Kkr news

Individuals will be able to invest in KKR's health-care fund through a tokenized feeder fund on the Avalanche blockchain provided by Securitize. "What we're going to be providing to investors are digital asset securities or security tokens that represent an economic interest [in] a feeder fund of the the main KKR healthcare fund," Carlos Domingo, co-founder and CEO of Securitize, told CoinDesk TV. "It's a way for individual investors to get access into a high quality private equity fund - from a very reputable firm, like KKR - that otherwise is not available [to them]," he said. “With its ability to digitize operational inefficiencies and increase ease of use for individual investors, blockchain technology has the potential to play an important role in the future of private markets,” Dan Parant, managing director and co-head of U.S. private wealth at KKR, said in the statement. This isn't the only way to invest in the closed-end health-care fund as it was originally catered towards institutional investors. However, its the only way retail investors can invest in the fund as the requirement for institutional investors to buy in is in the millions, while the minimum threshold for individual investing through the feeder fund is $100,000, Domingo told CDTV.

June 5 (Reuters) - KKR & Co Inc Flow-control products help manage and control liquids and gases using equipment or services such as pumps, valves, compressors and meters. Circor, which has about 3,100 employees, makes pump and valve systems for sectors including oil and gas, industrial, aerospace and defense. "KKR will help us expand our presence in the flow-control space," Circor's Chief Executive Officer Tony Najjar said. KKR said it will pay $49 per share, sending Circor's stock up 49% at $47.20 in premarket trading. The offer represents a premium of nearly 55% to Circor's last close on Friday. The deal represents an equity value of nearly $1 billion, according to Reuters' calculations. KKR will benefit from Circor's customer base, which includes commercial airlines and the U.S. Department of Defense. The Wall Street Journal had first reported on the deal. Evercore, J.P. Morgan Securities LLC and Ropes & Gray LLP advised Circor, while Citi and Kirkland & Ellis LLP were KKR's advisers. In March last year, Circor flagged irregularities in financial statements and roped in an independent accounting firm, while also engaging in preliminary discussions with interested parties regarding a potential sale.

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P/E Ratio (TTM) The Price to Earnings (P/E) ratio, a key valuation measure, is calculated by dividing the stock's most recent closing price by the sum of the diluted earnings per share from continuing operations for the trailing 12 month period. Earnings Per Share (TTM) A company's net income for the trailing twelve month period expressed as a dollar amount per fully diluted shares outstanding. Market Capitalization Reflects the total market value of a company. Market Cap is calculated by multiplying the number of shares outstanding by the stock's price. For companies with multiple common share classes, market capitalization includes both classes. Shares Outstanding Number of shares that are currently held by investors, including restricted shares owned by the company's officers and insiders as well as those held by the public. Public Float The number of shares in the hands of public investors and available to trade. To calculate, start with total shares outstanding and subtract the number of restricted shares. Restricted stock typically is that issued to company insiders with limits on when it may be traded. Dividend Yield A company's dividend expressed as a percentage of its current stock price. Key Stock Data • Shares Sold Short The total number of shares of a security that have been sold short and not yet repurchased. Change from Last Percentage change in short interest from the previous report to the most recent report. Exchanges report short interest twice a month. P...

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/kkr-nears-1-6-billion-deal-to-buy-circor-international-39f1d4ec KKR plans to use Circor to do further acquisitions in what is still a fragmented market. Photo: BRENDAN MCDERMID/REUTERS Private-equity firm KKR & Co. has struck a deal to buy pump-and-valve maker Circor International for $1.6 billion including debt. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

A Conversation with Henry Kissinger at 100 As Henry Kissinger celebrates his centennial he sat down with Bloomberg's Editor-in-Chief John Micklethwait to look back over the events of his lifetime. Covering his early life in Europe, his rise to power in the United States and the marks he left on Asia. Bloomberg Radio Bloomberg Business of Sports Bloomberg Business of Sports lets you follow the money in the world of sports, reporting on trades, salaries, endorsements, contracts and collective bargaining. The show takes listeners inside the business end of the sports world, and explains what it means to fans and their pocketbooks. Bloomberg Originals KKR & Co. is turning to direct lenders to help finance its $1.6 billion acquisition of valve and pump maker Circor International Inc., according to people with knowledge of the situation. The buyout firm’s own capital markets division is leading the $650 million debt financing, according to one of the people, who asked not to be identified discussing a private transaction. The debt will be sold to other direct lenders, and pricing was finalized at 600 basis points over the Secured Overnight Financing Rate, the people said.

Henry McVey: Investors Should ‘Keep it Simple’ in 2023 NEW YORK–(BUSINESS WIRE)– KKR, a leading global investment firm, today released its 2023 Global Macro Outlook by Henry McVey, CIO of KKR’s Balance Sheet and Head of Global Macro and Asset Allocation (GMAA). In “Keep it Simple,” McVey and his team explain that investors will likely have an easier time navigating inflation’s negative impact on corporate earnings and consumer balance sheets in 2023 than they did with record high inflation in 2022. As such, they suggest that investors should selectively accelerate deployment into periods of dislocation over the next 12 to 18 months. The following points underpin the GMAA team’s latest thinking: • Rate of Change Matters – While we still see a higher resting heart rate for inflation this cycle, we believe that inflation peaked in the latter half of 2022. • Earnings – We have higher conviction that earnings will decline in 2023 and will only rebound modestly in 2024. • Labor – We are more convinced that the labor shortage in the U.S. is structural in nature, given the intersection of demographic trends and pandemic-related behavioral changes. • Housing Prices Under Pressure – We now forecast modest home price deceleration in the U.S. in 2023 and 2024. • Goods Deflation, Services Inflation – We have higher conviction in our goods deflation thesis and believe that inflation has shifted to the services sector. • Asynchronous recovery – We see a wide range of inflation and moneta...

NEW YORK--( “Whether reflecting on the business, our mission or the team that undertakes it, we are proud of what we have built to support companies and serve our clients over the last four and a half decades. Joe and Scott—over the last 25 years—have played a significant role in that endeavor and in shaping the firm, its culture, and our market leading businesses into what they are today. As Co-Presidents and Co-Chief Operating Officers, they have worked collaboratively and cemented a strong leadership team that has taken the firm to new heights,” KKR Co-Founders and Executive Co-Chairmen of KKR’s Board of Directors Henry Kravis and George Roberts said. They added: “We could not be more excited about this moment in time. There is such a huge need for private capital to support businesses, and KKR still has so much potential even 45 years later. We are looking forward to all that lies ahead and to working with Joe and Scott to fulfill our mission of fortifying companies and helping secure the retirements and livelihoods of the hundreds of millions of people around the world who depend on our support and investment expertise.” Co-founded in 1976 by first cousins George Roberts and Henry Kravis together with Jerome Kohlberg, KKR has evolved from a U.S.-focused private equity firm to a global financial services enterprise that invests across many alternative asset classes in addition to private equity, including leveraged and alternative credit, infrastructure, real estate, g...