Core Viewpoint - A consortium led by KKR and Singtel is acquiring the remaining 82% stake in ST Telemedia Global Data Centres (STT GDC) for S$6.6 billion ($5.1 billion), valuing the company at an enterprise value of approximately S$13.8 billion ($10.9 billion) [1][2] Group 1: Acquisition Details - The acquisition will result in KKR holding a 75% stake and Singtel owning 25% of STT GDC, following the conversion of existing redeemable preference shares [2] - The transaction follows an initial investment in 2024, where KKR and Singtel contributed S$1.75 billion through preference shares and warrants, marking Southeast Asia's largest digital infrastructure investment at that time [2] Group 2: Strategic Implications - KKR's co-head David Luboff emphasized the opportunity to support a high-quality platform and deepen the strategic partnership with Singtel, aiming to leverage KKR's global network and expertise in digital infrastructure for STT GDC's growth [3] - Singtel's CFO Arthur Lang stated that the acquisition is a significant step towards scaling their digital infrastructure growth engine as outlined in the Singtel28 growth plan, while maintaining capital allocation discipline [4] Group 3: Company Operations and Market Position - STT GDC, founded in 2014 and headquartered in Singapore, operates in 12 major markets across Asia Pacific, the UK, and Europe, with a total design capacity of 2.3GW [4] - The company provides colocation, connectivity, and support services for clients managing AI and cloud workloads that require substantial data processing resources [5] - STT GDC's president and CEO Bruno Lopez noted that the expanded investment from KKR and Singtel reflects confidence in the company's business quality and growth trajectory, aiming to enhance infrastructure for the digital economy [5] Group 4: Future Growth Potential - The consortium's combined expertise, regional networks, and financial strength position STT GDC to scale rapidly and capture significant growth in cloud and AI demand [6] - The completion of the acquisition is subject to regulatory approvals and standard closing conditions [6]

Core Insights - KKR and Singapore Telecommunications are acquiring the remaining 82% stake in ST Telemedia Global Data Centres for S$6.6 billion ($5.1 billion), valuing the enterprise at S$13.8 billion, amid rising demand for data centers driven by artificial intelligence [1][2] - Post-acquisition, KKR will hold a 75% stake in STT GDC, while Singtel will retain 25%, marking KKR's largest infrastructure investment in Asia Pacific [2] - The global data center market saw over $61 billion in investments last year, reflecting a growing need for infrastructure to support AI workloads [3] Company Insights - STT GDC, founded in 2014 and headquartered in Singapore, operates data centers across 12 markets in Asia Pacific, the UK, and Europe, with a design capacity of 2.3 gigawatts [5] - The company provides colocation, connectivity, and support services to hyperscalers and enterprise customers, enhancing Singtel's position in the global data center market [5] - KKR's investment is seen as a strategic move to capitalize on the long-term growth potential of digital infrastructure, as highlighted by KKR's co-head of Asia Pacific [4]

Core Viewpoint - A consortium led by KKR and Singapore Telecommunications is acquiring full control of ST Telemedia Global Data Centres for S$6.6 billion ($5.2 billion), highlighting the increasing demand for AI capacity and cloud services [1][2]. Group 1: Transaction Details - The deal represents the largest transaction in Singapore in four years and the biggest data centre deal in Southeast Asia, indicating a significant growth in computing capacity needs [2]. - The implied enterprise value of STT GDC is S$13.8 billion based on the acquisition price for the 82% stake not already owned by the consortium [1][3]. - The KKR-led consortium will acquire the remaining 82% stake from ST Telemedia, with KKR and Singtel holding 75% and 25% respectively post-transaction [4]. Group 2: Company and Market Impact - STT GDC, founded in 2014, has a design capacity of approximately 2.3 gigawatts across 12 major markets in the Asia Pacific, UK, and Europe, providing essential data centre services [3]. - The acquisition aligns with Singtel's strategy to enhance its digital infrastructure, positioning it as one of the largest data centre operators in Asia [5]. - Analysts suggest that Singtel's long-standing operational experience and infrastructure capabilities will enable it to capitalize on larger multi-market opportunities in the data centre sector [6].

Core Viewpoint - A consortium led by KKR and Singapore Telecommunications is acquiring the remaining 82% stake in ST Telemedia Global Data Centres for S$6.6 billion (approximately $5.2 billion), indicating a significant investment in the data center sector in Singapore [1] Group 1: Acquisition Details - The total cash payment for the acquisition is S$6.6 billion, which translates to $5.2 billion [1] - The acquisition will result in the consortium owning 100% of ST Telemedia Global Data Centres [1] Group 2: Valuation and Market Impact - The deal values ST Telemedia Global Data Centres at a substantial amount, reflecting the growing demand for data center services in the region [1] - This acquisition is part of a broader trend of increasing investments in digital infrastructure, particularly in Asia [1]

Group 1 - A consortium including Singapore telecommunications company Singtel is set to acquire a stake in ST Telemedia Global Data Centres that is not already owned by them [1]

Group 1 - A KKR-led consortium, including Singtel Group, is set to fully acquire ST Telemedia Global Data Centres at an enterprise value of S$13.8 billion [1] - The acquisition reflects a strategic move to enhance the data center capabilities in the Asia-Pacific region [1] - This deal signifies a growing trend of investment in digital infrastructure, particularly in data centers, driven by increasing demand for cloud services [1] Group 2 - The enterprise value of S$13.8 billion indicates a significant valuation for ST Telemedia Global Data Centres, highlighting its importance in the market [1] - The partnership between KKR and Singtel Group aims to leverage their combined expertise to drive growth in the data center sector [1] - This acquisition is expected to facilitate further expansion and innovation in data center services, catering to the rising needs of businesses in the digital economy [1]

Investment firm KKR is preparing OPI nail polish owner Wella Company for an initial public offering in the U.S. as soon as this year that could value the global beauty company at meaningfully more tha... ...

Core Insights - KKR & Co. Inc. is expected to report a decrease in earnings for the fourth quarter of 2025, while revenues are projected to increase [1][3][8] Earnings & Sales Estimates - The Zacks Consensus Estimate for fourth-quarter 2025 earnings is $1.21 per share, reflecting an 8.3% decrease year-over-year [3] - The consensus estimate for sales in the same quarter is $1.44 billion, indicating a 15.1% year-over-year increase [3] - For the full year 2025, earnings are estimated at $4.95 per share, a 5.3% increase from the previous year, while sales are projected at $5.39 billion, reflecting a 13.1% year-over-year increase [4] Recent Developments - In January 2026, KKR divested several business units of Janney Montgomery Scott LLC to Huntington Bancshares, allowing KKR to focus on its core alternative investment and asset management businesses [5] Key Factors Influencing Performance - KKR has seen increases in fee-earning AUM and total AUM, driven by a diversified product mix and net inflows, with a projected AUM of $740 billion, a 16.1% increase year-over-year [7][8] - Fee-paying AUM is estimated at $598.5 billion, indicating a 16.9% year-over-year increase [8] - Management fees for the quarter are expected to grow by 20.4% to $1.09 billion [8] Performance Metrics - Fee-related performance revenues are estimated at $31.7 million, reflecting a 26.3% year-over-year increase [9] - KKR anticipates limited profits from deal exits, with preliminary estimates for realized performance income and net realized investment income exceeding $525 million, down from $725 million in the prior-year quarter [9] Expense Outlook - KKR is likely to report elevated expenses due to higher employee compensation, commissions, and reinsurance expenses, driven by increased placement fees and fundraising activities [10] Earnings Prediction Model - The earnings prediction model indicates that KKR is not expected to beat earnings estimates this quarter, with an Earnings ESP of -4.08% and a Zacks Rank of 3 [11]

Core Viewpoint - A consortium led by KKR is nearing a deal to acquire ST Telemedia Global Data Centres, a Singapore-based global data center provider, with the transaction valuing the company at over SGD 13 billion [1][7]. Group 1: Acquisition Details - KKR is collaborating with Singapore telecommunications giant Singtel for this acquisition [1][7]. - The negotiations have entered a critical phase, with an announcement expected soon, although no binding agreement is guaranteed [2][7]. - ST Telemedia's parent company, Temasek Holdings, currently holds over 80% of STT GDC, with the remaining shares owned by the KKR-led consortium, which acquired a minority stake for approximately USD 1.3 billion in 2024 [2][3][7]. Group 2: Market Context - The acquisition is set against a backdrop of increasing demand for computing power driven by the AI boom, prompting foreign firms, including private equity companies, to invest in data centers, with Asia being a major beneficiary of this investment wave [3][7]. - Recent investments in the region include Micron Technology's announcement of a USD 24 billion advanced wafer fabrication plant in Singapore, Microsoft's USD 23 billion investment in AI-related infrastructure (mostly in India), and Amazon's USD 5 billion investment in data centers in Taiwan [3][8]. - Southeast Asia has also announced similar investment plans, contributing to the overall expansion of the digital economy, including digital payments and e-commerce [3][8]. Group 3: Company Profile - STT GDC operates over 100 data centers globally, with a total capacity exceeding 2.3 gigawatts [4][8]. - For KKR, this acquisition will further strengthen its business presence in the region, following an investment of USD 800 million in 2023 to acquire a 20% stake in Singapore Telecommunications' regional data center business [4][9].

Group 1 - The consortium is close to finalizing a deal to acquire ST Telemedia Global Data Centres, with the transaction valued at over $10 billion [1]