KKR & Co. Inc. - KKR STOCK NEWS

CyrusOne Inc. (NASDAQ: CONE) announced that its stockholders approved the merger with funds managed by KKR and Global Infrastructure Partners. The merger received 78.41% approval from common stock entitled to vote, with over 99.5% of votes cast in favor. Upon closing, shareholders will receive $90.50 per share in a transaction valued at approximately $15 billion, including debt. The merger is expected to close in Q2 2022, subject to customary conditions.

KKR has entered a definitive agreement to invest significantly in PlayOn! Sports, a leader in high school sports media and technology, alongside existing shareholder Panoramic Ventures. This partnership aims to enhance PlayOn’s offerings for high school athletes and their fans across the U.S. Approximately 8,000 high schools are currently engaged with this platform, which promotes revenue generation for participating institutions. The investment transaction is expected to close in Q1 2022, contingent on customary conditions.

KKR Income Opportunities Fund (NYSE: KIO) has announced monthly distributions of $0.105 per common share for February, March, and April 2022. The distributions equate to an annualized rate of 6.30% based on the IPO price of $20.00 and 8.07% based on the current price of $15.62. Important dates include ex-dates on February 10, March 10, and April 14, with payable dates at the end of each respective month. Investors should be aware that these distributions may not solely consist of net investment income.

Global Atlantic Financial Group has launched the Global Atlantic Foundation with a $10 million commitment, including a $1 million grant to the Accion Opportunity Fund (AOF). This initiative aims to enhance access to capital and support small businesses in under-invested communities, particularly in states where Global Atlantic operates. Allan Levine, CEO, emphasized community contribution as a core value. The foundation was proposed during Global Atlantic's acquisition by KKR in February 2021. AOF will use the grant to provide lending and business coaching, focusing on promoting entrepreneurship among historically underserved demographics.

KKR has appointed Todd Builione as the Global Head of Private Wealth, emphasizing its commitment to expanding access to alternative investment strategies for individual investors worldwide. This role includes overseeing KKR's private wealth distribution platform, enhancing relationships with financial advisors and institutions. KKR currently manages approximately $50 billion in private wealth assets, with aspirations for this to increase to 30-50% of annual fundraising in the coming years. The firm aims to make its investment strategies more accessible amid a growing trend towards alternatives.

KKR has announced a $45 million investment in GrowSari to lead its Series C funding round, aimed at expanding the B2B e-commerce platform's reach and financial services in the Philippines. GrowSari, operational since 2016, aids micro, small, and medium-sized enterprises (MSMEs), enhancing their service offerings and access to products. This move comes amid a reported 6.5x increase in gross merchandise value since 2019, showcasing the platform's growth potential, particularly as it aims for expansion into Visayas and Mindanao.

KKR & Co. Inc. (NYSE: KKR) will release its financial results for Q4 and the full year 2021 on February 8, 2022, before NYSE trading opens. A conference call will take place the same day at 10:00 a.m. ET, accessible via phone and webcast. Live broadcasts will be available later on KKR’s website. KKR is known for its alternative asset management and capital markets solutions, focusing on generating strong returns through a disciplined approach to investments.

Strategic Lease Partners (SLP), launched by KKR, closed six transactions in Q4 2021 worth $780 million. The platform targets $3 billion in net lease acquisitions, primarily from KKR's funds. Notable deals included a 20-property manufacturing portfolio leased to a global beverage company and a LEED Platinum office in Connecticut. The acquisitions total 5.4 million square feet with an average lease term of over 16 years. SLP focuses on enhancing value through sale-leaseback solutions across various industries.

KKR has acquired Merchants Mortgage Trust & Corporation (MMTC), specializing in short-term mortgage products for residential real estate investors. This investment, made through KKR's private credit funds, supports MMTC's growth and geographic expansion, enhancing its financing capabilities. MMTC, which originated over $500 million in loans in 2021, will retain its current management. The financial terms of the deal were not disclosed, but KKR aims to strengthen its Asset-Based Finance strategy by investing in MMTC's lending activities across growing U.S. markets.