US healthcare company Cardinal Health has agreed to divest its Cordis medical devices business to private equity company Hellman & Friedman (H&F) for about $1 billion. Hellman & Friedman is being partnered by Ajax Health, a venture capital company, and Zeus Health, a KKR-backed medical device platform, in the transaction. Cordis is engaged in the […]
Global investment firm KKR has agreed to acquire a majority stake in Integrated Specialty Coverages (ISC), a multi-line insurance distributor that builds end-to-end insurance products using artificial intelligence (AI) engineering and data analytics. Sightway Capital, a private equity business owned by Two Sigma, is divesting its majority stake in the US-based insurtech company. However, Sightway […]
Walmart has agreed to sell a stake of 85% in Seiyu, a Japanese supermarket chain, to KKR and a subsidiary of Rakuten, for a combined price of over $1 billion. The US retailing giant will retain a stake of 15% in Seiyu. The deal value 100% of the Japanese supermarket business at ¥172.5 billion (approximately […]
Clayton, Dubilier & Rice (CD&R) has agreed to acquire Epicor Software, a Texas-based provider of industry-specific enterprise software to industrial-focused sectors, from KKR in a deal worth $4.7 billion. Epicor Software offers cloud-enabled services to over 20,000 customers across the world. Its flagship products are said to be curated for supporting complex, vertical-specific workflows and […]
KKR acquisition of Global Atlantic Financial : Private equity firm KKR & Co. has signed a deal worth around $4.4 billion to acquire US retirement and life insurance company Global Atlantic Financial Group, which claims to be one of the largest providers of fixed-rate and fixed indexed annuity providers in the US. Global Atlantic Financial […]
Borden Dairy, a US dairy processor, has been approved to be sold to Capitol Peak Partners and KKR for about $340 million through a court-supervised sale process. The Texas-based dairy company will come out of bankruptcy following its sale to the two firms. Capitol Peak will have majority ownership of the new dairy company, while […]
Indian conglomerate Reliance Industries has bagged further investment for its digital services platform Jio Platforms, this time from global investment firm KKR, which is chipping in with INR 113.67 billion ($1.5bn) for a stake of 2.32%. Jio Platforms retains an equity value of INR 4.91 trillion and an enterprise value of INR 5.16 trillion following […]
Commonwealth Bank of Australia (CBA) has signed a deal to sell a 55% stake in Australian wealth management group Colonial First State (CFS) to global investment firm KKR for about AUD 1.7 billion ($1.1 billion). Established in 1988, Colonial First State provides superannuation, investment, and retirement products to individuals and corporate and superannuation fund investors, […]
KKR acquisition of Riata Corporate Park : Global investment firm KKR has acquired Riata Corporate Park in Austin, Texas in a deal worth around $258 million, as per the latest real estate industry news. Riata Corporate Park comprises eight buildings in a space of 688,100 sft. The Class A office campus, which is located in […]
KKR and Alberta Investment Management Corporation (AIMCo) have agreed to acquire a 65% stake in the Coastal GasLink Pipeline Project, 670km long natural gas pipeline project in Canada, from TC Energy (formerly TransCanada). The Coastal GasLink Pipeline and associated facilities are estimated to cost CAD 6.6 billion. The pipeline, which will initially have a capacity […]