Kohlberg Kravis Roberts

Altavair Closes Sale and Leaseback of Six A321-200 Aircraft with Delta Air Lines

Retrieved on: 
Tuesday, May 19, 2020
Finance, Banking, Air, Professional services, Transport, Aviation, Airlines, Finance, BOC Aviation, Bank of China, Leaseback, US Airways, Kohlberg Kravis Roberts, Airbus A321, Delta Air Lines, Airbus, KKR, Altavair L.P.

KKR, a leading global investment firm, and Altavair L.P., a leader in commercial aviation finance, announced today the signing of a sale and leaseback with Delta Air Lines for six Airbus A321-200 aircraft.

Key Points: 
  • KKR, a leading global investment firm, and Altavair L.P., a leader in commercial aviation finance, announced today the signing of a sale and leaseback with Delta Air Lines for six Airbus A321-200 aircraft.
  • The acquisition was made through aircraft leasing investment platform Altitude Aircraft Leasing, which was established by KKRs credit and infrastructure funds in 2018 to acquire aircraft to be serviced by Altavair.
  • Altavair CEO Steve Rimmer said, We are pleased to again have the opportunity to transact with Delta, especially during this period of economic uncertainty.
  • Due to our longstanding relationship with Delta, we were able to document and close on this transaction in very short order.

Trinity Capital Inc. Reports First Quarter 2020 Financial Results

Retrieved on: 
Thursday, May 14, 2020
Banking, Professional services, Finance, Finance, Money, Economy, Corporate finance, Equity securities, Venture capital, Venture debt, Private equity, Private equity in the 2000s, Kohlberg Kravis Roberts

Trinity Capital Inc. (Trinity Capital or the Company), a leading specialty lending company that provides debt, including loans and equipment financing, to growth stage companies backed by technology banks, venture capital and private equity firms, today announced its financial results for the quarter ended March 31, 2020.

Key Points: 
  • Trinity Capital Inc. (Trinity Capital or the Company), a leading specialty lending company that provides debt, including loans and equipment financing, to growth stage companies backed by technology banks, venture capital and private equity firms, today announced its financial results for the quarter ended March 31, 2020.
  • The formation of Trinity Capital and the access to permanent capital allows us to strengthen our well-established presence in the venture lending and equipment finance space.
  • On January 16, 2020, following the completion of an equity and a debt capital offering, Trinity Capital completed several acquisitions to consolidate select affiliate funds into its current structure (formation transactions).
  • 1 Financial performance for the quarter primarily reflects operations commencing on January 16, 2020 through March 31, 2020.

Bernstein Strategic Decisions Conference 2020

Retrieved on: 
Wednesday, May 13, 2020
Banking, Professional services, Finance, Finance, Money, Economy, Kohlberg Kravis Roberts, Equity securities, Financial markets, Investment, Alternative investment management companies, Private equity, Hedge fund

KKR & Co. Inc. (NYSE: KKR) announced today that Scott C. Nuttall, Co-President and Co-Chief Operating Officer, will present at the Bernstein Strategic Decisions Conference 2020 on Thursday, May 28, 2020 at 3:00 PM ET.

Key Points: 
  • KKR & Co. Inc. (NYSE: KKR) announced today that Scott C. Nuttall, Co-President and Co-Chief Operating Officer, will present at the Bernstein Strategic Decisions Conference 2020 on Thursday, May 28, 2020 at 3:00 PM ET.
  • A live webcast of the presentation will be available on the Investor Center section of KKRs website at http://ir.kkr.com/kkr_ir/kkr_events.cfm .
  • For those unable to listen to the live webcast, a replay will be available on the website shortly after the event.
  • KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic partners that manage hedge funds.

OutSystems Appoints New Board Member Kara Wilson

Retrieved on: 
Wednesday, May 13, 2020
Marketing, Data management, Communications, Technology, Mobile, Wireless, Software, Internet, Companies, Business software, Business, OutSystems, Kohlberg Kravis Roberts, Epicor, Corel, Marketing, Data management, Communications, Technology, Mobile, Wireless, Software, Internet, Companies, Business software, Business, OutSystems, Kohlberg Kravis Roberts, Epicor, Corel

OutSystems , the global leader in low-code application development, today announced that Kara Wilson, strategic advisor for KKR within the technology practice, has joined its board of directors.

Key Points: 
  • OutSystems , the global leader in low-code application development, today announced that Kara Wilson, strategic advisor for KKR within the technology practice, has joined its board of directors.
  • Karas experience leading growth at scale will be a tremendous asset to OutSystems as we navigate through this important phase in our development.
  • Wilson is currently a strategic advisor for KKR and sits on the boards of Paychex, Epicor, Jitterbit, KnowBe4, Corel, and now OutSystems.
  • The cycle of disruption resulting from the current environment is fundamentally shifting paradigms around how organizations develop and deliver applications, said Kara Wilson.

CBA Announces Agreement to Sell 55% Stake in Colonial First State to KKR

Retrieved on: 
Wednesday, May 13, 2020
Banking, Professional services, Finance, Kohlberg Kravis Roberts, Finance, Financial services, Investment, CFS, KKR

The transaction implies a total valuation for CFS on a 100% basis of $3.3 billion,1 which will result in CBA receiving cash proceeds of approximately $1.7 billion from KKR.

Key Points: 
  • The transaction implies a total valuation for CFS on a 100% basis of $3.3 billion,1 which will result in CBA receiving cash proceeds of approximately $1.7 billion from KKR.
  • Together, CBA and KKR intend to undertake a significant investment program, strengthening the position of CFS as one of Australias leading retail superannuation and investments businesses.
  • In addition, the transaction is expected to enhance the tools provided and the ease of doing business with CFS for financial advisors.
  • Partner and Head of KKR Australia, Scott Bookmyer, said: KKR is honoured to have the opportunity to invest alongside CBA to further the success of this leading platform.

Slice Closes $43 Million in Series C Funding Led by KKR

Retrieved on: 
Tuesday, May 12, 2020
Software, Technology, Retail, Restaurant, Bar, Kohlberg Kravis Roberts, Slice, Companies, Finance, Financial services, Slice, KKR, GGV Capital

Slice, the all-in-one ordering and marketing tech platform for local pizzerias, today announced that it has raised $43 million in Series C funding.

Key Points: 
  • Slice, the all-in-one ordering and marketing tech platform for local pizzerias, today announced that it has raised $43 million in Series C funding.
  • KKR led the round with participation from existing early investors, including GGV Capital.
  • Slice also offers access to its nearly five million customers who want great, local pizza through its app.
  • For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website at www.kkr.com and on Twitter @KKR_Co.

Dave & Buster’s Entertainment, Inc. Appoints John Hockin to its Board of Directors

Retrieved on: 
Tuesday, May 12, 2020
Kohlberg Kravis Roberts, Hockin, Finance, Financial services, Investment

Mr. Hockin is a Managing Director at KKR, a leading investment firm with significant holdings in both private and public equities.

Key Points: 
  • Mr. Hockin is a Managing Director at KKR, a leading investment firm with significant holdings in both private and public equities.
  • As such, atthe Annual Meeting the Board will automatically be reduced back to nine directors, seven of whom will be independent.
  • We are pleased to welcome John as a new independent director, said Stephen King, Chairman of the Board.
  • Mr. Hockin commented, Dave & Busters is a differentiated and experiential concept that has been a market leader and delivered terrific growth and results over time.

KKR Prevails in Coty Professional Beauty Deal

Retrieved on: 
Tuesday, May 12, 2020
Nail care, Companies, Industries, Coty, Inc., Reckitt Benckiser, Kohlberg Kravis Roberts, Body modification, Coty, Henkel, Manicure, Nail salon, Opi

Parsippany, NJ, May 12, 2020 (GLOBE NEWSWIRE) -- In one of the most competitive M&A battles in professional beauty history, KKR came out the winner in the deal reached over the weekend for Coty Professional Beauty.

Key Points: 
  • Parsippany, NJ, May 12, 2020 (GLOBE NEWSWIRE) -- In one of the most competitive M&A battles in professional beauty history, KKR came out the winner in the deal reached over the weekend for Coty Professional Beauty.
  • However, with this bleak outlook, the dynamics of the Coty Professional Beauty deal shifted, giving the upper hand to KKR, with Henkels position as a strategic buyer weakened due to the challenging current and future state of the salon industry.
  • Kline also expects the OPI professional nail care brand to seek greater retail and online sell-through, as nail salon businesses are likely to suffer the greatest closure casualties in professional beauty.
  • Klines worst-case global forecast for professional beauty indicates the market will dip to $20 billion by 2024, contracting by approximately $5 billion from the $25 billion it registered in 2019.We thus expect KKR will retain its ownership of Coty Professional Beauty throughout this period, perhaps selling it to Henkel at some point in the future.

KKR & Co. Inc. Reports First Quarter 2020 Results

Retrieved on: 
Wednesday, May 6, 2020
REIT, Finance, Professional services, Commercial Building & Real Estate, Construction & Property, Finance, Kohlberg Kravis Roberts, Investment, Money, Publicly traded private equity

KKR & Co. Inc. (NYSE:KKR) today reported its first quarter 2020 results, which have been posted to the Investor Center section of KKRs website at http://ir.kkr.com/kkr_ir/kkr_events.cfm .

Key Points: 
  • KKR & Co. Inc. (NYSE:KKR) today reported its first quarter 2020 results, which have been posted to the Investor Center section of KKRs website at http://ir.kkr.com/kkr_ir/kkr_events.cfm .
  • View the full release here: https://www.businesswire.com/news/home/20200506005096/en/
    A conference call to discuss KKRs financial results will be held on Wednesday, May 6, 2020 at 10:00 a.m.
  • KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies.
  • For additional information about KKR & Co. Inc. (NYSE:KKR), please visit KKR's website at www.kkr.com and on Twitter @KKR_Co.

KKR Income Opportunities Fund to Hold Investor Call

Retrieved on: 
Tuesday, May 5, 2020
Finance, Consulting, Banking, Professional services, Other Professional Services, Finance, Investment, Money, Kohlberg Kravis Roberts, Private equity, Venture capital, Equity securities, Publicly traded private equity, Accel-KKR, KKR Income Opportunities Fund, KKR Credit, KKR

KKR Income Opportunities Fund (the Fund) (NYSE: KIO) today announced that it will hold an investor call on May 12th, 2020 at 1:00pm EST.

Key Points: 
  • KKR Income Opportunities Fund (the Fund) (NYSE: KIO) today announced that it will hold an investor call on May 12th, 2020 at 1:00pm EST.
  • KKR Income Opportunities Fund is a diversified, closed-end management investment company managed by KKR Credit Advisors (US) LLC (KKR Credit), an indirect subsidiary of KKR & Co. Inc. (KKR).
  • KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business.
  • For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website at www.kkr.com and on Twitter @KKR_Co.