KKR Sinks Its Teeth Into Henry Schein With Additional Investment And Board Seats: Details
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 29 2025
0mins
Source: Benzinga
Investment and Shareholder Changes: Henry Schein, Inc. announced a $250 million strategic investment from KKR & Co. Inc., making KKR the largest non-index fund shareholder with a 12% stake, and allowing for potential increase to 14.9%. Additionally, KKR will have representation on the Board of Directors.
Financial Outlook: The company reported preliminary fourth-quarter revenue of $3.2 billion, slightly below consensus estimates, and projected low to mid-single-digit growth in revenues and adjusted EPS for 2025, with plans to release full financial results on February 25, 2025.
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Analyst Views on KKR
Wall Street analysts forecast KKR stock price to rise
9 Analyst Rating
9 Buy
0 Hold
0 Sell
Strong Buy
Current: 95.020
Low
145.00
Averages
159.67
High
176.00
Current: 95.020
Low
145.00
Averages
159.67
High
176.00
About KKR
KKR & Co. Inc. is a global investment firm that offers alternative asset management as well as capital markets and insurance solutions. The Company’s segments include Asset Management, Insurance and Strategic Holdings. Asset Management segment offers a range of investment management services to investment funds, vehicles and accounts and provides capital markets services to portfolio companies and third parties. Asset Management segment includes five business lines: Private Equity, Real Assets, Credit and Liquid Strategies, Capital Markets and Principal Activities. Insurance segment is operated by Global Atlantic, which is a United States retirement and life insurance company that provides a suite of protection, legacy and savings products and reinsurance solutions to clients across individual and institutional markets. Global Atlantic offers individuals fixed-rate annuities and others. Strategic Holdings segment represents its participation in its core private equity strategy.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Accelerated Business Growth: This investment will accelerate Crowe's existing business strategy, driving momentum across its service lines and further solidifying its reputation in audit, tax, and consulting services.
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- Equity Structure Change: Crowe partners will retain a minority stake, ensuring continued management involvement, which could facilitate the company's strategic development in the future.
- Expected Transaction Timeline: The companies anticipate closing the transaction in Q3, although specific stake sizes and valuation details remain undisclosed, indicating the urgency of the deal and the willingness of both parties to collaborate.
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See More
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- Capital Commitments: The Helix strategy has secured over $10 billion in long-duration capital commitments, reflecting strong investor confidence in AI infrastructure, which is expected to accelerate project implementation and drive industry growth.
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See More
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- Defense and Energy Sector Outlook: KKR identifies the defense and energy sectors as likely winners in long-term trends, noting that despite rising input costs, there is an increasing focus on supply chain security and resilience across nations and industries, driving investment in these areas.
- Asian Market Performance: KKR expects Asia to continue outperforming in both public and private markets, particularly highlighting Japan and Korea as undervalued, with earnings likely to surprise positively in 2026 and 2027.
- Yuan Appreciation Forecast: KKR forecasts that the Chinese yuan will strengthen as the U.S. dollar peaks, predicting an exchange rate of about 6.5 yuan per dollar by 2027, reflecting a cautiously optimistic view on China's economic prospects.
See More
