Ares, KKR Among Lenders Seeking to Capitalize on Barings Fallout
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 22 2024
0mins
Source: Bloomberg
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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: 95.300
Low
145.00
Averages
159.67
High
176.00
Current: 95.300
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.
OHB Plans €500 Million Rights Issue Following SpaceX IPO Surge
- Rights Issue Announcement: German satellite maker OHB has announced a €500 million rights issue, marking the first space company to enter public markets following SpaceX's record $2 trillion IPO, reflecting strong investor interest in the sector.
- Shareholder Rights Waived: The Fuchs family, OHB's majority shareholder with a 65.4% stake, and KKR-owned Orchid Lux Holdco will waive their subscription rights for the offering, although specific pricing and volume details remain undisclosed.
- Capital Raise Impact: Based on OHB's closing price of €410 last Friday, the planned capital raise would equate to approximately 1.2 million new shares, representing about 6% of current share capital; if offered at a lower price, the free float could increase by 7% to 8%.
- Use of Proceeds: OHB stated that proceeds from the rights issue will be directed towards mergers and acquisitions, investments in launch vehicles, and ramping up industrialization of production facilities, aiming to further solidify its market position.
See More
Crowe Partners with KKR for Strategic Investment
- Strategic Investment Partnership: KKR is making a significant equity investment in Crowe Advisory LLC through its North America Fund XIV, marking its first institutional capital partnership and demonstrating strong confidence in Crowe's long-term growth potential.
- 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.
- Structural Reorganization Plan: Prior to closing, Crowe will reorganize its structure to form Crowe Advisory LLC, which will focus on providing tax and advisory services, while Crowe LLP will continue to provide audit services as a licensed CPA firm, ensuring compliance and business expansion.
- Future Outlook: The transaction is expected to close in the third calendar quarter of 2026, and Crowe plans to leverage KKR's support to invest further in talent and technology, enhancing client service quality while maintaining its core values.
See More
KKR to Acquire Majority Stake in Crowe in Nearly $3 Billion Deal
- Significant Deal Size: KKR and co-investors are set to acquire a majority stake in Crowe, with the deal valued at nearly $3 billion, reflecting KKR's strong interest and confidence in the accounting sector.
- 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.
- Far-Reaching Industry Impact: This acquisition will further enhance KKR's influence in the accounting and consulting sectors, potentially attracting attention from other investors in the industry and altering the competitive landscape.
See More
KKR Launches New Company with $10 Billion for AI Infrastructure Financing
- Company Formation: KKR has launched a new company named Helix Digital Infrastructure with over $10 billion in committed capital, aimed at addressing the surging demand for AI infrastructure, highlighting the critical role of private equity in AI financing.
- Key Investors: The Kuwait Investment Authority, Nvidia, and Vistra are anchor investors, with Nvidia providing expertise in AI data center design and Vistra serving as the preferred power supplier, ensuring operational efficiency for Helix.
- Surging Market Demand: The rapid increase in U.S. data center construction has strained power supplies and created shortages of electronic components, raising project costs and making private equity a vital funding source for the AI industry, reflecting strong market demand for AI services.
- Leadership Background: Helix is led by former AWS CEO Adam Selipsky, who successfully doubled the division's sales and operating profit since his appointment in 2021, demonstrating his capability in driving company growth and innovation.
See More
KKR and Nvidia Launch New Company to Drive AI Infrastructure
- Company Formation: KKR, Nvidia, Vistra, and the Kuwait Investment Authority have launched Helix Digital Infrastructure to provide integrated infrastructure for hyperscalers, addressing the surging demand for AI and enhancing market competitiveness.
- 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.
- Strategic Partnership: Nvidia will serve as a strategic partner to support Helix in deploying Nvidia DSX AI factory-aligned infrastructure, aiming to maximize tokens per watt and further advance AI technology applications.
- Leadership Team: Helix will be led by former Amazon Web Services CEO Adam Selipsky, with KKR's global head of digital infrastructure Waldemar Szlezak as CIO, ensuring a robust management team to support the company's future development.
See More
DCC Backs KKR's £5.7B Takeover Proposal
- Acquisition Proposal Support: Ireland-based energy distributor DCC announced its support for a £5.7 billion takeover proposal from KKR and Energy Capital Partners, indicating potential benefits for shareholders if a formal offer is made.
- Share Price Premium: The new proposal of approximately £66.72 per share represents a 33% premium over DCC's share price prior to the initial approach, reflecting a recognition of the company's value.
- Rejection of Low Offer: DCC previously rejected a £58 per share proposal, deeming it too low, which underscores the company's confidence in its market value and commitment to shareholder interests.
- Negotiation Deadline Extension: DCC has agreed to extend the deadline until July 8 for KKR and Energy Capital Partners to make a formal offer, allowing for continued negotiations and demonstrating a proactive approach towards a potential deal.
See More
OHB Plans €500 Million Rights Issue Following SpaceX IPO Surge
- Rights Issue Announcement: German satellite maker OHB has announced a €500 million rights issue, marking the first space company to enter public markets following SpaceX's record $2 trillion IPO, reflecting strong investor interest in the sector.
- Shareholder Rights Waived: The Fuchs family, OHB's majority shareholder with a 65.4% stake, and KKR-owned Orchid Lux Holdco will waive their subscription rights for the offering, although specific pricing and volume details remain undisclosed.
- Capital Raise Impact: Based on OHB's closing price of €410 last Friday, the planned capital raise would equate to approximately 1.2 million new shares, representing about 6% of current share capital; if offered at a lower price, the free float could increase by 7% to 8%.
- Use of Proceeds: OHB stated that proceeds from the rights issue will be directed towards mergers and acquisitions, investments in launch vehicles, and ramping up industrialization of production facilities, aiming to further solidify its market position.
See More
Crowe Partners with KKR for Strategic Investment
- Strategic Investment Partnership: KKR is making a significant equity investment in Crowe Advisory LLC through its North America Fund XIV, marking its first institutional capital partnership and demonstrating strong confidence in Crowe's long-term growth potential.
- 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.
- Structural Reorganization Plan: Prior to closing, Crowe will reorganize its structure to form Crowe Advisory LLC, which will focus on providing tax and advisory services, while Crowe LLP will continue to provide audit services as a licensed CPA firm, ensuring compliance and business expansion.
- Future Outlook: The transaction is expected to close in the third calendar quarter of 2026, and Crowe plans to leverage KKR's support to invest further in talent and technology, enhancing client service quality while maintaining its core values.
See More
KKR to Acquire Majority Stake in Crowe in Nearly $3 Billion Deal
- Significant Deal Size: KKR and co-investors are set to acquire a majority stake in Crowe, with the deal valued at nearly $3 billion, reflecting KKR's strong interest and confidence in the accounting sector.
- 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.
- Far-Reaching Industry Impact: This acquisition will further enhance KKR's influence in the accounting and consulting sectors, potentially attracting attention from other investors in the industry and altering the competitive landscape.
See More
KKR Launches New Company with $10 Billion for AI Infrastructure Financing
- Company Formation: KKR has launched a new company named Helix Digital Infrastructure with over $10 billion in committed capital, aimed at addressing the surging demand for AI infrastructure, highlighting the critical role of private equity in AI financing.
- Key Investors: The Kuwait Investment Authority, Nvidia, and Vistra are anchor investors, with Nvidia providing expertise in AI data center design and Vistra serving as the preferred power supplier, ensuring operational efficiency for Helix.
- Surging Market Demand: The rapid increase in U.S. data center construction has strained power supplies and created shortages of electronic components, raising project costs and making private equity a vital funding source for the AI industry, reflecting strong market demand for AI services.
- Leadership Background: Helix is led by former AWS CEO Adam Selipsky, who successfully doubled the division's sales and operating profit since his appointment in 2021, demonstrating his capability in driving company growth and innovation.
See More
KKR and Nvidia Launch New Company to Drive AI Infrastructure
- Company Formation: KKR, Nvidia, Vistra, and the Kuwait Investment Authority have launched Helix Digital Infrastructure to provide integrated infrastructure for hyperscalers, addressing the surging demand for AI and enhancing market competitiveness.
- 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.
- Strategic Partnership: Nvidia will serve as a strategic partner to support Helix in deploying Nvidia DSX AI factory-aligned infrastructure, aiming to maximize tokens per watt and further advance AI technology applications.
- Leadership Team: Helix will be led by former Amazon Web Services CEO Adam Selipsky, with KKR's global head of digital infrastructure Waldemar Szlezak as CIO, ensuring a robust management team to support the company's future development.
See More
DCC Backs KKR's £5.7B Takeover Proposal
- Acquisition Proposal Support: Ireland-based energy distributor DCC announced its support for a £5.7 billion takeover proposal from KKR and Energy Capital Partners, indicating potential benefits for shareholders if a formal offer is made.
- Share Price Premium: The new proposal of approximately £66.72 per share represents a 33% premium over DCC's share price prior to the initial approach, reflecting a recognition of the company's value.
- Rejection of Low Offer: DCC previously rejected a £58 per share proposal, deeming it too low, which underscores the company's confidence in its market value and commitment to shareholder interests.
- Negotiation Deadline Extension: DCC has agreed to extend the deadline until July 8 for KKR and Energy Capital Partners to make a formal offer, allowing for continued negotiations and demonstrating a proactive approach towards a potential deal.
See More
