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Stock Market & Financial Investment News

News Breaks
February 14, 2013
05:55 EDTKKR, KKRKKR & Co. management to meet with Sandler O'Neill
Meetings to be held in New York/Baltimore/Philadelphia on February 20 hosted by Sandler O'Neill.
News For KKR From The Last 14 Days
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August 4, 2015
06:33 EDTKKROnly 5% of 2015 M&A deals through August 3 were private-equity backed, WSJ says
Only 5% of the $2.6T in M&A deals announced this year as of August 3 were backed by private equity firms, the Wall Street Journal reports. Private-equity firms such as Blackstone (BX), KKR (KKR), and Carlyle Group (CG) were a part of multi-billion dollar acquisitions, but often in teams, the report says. At the peak of their market share, private-equity deals made up 19% of all announced transactions in 2006 in terms of value, the report says. Reference Link
July 31, 2015
07:10 EDTKKRJBF confirms $150M investment from KKR
JBF Industries has signed a definitive agreement with KKR under which KKR will invest $150M into JBF Group. A portion of the proceeds will be used by KKR to acquire a 20% stake in JBF, listed on the BSE Ltd. and National Stock Exchange of India. The remaining proceeds will be invested into zero-coupon convertible preference shares with 14.5% voting rights in JBF Global Pte. Limited, Singapore, an unlisted subsidiary. KKR will primarily make its investment from the KKR Special Situations Fund II. The transaction is subject to customary closing conditions, including the receipt of shareholder approval and regulatory approvals from competition authorities. Further details of the transactions were not disclosed.
July 30, 2015
18:37 EDTKKRKKR to invest $150M in JBF Industries, FT says
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06:25 EDTKKRSamson Resources plans to file for bankruptcy protection, NY Post reports
Samson Resources plans to file for bankruptcy protection "within days," the New York Post reports. KKR (KKR) is slated to lose its approximately $2B investment in the firm, the report says. Cerberus Capital Management, Silver Point Capital, and Credit Suisse (CS) are among the second-lien lenders that hold roughly $1B in debt and will take over Samson in exchange for their loans as part of a prepackaged bankruptcy, the report says. Reference Link
July 24, 2015
09:55 EDTKKRKKR enters bidding process for NCR, CNBC's Faber reports
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July 23, 2015
07:08 EDTKKRKKR reports Q2 adjusted ENI 88c, consensus 62c
Reports Q2 revenue $255.87M, consensus $253.91M. Book value was $10.9B on a total reportable segment basis, or $12.77 per adjusted unit. Assets under management and fee paying assets under management totaled $101.6B and $83.7B, respectively, as of June 30, 2015. Return on equity and cash return on equity were 16.6% and 17.1%, respectively.
05:30 EDTKKRKKR, Borealis Maritime JV acquires Hanseatic Ship Asset Management
KKR and Borealis Maritime announced the $254.5M acquisition of Hanseatic Ship Asset Management GmbH, a 100% owned subsidiary of Commerzbank AG controlling a modern fleet of 18 container and dry cargo vessels, through a joint venture vehicle established by the two firms. Embarcadero Maritime III, a joint venture formed by KKR and Borealis Maritime to invest in distressed shipping assets, will acquire HSAM with all its assets. Following this purchase, investment vehicles established by KKR and Borealis will jointly operate a fleet of over 50 vessels in the container, chemical, product and LPG sectors. To date, KKR and Borealis have deployed over $600M into vessel acquisitions and continue to pursue additional transactions opportunistically.
July 21, 2015
10:14 EDTKKRHigh option volume stocks:
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05:49 EDTKKRKKR files paperwork for an IPO of First Data, Financial Times reports
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05:37 EDTKKRKKR acquires 80% stake in Gestamp Solar
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