KKR & Co. Inc. - KKR STOCK NEWS

Global Atlantic Financial Group has appointed Monica Verma as the new Chief Operating Officer of its Investment Office, enhancing its leadership team. With nearly 23 years of experience, including her previous role as Global Head of Enterprise Treasury at Vanguard, Verma will focus on advancing core investment strategies and collaboration with business partners. Following KKR's acquisition of Global Atlantic in February 2021, the company has leveraged KKR’s investment expertise to strengthen its portfolio performance. This strategic hiring aims to bolster growth and asset management efficiency.

KKR has announced the final close of its first dedicated asset-based finance fund, KKR Asset-Based Finance Partners, with commitments of approximately $2.1 billion. This fund will focus on privately originated credit investments backed by diverse financial and hard assets, aiming for attractive risk-adjusted returns. The asset-backed finance market, valued at $4.5 trillion, presents significant growth opportunities. KKR's experience includes over $6 billion deployed in the asset-based finance sector since 2016 and managing approximately $35 billion in related assets.

Alliance Pharma has acquired Drug Development Solutions (DDS) from LGC, enhancing its bioanalytical services globally. The acquisition, co-owned by KKR and Ampersand Capital Partners, enables Alliance to broaden its capabilities in cell and gene therapy, biologics, and material sciences. DDS contributes two advanced labs in the UK, including one of the largest bioanalytical centers globally. This strategic move positions Alliance as an international bioanalytical service provider, focusing on supporting emerging areas in the pharmaceutical industry.

123Dentist has merged with Altima Dental and Lapointe Group, creating one of Canada’s largest dental support organizations with nearly 350 practices. The merger is backed by equity capital from financial partners, including KKR and Heartland Dental. This partnership aims to enhance support for dentists and improve patient care, with a focus on flexible ownership models. The transaction is expected to close in Q3 2022, pending regulatory approval, significantly increasing access to quality dental services for over 800,000 patients annually.

Global Atlantic Financial Group announced that its subsidiary, Forethought Life Insurance Company, has been named a Ward’s 50® top life and health insurance company for the thirteenth consecutive year. This recognition highlights the company's strong financial performance and commitment to integrity. Ward's analysis evaluates over 700 life and health insurance companies based on rigorous criteria, confirming that Forethought Life meets the highest standards in safety and performance metrics. This accolade underscores Global Atlantic's leading position in the U.S. life insurance and annuity industry.

KKR, a global investment firm, has acquired 6300 Providence Way, a Class A warehouse in Eastvale, California, totaling approximately 281,000 square feet. This facility, delivered in 2017, features 32-foot clear heights, a 148-foot truck court, and strategic access to major trucking routes. The purchase enhances KKR's presence in the Inland Empire, further solidifying its commitment to high-quality industrial real estate investments, having allocated around $7 billion in logistics assets since 2018.

KKR & Co. Inc. (NYSE: KKR) has appointed Kathryn King Sudol as General Counsel, effective September 6, 2022. Sudol, previously Global Co-Head of Mergers and Acquisitions at Simpson Thacher & Bartlett LLP, will replace David Sorkin, who transitions to Chief Legal Officer. Sorkin will continue with the firm as Advisory Partner. The leadership transition is aimed at bolstering KKR's legal and compliance framework as the company continues to pursue its growth objectives.

Onward Energy has signed a binding agreement to acquire 100% of the cash equity interests in a 1,171 MW solar portfolio from Global Atlantic Financial Group. This deal, representing the largest renewable investment in Onward Energy's history, will expand its portfolio to over 6 GW of power generation assets across 8 states. The transaction is expected to close in Q3 2022, subject to customary conditions. Onward Energy aims to enhance its portfolio and contribute to the energy transition with these quality solar assets.

NielsenIQ and GfK SE have announced a definitive agreement to combine, creating a leading provider of retail and consumer measurement data. The merger will enhance omnichannel measurement capabilities and leverage cutting-edge cloud technology to offer comprehensive insights into shopper behavior. Advent International will be the majority shareholder, while KKR and the Nuremberg Institute for Market Decisions will remain significant investors. This collaboration aims to innovate faster in the consumer measurement space and expand into new markets.