KKR to acquire NewDay's consumer credit receivables portfolio from Cinven, CVC (KKR:NYSE)

Core Viewpoint - KKR is acquiring NewDay's portfolio of consumer credit receivables from Cinven and CVC Capital Partners, although financial terms of the transaction remain undisclosed [2] Group 1 - KKR is a publicly traded company listed on NYSE under the ticker KKR [2] - NewDay is a UK-based specialty finance company [2] - The acquisition involves consumer credit receivables, indicating a focus on the financial services sector [2] Group 2 - The sellers of the portfolio are private equity firms Cinven and CVC Capital Partners [2] - The transaction highlights ongoing consolidation in the specialty finance industry [2] - The portfolios will continue to operate under NewDay, suggesting a strategic retention of brand and operational structure post-acquisition [2]