Kkr & Co Inc - KKR STOCK NEWS

CDPQ has provided EUR 485 million (approximately CAD 650 million) in acquisition financing to support KKR's friendly offer to acquire 100% of Albioma SA, a French renewable energy producer. This marks CDPQ's inaugural transaction under its $10-billion transition envelope aimed at decarbonizing high-emission sectors. Albioma operates over 1 GW of renewable capacity and is committed to ending coal use by 2025, with a goal of generating 100% of its electricity from renewable sources by 2030. The investment supports sustainable energy transition efforts.

KKR Real Estate Select Trust Inc. (KREST) has acquired two Class A multifamily properties totaling 1,380 units in separate transactions. One property is located in Downtown Brooklyn, featuring 365 rental units with modern amenities, while the other, situated on the border of West Philadelphia, consists of 1,015 units in five buildings. Both acquisitions align with KREST’s strategy to invest in high-growth, income-generating real estate.

These investments are expected to enhance KREST's portfolio by providing attractive cash yields through long-duration fixed-rate financing.

KKR & Co. Inc. (NYSE: KKR) released its third quarter 2022 financial results, available on its Investor Center website. A conference call to discuss these results occurred on November 1, 2022, at 10:00 a.m. ET. KKR is recognized as a leading global investment firm, specializing in alternative asset management and offering capital markets and insurance solutions. The firm aims to deliver attractive investment returns through disciplined investments and robust growth support for its portfolio companies.

KKR has successfully sold Minnesota Rubber and Plastics to Trelleborg Group, rewarding over 1,450 employees across six countries with substantial cash payouts due to an employee ownership plan initiated in 2018. Employees are receiving bonuses averaging over 12 months of salary, with longer-tenured staff earning up to double. Along with financial rewards, employees gain access to personal financial coaching and tax preparation services. This initiative aligns with KKR's ongoing commitment to employee ownership, benefiting over 45,000 workers since 2011.

KKR has signed definitive agreements to acquire 100% of Ness Digital Engineering from The Rohatyn Group. Founded in 1998 and based in Teaneck, New Jersey, Ness is recognized for its end-to-end digital transformation services. This acquisition aligns with KKR's strategy to boost its technology portfolio, enhancing Ness' capabilities in cloud engineering, data analytics, and experience design. The deal aims to facilitate Ness' growth and competitiveness in the digital economy, backed by KKR's global investment expertise.

KKR Income Opportunities Fund (NYSE: KIO) announced monthly distributions of $0.105 per common share for November, December, and January. Based on the IPO price of $20.00 and the current price of $10.84, the annualized distribution rates are 6.30% and 11.62%, respectively. The distribution dates are November 30, December 30, and January 31. It's noted that the distribution rate is not indicative of future returns and may include amounts from sources other than net investment income, which could affect the overall investment performance.

KKR and Mubadala Investment Company have entered into a strategic partnership to co-invest in private credit opportunities within the Asia Pacific (APAC) region. The partnership aims to deploy at least US$1 billion in long-term capital while supporting businesses facing challenges in accessing flexible financing. KKR recently raised the KKR Asia Credit Opportunities Fund, a US$1.1 billion credit investment vehicle. KKR has deployed nearly US$3 billion in credit capital in APAC since 2019, enhancing its credit platform and capabilities in the rapidly growing regional market.

KKR has announced a US$300 million investment for a 13.33% stake in Advanta Enterprises Limited, a UPL Limited subsidiary, enhancing its position in sustainable agriculture and global seed solutions. Advanta, active in 84 countries, offers over 900 hybrids and ranks highly in the Access to Seeds Index. KKR aims to support Advanta's growth amid global food security challenges and leverage its operational expertise in the agricultural sector. The investment emphasizes KKR's commitment to responsible investment and sustainability, aligning with the UN's Sustainable Development Goals.

SkinSpirit, a top U.S. provider of aesthetic skin and body care, has secured a minority investment from KKR to bolster its market presence and enhance talent development. Founded in 2003, SkinSpirit has expanded to 31 locations, tripling its clinics since 2018. The investment is part of KKR's Health Care Strategic Growth Fund II, aimed at high-growth health care firms. CEO Lynn Heublein emphasizes a people-first approach to service and growth. KKR sees long-term growth opportunities in the medical aesthetics sector, and GreyLion will remain a minority owner in the company.