KKR & Co. Inc. - KKR STOCK NEWS

Optiv Security has been recognized as the top pure-play security solutions integrator in CRN’s 2021 Solution Provider 500 for the fifth consecutive year. This annual ranking evaluates North America’s top integrators and service providers based on services revenue. David Martin, Optiv's chief services officer, credited the award to their commitment to helping clients navigate challenging cybersecurity landscapes. The CRN SP500 list is a standard for identifying top-performing technology integrators, enhancing Optiv's reputation in the cybersecurity market.

Cegid, a prominent provider of business management software, has announced that KKR will acquire a minority stake in the company, valuing it at €5.5 billion. Existing majority shareholder Silver Lake remains committed to supporting Cegid's growth strategy. Cegid, a SaaS pioneer since 2004, serves over 350,000 companies and 4.5 million users globally, boasting strong double-digit revenue growth since 2016. The deal is expected to close by the end of Q3, pending regulatory approvals.

Cloudera (NYSE: CLDR) has announced a definitive agreement to be acquired by affiliates of Clayton, Dubilier & Rice (CD&R) and KKR in an all-cash deal valued at approximately $5.3 billion. The transaction will take Cloudera private and is expected to close in the second half of 2021. Shareholders will receive $16.00 per share, reflecting a 24% premium over the stock's closing price on May 28, 2021. The Board unanimously approved the deal and recommends approval from shareholders, including support from entities holding 18% of shares.

The Executive Centre (TEC) announced a definitive agreement for acquisition by a consortium led by KKR and TIGA Investments. Founded in 1994, TEC is the leading provider of premium flexible office spaces across Asia Pacific, serving over 32,000 members in 150 centers. With an annual turnover exceeding US$237 million, KKR aims to leverage TEC's growth potential amidst evolving market needs. Current investors HPEF Capital Partners and CVC Capital Partners will exit, while TEC's management retains ownership. The transaction details remain undisclosed.

Silver Lake is set to make a minority investment in Exact, a prominent provider of business and accounting software in the Benelux region. This investment includes CEO Paul Ramakers and existing investor KKR, which maintains its majority stake. Founded in 1984, Exact serves over 9,900 accountants and 550,000 small businesses with its cloud-based solutions. The deal will conclude in Q3 2023, pending regulatory approval. KKR cites strong growth since its 2019 acquisition of Exact, and Silver Lake aims to leverage its expertise to further enhance Exact's expansion strategy.

EQuest Education Group, a major educational services provider in Vietnam, has received investment from KKR to support its expansion and mission of providing affordable access to quality education. EQuest educates over 110,000 students annually across diverse segments, including K-12 schools and digital learning. KKR's investment comes from its Global Impact Fund, focusing on companies that align with the United Nations Sustainable Development Goals, particularly Quality Education. EQuest aims to leverage this support to enhance its educational offerings and further its impact on Vietnam's workforce development.

KKR has announced a significant $55 million investment in eSSENTIAL Accessibility, the leading provider of Accessibility-as-a-Service. This investment aims to enhance eA's digital accessibility platform, addressing the growing demand for online solutions that meet the needs of individuals with disabilities. With over 1.7 billion websites globally, many remain inaccessible, increasing litigation risks under the ADA. eA's comprehensive platform enables organizations to achieve compliance with regulatory standards while improving user experience for over one billion disabled individuals worldwide.

Optiv Security has launched its inaugural Source Zero Con from May 25-27, 2021, aimed at helping future leaders in cybersecurity operationalize security programs. This free virtual event will provide attendees with educational sessions on various security topics, including EDR, mobile device management, and IoT challenges. Participants can earn CPE credits and engage with industry leaders from companies like AppOmni and Palo Alto Networks. The conference seeks to enhance collaboration and innovation in the cybersecurity sector through technical discussions and workshops.

KKR & Co. Inc. (NYSE: KKR) announced that Scott C. Nuttall, Co-President and Co-Chief Operating Officer, will present at the Bernstein Strategic Decisions Conference 2021 on June 2, 2021, at 3:30 PM ET. A live webcast of the presentation will be available on KKR’s Investor Center website. For those unable to attend live, a replay will be accessible shortly after the event. KKR is a global investment firm focused on alternative asset management and insurance solutions.