KKR & Co. Inc. - KKR STOCK NEWS

Bettcher Industries, a leader in food processing equipment, has been fully acquired by KKR, a prominent global private equity firm. This acquisition was finalized following KKR's announcement in November to buy Bettcher from Morgenthaler Private Equity. CEO Tim Swanson emphasized that the partnership with KKR will enhance Bettcher's growth, leveraging KKR's global reach and expertise. Bettcher's offerings include a range of innovative products aimed at improving yield and safety in food processing, including its renowned Bettcher handheld trimmers and processing equipment under Cantrell-Gainco.

KKR has released its 2022 Global Macro Outlook, authored by Henry McVey. The report, titled 'A Different Kind of Recovery,' suggests that the upcoming economic recovery will differ significantly from past cycles. Key points include: a Western-driven recovery, sustained high input costs, supply constraints impacting growth, and lagging real rates outside China. McVey emphasizes themes like pricing power, collateral-based cash flows, digitalization, service sector normalization, and environmental investments. The report also discusses macro risks and asset allocation strategies for investors.

KKR has launched a self-storage real estate investment platform named Alpha Storage Properties (ASP), headed by industry veteran Jonathan Perry. KKR's real estate funds have acquired 16 self-storage assets for approximately $300 million, totaling around 11,700 units or 1.2 million square feet, in major growth markets including Austin, Atlanta, and Orlando. The firm aims to leverage its proven investment strategy and expertise to further expand its presence in the self-storage sector, which has shown steady growth over the past 30 years.

Bettcher Industries, a key player in food processing equipment, has been acquired by KKR from MPE Partners. Effective immediately, Dan Daniel, KKR Executive Advisor, is appointed Chairman, supporting CEO Tim Swanson in strategic growth initiatives. KKR emphasizes employee engagement, allowing all workers to share in ownership benefits and investing in training. This acquisition aims to enhance Bettcher's market position and foster innovation in food processing automation.

Anchorage Digital has successfully closed a $350 million Series D funding round, led by KKR, valuing the company at over $3 billion. The investment aims to expand Anchorage's infrastructure and services as institutional demand for crypto rises. Notable participants in the funding include Goldman Sachs and PayPal Ventures. Anchorage Digital, the first crypto-native company awarded a banking charter, plans to use the funds to enhance its product offerings and grow its team. This round marks KKR's inaugural investment in a digital asset company.

KKR has acquired a 1.5 million square foot industrial distribution campus in Allentown, Pennsylvania, from GLP Capital Partners. The property, completed in 2019 and 2020, is fully leased to a quality tenant on a long-term basis. This acquisition enhances KKR's industrial real estate presence in Pennsylvania to over three million square feet. The location offers strategic access to major East Coast cities, supporting KKR's focus on high-demand distribution centers. KKR's real estate assets under management have grown to approximately $36 billion across the U.S., Europe, and Asia.

KKR has acquired Two Drydock from Skanska, with Synergy Investments partnering in the investment. This 13-story, 235,000-square-foot office building in Boston features ground-floor retail, parking, and outdoor space. The acquisition aims to strengthen KKR's portfolio in the Boston Seaport, a hub for technology and life sciences. The building is well-positioned for tenant demand, underlining KKR's commitment to high-quality real estate investments.

GreenCollar has announced a new partnership with the Ontario Teachers’ Pension Plan Board, enhancing its growth potential and commitment to environmental impact. This investment positions Ontario Teachers’ alongside KKR as a significant shareholder. Ontario Teachers’ manages approximately $227.7 billion in net assets and aims for net zero greenhouse gas emissions by 2050. GreenCollar focuses on environmental markets, enhancing its capabilities through recent acquisitions and partnerships, including projects in Australia and abroad to promote carbon farming and biodiversity.

KKR has launched Stellar Renewable Power, a platform aimed at developing and managing utility-scale solar energy projects. The initiative will focus on sourcing and acquiring early-stage solar assets and growing through greenfield development. Led by renewable energy expert Vijay Venkatachalam, who has experience in developing nearly seven gigawatts of solar capacity, Stellar plans to open offices in India and Dallas, Texas. Funding will be sourced from KKR's insurance accounts. KKR has invested over $5 billion globally in 49 Asset-Based Finance projects since 2016.