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HarbourView Equity Partners Secures Close to $500 Million in Debt Financing from KKR and Other Investors to Expand Music Investment Opportunities
Businesswire· 2024-03-13 11:07
NEWARK, N.J.--(BUSINESS WIRE)--HarbourView Equity Partners (HarbourView), an industry-leading alternative asset management company focused on investment opportunities in the sports, media and entertainment space, has secured approximately $500 million in debt financing through a private securitization backed by its diversified catalog of music royalties. Insurance vehicles and accounts managed by KKR, a leading global investment firm, led the financing and investment accounts advised by Kuvare Asset Managem ...
mdf commerce enters definitive agreement to be acquired by KKR
Newsfilter· 2024-03-11 11:00
mdf commerce shareholders to receive C$5.80 in cash per share, representing C$255 million in total equity value and a premium of approximately 58% to the closing price of the common shares on the TSX on March 8, 2024Transaction provides immediate liquidity and certainty of value to mdf commerce shareholdersmdf commerce Board of Directors unanimously recommends that shareholders vote in favour of the transactionKKR to support mdf commerce's ambition to grow into a leading enterprise software platform MONTREA ...
KKR & Co. Inc. (KKR) Moves to Strong Buy: Rationale Behind the Upgrade
Zacks Investment Research· 2024-03-05 18:01
Core Viewpoint - KKR & Co. Inc. has received a Zacks Rank 1 (Strong Buy) upgrade, indicating a positive earnings outlook that could favorably impact its stock price [1][2]. Earnings Estimate Revisions - KKR is expected to earn $5.02 per share for the fiscal year ending December 2024, reflecting a year-over-year increase of 46.8% [5]. - Over the past three months, the Zacks Consensus Estimate for KKR has risen by 6.2% [5]. Impact of Institutional Investors - Changes in earnings estimates significantly influence stock prices, as institutional investors adjust their valuations based on these estimates, leading to potential stock price movements [3]. - The upgrade in KKR's earnings estimates suggests an improvement in the company's underlying business, which is likely to attract investor interest and push the stock price higher [3]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimate revisions, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [4]. - KKR's upgrade to Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, indicating strong potential for near-term price appreciation [7].
KKR Appoints Ruchir Swarup as Chief Information Officer
Businesswire· 2024-03-05 12:00
NEW YORK--(BUSINESS WIRE)--KKR today announced the appointment of Ruchir Swarup as a Partner and Chief Information Officer, effective immediately. In this role, Mr. Swarup will be responsible for driving KKR’s technology strategy and vision. Based in New York, Mr. Swarup will lead the firm’s efforts to embrace new technologies and scale existing technology to create efficiencies and reduce risk across the firm. Mr. Swarup brings significant investment technology experience across both public and private ma ...
KKR(KKR) - 2023 Q4 - Annual Report
2024-02-28 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the Transition period from to . Commission File Number 001-34820 KKR & CO. INC. (Exact name of Registrant as specified in its charter) Delaware 88-1203639 (State or other Jurisdiction of (I.R.S. Empl ...
Global Atlantic Closes $10 Billion Block Reinsurance Transaction with Manulife across both US and Japan Business
Businesswire· 2024-02-22 13:15
NEW YORK--(BUSINESS WIRE)--Global Atlantic Financial Group (“Global Atlantic”), a leading insurance company meeting the retirement and life insurance needs of individuals and institutions, today announced the closing of its $10 billion reinsurance transaction with Manulife Financial Corporation (NYSE: MFC). The transaction, signed and previously announced between subsidiaries of the two companies last December, reinsures a seasoned and diversified block of Manulife’s life, annuity, and long-term care (“LTC” ...
Global Atlantic Celebrates Expansion of Hartford Office to Support Continued Growth
Businesswire· 2024-02-21 15:00
HARTFORD, Conn.--(BUSINESS WIRE)--Global Atlantic Financial Group (“Global Atlantic”), a leading insurance company meeting the retirement and life insurance needs of individuals and institutions, today announced the completion of its newly renovated office space on the 18th floor of the iconic Gold Building in downtown Hartford. The expansion project includes a renovation of 29,000 square feet. This involved a full reconstruction of the 18th floor and a partial renovation of the 24th floor, which is current ...
UNIVERSAL MUSIC GROUP ACQUIRES MINORITY STAKE IN CHORD MUSIC PARTNERS
Prnewswire· 2024-02-20 17:15
Core Insights - Universal Music Group (UMG) has formed a strategic partnership with Dundee Partners for the management and acquisition of music intellectual property (IP), acquiring a 25.8% stake in Chord Music Partners for $240 million, valuing Chord at $1.85 billion [1][2][4] Group 1: Partnership and Stake Acquisition - UMG will globally administer publishing and distribute recordings for Chord's existing catalogs, which include over 60,000 music copyrights [1][2] - KKR will sell its majority stake in Chord to Dundee Partners and its investor consortium, with UMG holding a minority stake [1][4] - The partnership aims to actively manage Chord's rights and acquire additional catalogs in the future [2][5] Group 2: Chord's Portfolio and Management - Chord, established in 2021, holds a catalog of premier music IP featuring works from iconic artists such as The Weeknd, David Guetta, and John Legend [2][3] - UMG's management will leverage its global network to enhance the value of Chord's music rights [3][5] Group 3: Leadership and Future Growth - Sir Lucian Grainge, UMG's Chairman and CEO, emphasized the importance of partnerships in identifying timeless music for long-term growth [3] - Boyd Muir, UMG's CFO, highlighted the efficient structure for future catalog acquisitions without significant capital allocation [3][5] - Sam Hendel from Dundee Partners expressed excitement about combining financial acquisition capabilities with UMG's industry leadership [3][7]
Media Advisory: Global Atlantic Financial Group Celebrates Hartford Expansion
Businesswire· 2024-02-16 17:48
HARTFORD, Conn.--(BUSINESS WIRE)--Global Atlantic Financial Group (“Global Atlantic”), a leading insurance company meeting the retirement and life insurance needs of individuals and institutions, will hold a media briefing with special guests, including Connecticut Governor Ned Lamont, Connecticut Department of Economic and Community Development Commissioner-designate Daniel O’Keefe, and Hartford Mayor Arunan Arulampalam, to unveil the finished renovations to the firm’s office space within the iconic Gold B ...
KKR Leads Financing for Clarience Technologies' Acquisition of Safe Fleet
Businesswire· 2024-02-16 12:00
NEW YORK--(BUSINESS WIRE)--KKR, a leading global investment firm, today announced that it served as Lead Arranger, Administrative Agent, and investor on a debt financing for Clarience Technologies’ Acquisition of Safe Fleet. KKR invested in the transaction through its credit vehicles and accounts. KKR Capital Markets acted as Left Lead Arranger and Joint Bookrunner on the transaction. Clarience Technologies is a global provider of visibility and safety technologies for transportation, including vehicle l ...