KKR & Co. Inc. - KKR STOCK NEWS

Beacon Pointe Advisors has entered into a definitive agreement with KKR, a global investment firm, for a significant investment aimed at enhancing growth and expansion. KKR's investment will empower Beacon Pointe to pursue national growth through new offices and acquisitions while maintaining its brand and culture. The firm, which possesses over $20 billion in assets under management, has recently seen growth of $10 billion in assets and nearly doubled its staff in 18 months. The deal is expected to close by year-end, subject to customary conditions.

CyrusOne Inc. has entered into a definitive agreement for KKR and Global Infrastructure Partners to acquire all outstanding shares for $90.50 per share, totaling approximately $15 billion. This price reflects a 25% premium over the stock's closing value on September 27, 2021. The transaction, expected to close in Q2 2022, will make CyrusOne a privately held company. The board approved the merger, which aims to enhance CyrusOne's global expansion capabilities.

KKR has acquired two multi-tenant industrial buildings totaling approximately 154,000 square feet in Phoenix, Arizona, increasing its industrial real estate holdings in the area to nearly 2.5 million square feet. The buildings, completed in 1997 and fully leased, offer direct access to downtown Phoenix. This acquisition was made through the KKR Real Estate Partners Americas III fund, part of KKR's strategy to expand its footprint in major metropolitan areas. KKR's real estate assets under management have reached approximately $36 billion globally.

KKR and Gulf Bay Group have finalized the sale of all condominium units in Mystique at Pelican Bay, totaling approximately $500 million. The joint venture, initiated in 2015, successfully developed the 81-unit luxury condo tower, completed in 2019. KKR's real estate strategies have invested $1.8 billion across various property types in Florida, part of its larger Sun Belt investment strategy. KKR’s real estate assets under management have grown to around $36 billion globally as of September 30, 2021.

KKR has appointed K.V. Kamath as Senior Advisor in India, effective immediately. With over five decades in financial services, Kamath has held leadership roles at the New Development Bank and ICICI Bank. He aims to leverage his extensive experience to enhance KKR's impact on Indian businesses. KKR has invested approximately US$7 billion in various sectors, including private equity and infrastructure, demonstrating a strong commitment to India's growth.

KKR has successfully acquired the Mercedes-Benz Parts Distribution Center in Anseong, South Korea, and two warehouses in Columbus, Ohio, marking its first international investment. These acquisitions total approximately 1.4 million square feet of industrial space, enhancing KKR Real Estate Select Trust Inc.'s (KREST) portfolio to over 4 million square feet. The Mercedes-Benz facility is strategically located, while the Columbus properties are fully leased to high-quality tenants. KREST's total property acquisitions now stand at over $1.7 billion.

KKR has announced its first infrastructure investment in Japan by signing agreements to acquire Central Tank Terminal (CTT) from Macquarie Infrastructure and Real Assets. This strategic acquisition aims to strengthen CTT's position as Japan’s largest independent chemical storage tank operator, with over 300,000 cubic meters of capacity across seven terminals. The investment is expected to facilitate operational improvements and future growth opportunities, particularly through bolt-on acquisitions. The transaction is anticipated to close by Q4 2021, pending regulatory approvals.

KKR has acquired KRW2.4 trillion (approximately US$2 billion) in newly issued convertible preferred shares from South Korea's SK E&S. This investment enables KKR to potentially convert shares into common stock while supporting SK E&S's transition to a global clean energy provider. SK E&S aims to develop 2.5GW of renewable energy assets. KKR views this as a key part of its Asia Pacific infrastructure strategy, emphasizing energy transition and digital transformation as growth drivers within the region.

KKR Income Opportunities Fund (NYSE: KIO) will hold an investor update call on November 10th, 2021, at 3:30 PM ET. Hosted by Terry Ing and Aaron Dalrymple, the call will provide updates on market conditions and the Fund's third quarter portfolio. Investors can access the call at 866-519-2796 with passcode 630243, and a replay will be available on the Fund's website post-call. The Fund seeks high current income and capital appreciation through diversified investments in secured and unsecured loans and high-yield corporate debt.