Beauty brand Coty has named Markus Strobel as executive chairman of the board and interim CEO. The appointment will take effect on 1 January 2026. Strobel arrives at Coty after more than three decades at Procter & Gamble (P&G), where he most recently headed the company’s global skin and personal care division as president. Over his 33-year tenure, he held a series of senior posts across beauty & grooming, spanning fine fragrance, hair care and grooming. At P&G, Strobel oversaw category and organisatio ...

Core Insights - Coty has agreed to sell its remaining 25.8% stake in Wella to KKR for an upfront cash payment of $750 million, completing its divestment plan initiated in 2020 [1] - The transaction is expected to enhance Coty's financial position by lowering its net leverage to around 3x by the end of CY25, with a long-term goal of achieving a leverage ratio of 2.0x [2][3] - Coty plans to use the majority of the cash proceeds to reduce both short- and long-term debt, alongside anticipated free cash flow of over $350 million in the first half of FY26 [3] Financial Performance and Strategy - Coty anticipates additional cash inflows from the Wella transaction, which could bring total gross returns closer to the book value of its investment [2] - The strategic partnership with KKR has been beneficial, allowing Coty to capitalize on Wella's growth and strengthen its financial foundations [4] Business Review - In October, Coty initiated a strategic review of its consumer beauty segment, focusing on its $1.2 billion mass color cosmetics business and its Brazilian operations generating close to $400 million in revenue [5]

Core Viewpoint - Green Mobility Partners (GMP) and KKR have formed a strategic partnership to establish a leading European rail leasing platform aimed at addressing the increasing demand for sustainable rail infrastructure in Europe [1] Company Overview - GMP is a Vienna-based electric locomotive leasing company that supplies electric locomotives to both freight and passenger rail operators throughout Continental Europe [1] - The company is focused on supporting the rail sector's transition towards electrification [1] Industry Context - There is a growing demand for sustainable rail infrastructure across Europe, which is driving the need for electric locomotives [1] - The partnership between GMP and KKR is positioned to capitalize on this trend by creating a robust leasing platform [1]

美国私募信贷市场——这一曾被华尔街鼓吹为个人投资者"避风港"和稳定收益来源的万亿级领域，正面 临着基本面恶化与信心崩塌的双重冲击，由此引发的资产重估正在刺破行业的繁荣泡沫。 作为这一危机的最新注脚，私募信贷巨头Blue Owl Capital近日因风险考量，退出了为甲骨文一项价值 100亿美元的AI数据中心项目提供融资的谈判，这一消息迅速引发了市场对大规模基础设施融资链条断 裂的恐慌。该事件不仅暴露了信贷市场对科技巨头激进资本支出的态度已发生根本性逆转，更直接导致 甲骨文股价承压，其主要合作伙伴及整体科技板块随之波动。 这一融资受阻事件并非孤例，而是整个私募信贷行业风险蔓延的缩影。随着违约率上升和高利率环境下 的借款人压力显现，包括KKR、贝莱德在内的顶级资产管理公司旗下面对个人投资者的商业发展公司 （BDC）正遭遇股价暴跌、坏账激增和赎回压力的多重围剿。 这场风波对整个规模超过2万亿美元的私募信贷行业构成考验。该行业此前主要面向大型机构投资者和 富裕个人，但BDC的困境显示，当个人投资者——他们往往在错误时机退出——进入这一市场时，可 能面临何等代价。 此外，摩根大通首席执行官Jamie Dimon警告称" ...

Data center operators are fixated on the “five nines” — an expectation that they’ll keep the infrastructure behind financial markets, e-commerce and artificial intelligence running 99.999% of the time.So as news rippled out last month that a CyrusOne facility in Aurora, Illinois, that handles trillions of dollars in trading volume each day went down for 10 hours, industry insiders were stunned. To them, it was an eternity, and the failure at the data center outside Chicago is a black eye for CyrusOne’s back ...

全球美妆巨头科蒂集团（Coty ）周五宣布，已将其在护发品牌威娜（Wella）剩余的25.8%股份作价7.5 亿美元售予私募股权巨头KKR集团。 科蒂表示，其将有权从威娜品牌的进一步出售或首次公开募股所带来的任何收益中获得45%的分成。 责任编辑：于健 SF069 全球美妆巨头科蒂集团（Coty ）周五宣布，已将其在护发品牌威娜（Wella）剩余的25.8%股份作价7.5 亿美元售予私募股权巨头KKR集团。 科蒂表示，其将有权从威娜品牌的进一步出售或首次公开募股所带来的任何收益中获得45%的分成。 责任编辑：于健 SF069 ...

Group 1 - Coty has sold its remaining 25.8% stake in Wella to KKR for $750 million [1]

The latest 13F filing from Steve Mandel’s Lone Pine Capital reveals a series of meaningful portfolio adjustments, concentrated among large-cap technology, consumer platforms, and financial services. While the fund maintained its characteristic focus on high-quality growth franchises, several significant trims and selective additions suggest a more risk-balanced stance heading into year-end. Here are some of the largest position moves.Meta Platforms Inc. (META): –342,757 shares (–20.59%)Lone Pine reduced its ...

Valued at a market cap of $120.2 billion, KKR & Co. Inc. (KKR) is a global alternative investment firm based in New York. It specializes in private equity, credit, real assets, infrastructure, and insurance solutions. Companies worth $10 billion or more are typically classified as “large-cap stocks,” and KKR fits the label perfectly, with its market cap exceeding this threshold, underscoring its size, influence, and dominance within the asset management industry. The company leverages deep industry expert ...

Japan's Mizuho Securities on Wednesday said it will buy a majority stake in Indian investment bank Avendus from U.S. investment firm KKR for up to 81 billion yen ($523 million). ...