBlackRock’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 assets under management balance witnessed robust year-over-year growth, driven by net inflows. 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.
For the quarter ended June 2026, KKR & Co. Inc. (KKR - Free Report) reported revenue of $1.73 billion, up 34.4% over the same period last year. EPS came in at $1.63, compared to $1.18 in the year-ago quarter.
The reported revenue represents a surprise of +13.47% over the Zacks Consensus Estimate of $1.52 billion. With the consensus EPS estimate being $1.42, the EPS surprise was +14.79%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how KKR & Co. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Assets Under Management - New Capital Raised: $34.33 billion versus $28.97 billion estimated by three analysts on average.Private Equity - Assets Under Management: $254.74 billion compared to the $237.25 billion average estimate based on three analysts.Fee Paying Assets Under Management: $638.4 billion compared to the $636.45 billion average estimate based on three analysts.Real Assets Segment- Ending AUM - Fee-paying AUM: $175.3 billion compared to the $174.18 billion average estimate based on three analysts.Fee Related Earnings- Management Fees: $1.25 billion versus $1.17 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +25.5% change.Credit and Liquid Strategies- Ending AUM - Fee-paying AUM: $294.97 billion versus $301.17 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +11.5% change.Revenues- Fee Related Earnings: $1.21 billion versus $1.06 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +36.9% change.Private Equity- Management Fees: $491.26 million versus $444.28 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +32% change.Net Transaction and Monitoring Fees: $221.27 million versus the three-analyst average estimate of $251.19 million. The reported number represents a year-over-year change of -5.5%.Credit and Liquid Strategies- Segment-AUM- end of period: $330.83 billion versus the three-analyst average estimate of $338.48 billion. The reported number represents a year-over-year change of +13.4%.Credit and Liquid Strategies- Realized Performance Income: $16.8 million compared to the $114.92 million average estimate based on three analysts. The reported number represents a change of -53.3% year over year.Credit and Liquid Strategies- Total Fee Related Revenue: $348.62 million compared to the $381.86 million average estimate based on three analysts. The reported number represents a change of +3.8% year over year.View all Key Company Metrics for KKR & Co. here>>>
Shares of KKR & Co. have returned +7.3% over the past month versus the Zacks S&P 500 composite's -1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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.
NEW YORK--(BUSINESS WIRE)--KKR & Co. Inc. (NYSE: KKR) today reported its second quarter 2026 results, which have been posted to the Investor Center section of KKR's website at https://ir.kkr.com/events-presentations/. A conference call to discuss KKR's financial results will be held today, Thursday, July 30, 2026 at 9:00 a.m. ET. The conference call may be accessed by dialing (877) 407-0312 (U.S. callers) or +1 (201) 389-0899 (non-U.S. callers); a pass code is not required. Additionally, th.
KKR posted a higher profit and revenue in the second quarter, buoyed by higher management fees and fundraising along with strong asset inflows across its asset management and insurance segments.
NEW YORK--(BUSINESS WIRE)--Global Atlantic, a leading provider of retirement security and investment solutions and a wholly-owned subsidiary of KKR, announced its inclusion in Barron's annual 100 Best Annuities guide, marking the firm's fifth consecutive year of recognition. This year's rankings reflect the strength of Global Atlantic's product lineup and continued focus on delivering innovative retirement products designed to meet the evolving needs of today's investors. “We are honored to be.
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.
A SPECIAL WELCOME GIFT FROM ZACKS.COM Zacks' 7 Strongest Buys for August, 2026 See our "best of the best" short-term stocks. Hand-picked from 220 new Strong Buys, they could be the most profitable stocks you own over the next 90 days. Recent picks have climbed as much as +97.3% within 30 days. Our new recommendations may soar just as high.
A SPECIAL WELCOME GIFT FROM ZACKS.COM Zacks' 7 Strongest Buys for August, 2026 See our "best of the best" short-term stocks. Hand-picked from 220 new Strong Buys, they could be the most profitable stocks you own over the next 90 days. Recent picks have climbed as much as +97.3% within 30 days. Our new recommendations may soar just as high. Today's market dip makes now an ideal time to get in.
Mag 7 Earnings Preview: Did GOOGL's Results Raise Stakes? The market reaction to Alphabet's Q2 results has significantly raised the bar for its Magnificent Seven peers that are on deck to report results this week, namely Microsoft and Meta Platforms on Wednesday, July 29th, and Apple and Amazon on Thursday, July 30th.
loading...
Zacks Private Picks Click for the easiest, most affordable way to get the 'Best of Our Best.
Click for the easiest, most affordable way to get the 'Best of Our Best.
The Best of Both Worlds: Healthcare's Rare Blend of Defense and AI Upside It's hard to believe that AI names can also be defensive in today's market, but that's what healthcare offers during the "great rotation." Bryan Hayes explains how investors can find quality at a reasonable price under the AI theme.
It's hard to believe that AI names can also be defensive in today's market, but that's what healthcare offers during the "great rotation." Bryan Hayes explains how investors can find quality at a reasonable price under the AI theme.
How Many Stocks Should You Own? Three stocks or one hundred? Which are you? Plus 3 stocks with low PEG ratios. Tracey Ryniec sorts through the questions in the latest Zacks Value Trader podcast.
Three stocks or one hundred? Which are you? Plus 3 stocks with low PEG ratios. Tracey Ryniec sorts through the questions in the latest Zacks Value Trader podcast.
Forget AI Chips and Mag 7: Buy AI Infrastructure Stocks Now Investors aiming to buy into the artificial intelligence boom driving the economy and Wall Street for the foreseeable future might want to consider best-in-class, AI-boosted infrastructure stocks.
Investors aiming to buy into the artificial intelligence boom driving the economy and Wall Street for the foreseeable future might want to consider best-in-class, AI-boosted infrastructure stocks.
Top Research Reports for Intel, Dell & Progressive Intel's AI infrastructure push, Dell's AI server boom and Progressive's premium growth highlight the latest top research reports and key opportunities.
Intel's AI infrastructure push, Dell's AI server boom and Progressive's premium growth highlight the latest top research reports and key opportunities.
Mag-7 Suffers Biggest Rout Since April 2025: ETFs to Buy The Mag-7 erased nearly $800 billion in value as AI spending worries resurfaced. Here are the ETF themes that could benefit from the shift.
The Mag-7 erased nearly $800 billion in value as AI spending worries resurfaced. Here are the ETF themes that could benefit from the shift.
Q2 Earnings: Guidance Upgrades Push These 3 Stocks Higher Companies raising guidance, particularly on the earnings front, always deserve some level of attention from investors. Recently, JNJ, GM, and ABT have all raised their outlooks.
Companies raising guidance, particularly on the earnings front, always deserve some level of attention from investors. Recently, JNJ, GM, and ABT have all raised their outlooks.
›
‹
Featured Zacks Rank Stocks Learn to Profit from the Zacks Rank
#1 Rank Bull of the Day Corsair Gaming (CRSR) This stock is leveling up on AI infrastructure.
#5 Rank Bear of the Day AngloGold Ashanti (AU) When the metal turns, so does the mining trade.
Zacks #1 Rank Top Movers for Jul 27, 2026 Zacks #1 Rank Top Movers Zacks #1 Rank Top Movers for 07/27/26 Value Growth Momentum VGM Income Company Symbol Price %Chg Ono Pharmac... OPHLF 14.61 +9.19% Signet Jewe... SIG 95.85 +5.00% AMC Enterta... AMC 2.38 +4.85% Yamaha Moto... YMHAY 16.22 +4.48% Trupanion TRUP 24.92 +3.88% Zacks #1 Rank Top Movers7/16 The Zacks #1 Rank List is the best place to start your stock search each morning. It's made up of the top 5% of stocks with the most potential. Each weekday, you can quickly see the Zacks #1 Rank Top Movers from Value to Growth, Momentum and Income, even VGM Score.
Go to Zacks Rank #1 Top Movers
Full Zacks #1 Rank List8/16 You can see the full Zacks #1 Rank List or narrow it down to Zacks #1 Rank Stocks with a Value, Growth, Momentum or Income Style Score of A or B. Plus, you can see the Zacks #1 Rank Stocks with a VGM of A or B. You can also sort the list with criteria you choose, view Additions and Deletions by day, and Performance.
Upcoming Earnings ESP View More Symbol ESP Most Accurate Estimate Consensus Estimate AAPL 2.46% 1.93 1.88 AMZN 0.30% 1.82 1.81 V 0.12% 3.23 3.23 NUE 0.16% 4.58 4.57 Featured Stock Picks
Best Nuclear Energy Stocks to Buy for July 2026 Nuclear energy is back in the spotlight as governments and corporations look for reliable, low-carbon power. Here are our top nuclear energy stock picks.
Best Utility Stocks to Buy for July 2026 Utility stocks have long served as a cornerstone for investors seeking income. Here are the best utility stocks to buy today.
Best Pharmaceutical Stocks to Buy for July 2026 The pharmaceutical industry continues to grow thanks to an aging population and rising demand for new treatments. Which pharma stocks are best?
Best EPS Stocks to Buy in July 2026 Here are the best stocks to buy now with a high EPS success rate.
Best Crypto Stocks to Buy for July 2026 Here are our picks for the best publicly traded companies in the cryptocurrency business.
SummaryKKR is rated a cautious Buy at ~$95.53, with a fair value estimate of ~$107, reflecting discounted expectations for realized earnings.Valuation already prices in delayed realizations and private-credit concerns but does not fully account for robust recurring earnings growth from management fees, insurance, and infrastructure.Q2's critical test is sustained growth in recurring earnings—management fees, FRE, insurance, and Strategic Holdings—rather than volatile quarterly adjusted net income from investment realizations.Risks include persistent realization delays, slowing recurring growth, and sector-specific headwinds; continued share repurchases near current levels signal management’s confidence. Guido Mieth/DigitalVision via Getty Images
KKR & Co. Inc. (KKR) will report its second-quarter results before the market opens on July 30. Shares are currently down nearly 40% from their 52-week highs. The decline came from concerns around private-credit markets, wealthy
457 Followers
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
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.
NEW YORK--(BUSINESS WIRE)--KKR, a leading global investment firm, today announced the appointment of Roy Gori, former President and Chief Executive Officer of Manulife, as a Senior Advisor to the firm. Mr. Gori, an accomplished leader in the global insurance and financial services industry, will advise KKR on strategic opportunities across global financial services and insurance with a focus on Asia Pacific and international markets. He will provide strategic counsel across insurance, wealth ma.
