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Stock Market & Financial Investment News

News Breaks
August 18, 2014
06:06 EDTKKRKKR, Abacus to acquire 70% of World Trade Center, Melbourne
Abacus Property Group and KKR have entered into definitive transaction documents to acquire a 70% interest in Towers 2, 3 and 4 of the World Trade Center, Melbourne. The vendor, Asset 1 WTC, will retain a 30% co-ownership interest. The total consideration for the acquisition of the 70% interest is $120.4M, excluding transaction costs, and represents an initial yield of 9.3% per annum. The property is a part of the Northbank precinct adjacent to the central business district. Under the terms of the venture, KKR will fund 75% of the equity and Abacus will fund the remaining 25%. Abacus will provide local property, asset and development management services to WTC. The transaction is subject to FIRB approval and finalisation of the senior bank facility, which is well advanced. Settlement is anticipated to occur in October this year. Reference Link
News For KKR From The Last 14 Days
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November 30, 2015
06:03 EDTKKRBlackstone-led group to buy Armacell from Charterhouse, Reuters reports
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November 29, 2015
19:51 EDTKKRKKR enters agreement to become controlling shareholder in Webhelp
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November 25, 2015
09:03 EDTKKRGE completes sale of consumer finance business in Australia, New Zealand
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November 22, 2015
19:03 EDTKKRCVC, Canadian Pension to acquire Petco for $4.7B, Bloomberg says
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November 19, 2015
06:49 EDTKKRCiti closes out long KKR, short Och-Ziff pair trade
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November 18, 2015
16:24 EDTKKRBlackstone, Carlyle, KKR potential buyers of Armacell, Reuters says
Britain's Charterhouse has established a Friday deadline for bids on its insulation materials company Armacell, which may be valued at up to $1.06B, reports Reuters, citing sources. The business has attracted interest from private equity firms, with Blackstone (BX), Carlyle (CG), and KKR (KKR) "cited as potential buyers," according to the report. Reference Link
November 17, 2015
07:48 EDTKKRBofa/Merrill to hold a conference
Banking & Financial Services Conference 2015 is being held in New York on November 17-18.
05:21 EDTKKRKKR invests in Avendus Capital
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