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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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April 20, 2015
08:37 EDTKKRKKR, Anchor Equity to acquire controlling stake in Groupon's Ticket Monster
Private equity investor Anchor Equity Partners and global investment firm KKR (KKR) have signed a definitive agreement to acquire a controlling stake in leading South Korean mobile commerce company Ticket Monster from Groupon (GRPN). Anchor and KKR, in conjunction with TMON’s management, will jointly acquire a controlling stake in TMON and will inject new capital into the company to help fund its future growth opportunities. Anchor and KKR will hold equal stakes in the company. Some of the world’s largest pension, sovereign wealth funds and institutional investors, including the Canada Pension Plan Investment Board and Pavilion Capital, will also be participating as investors in this transaction. Groupon, which acquired TMON in January 2014, will retain a fully diluted 41% minority stake in the company. The investment is based on a $782M fully diluted valuation of TMON. KKR and Anchor will work closely with TMON’s co-founder and CEO Dan Shin and the management team to grow the business. The transaction is expected to close in the second quarter of 2015, subject to regulatory and customary closing conditions.
08:33 EDTKKRGroupon agees to sell 46% stake in Ticket Monster to KKR for $360M
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April 16, 2015
08:03 EDTKKRKKR closes $1.34B direct lending fund
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April 14, 2015
13:02 EDTKKRFly Watch: Analyst expects strong Q1 results from private equity firms
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10:00 EDTKKRGroupon core business still key to valuation, says Piper Jaffray
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08:27 EDTKKRPrivate equity business model strong, results likely strong, says Oppenheimer
Oppenheimer's analyst says that private equity's business model is the best one he has seen in 30 years of following financial stocks. The firm expects most of the companies in the sector to report strong Q1 results, and predicts that investors will gain confidence in the sustainability of private equity firms' businesses. Oppenheimer identifies Crane (CR) and KKR (KKR) as its favorite names in the sector.
08:04 EDTKKRKKR names Luis Tellez as senior advisor
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07:00 EDTKKRKKR investor consortium close to deal to buy stake in Ticket Monster, WSJ says
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April 9, 2015
18:11 EDTKKRUniCredit, KKR, Intesa to pool together restructured loans, Reuters says
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April 8, 2015
08:58 EDTKKRKKR to surrender part of Maxeda, seeks $217M writeoff, Bloomberg says
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