U.S. fund KKR has signed an agreement with Italy's Eni to buy an additional 5% stake in Eni's biofuel business Enilive for 587.5 million euros ($614.17 million), bringing its total stake to 30%, the energy group said on Tuesday.
British healthcare real estate investment trust Assura has rejected a 1.56 billion pound ($1.96 billion) proposal from KKR and pension fund Universities Superannuation Scheme, the U.S.-based private equity group said on Monday.
U.S. private equity firm Bain Capital said on Monday it will not launch a tender offer for Fuji Soft , formally ending a takeover battle with rival KKR for the Japanese IT company.
Australia's Perpetual Ltd on Monday confirmed it received an indicative buyout offer from KKR & Co though the latest revised proposal and its quantum were not accurately described in the media.
British healthcare real estate investment trust Assura said on Friday it had received a preliminary approach from KKR and UK-based pension fund Universities Superannuation Scheme.
KKR reported Q4 and full-year 2024 with higher-than-expected adjusted EPS of $1.32 but saw a stock drop due to disappointing fee-paying AUM. Management is optimistic for 2025, expecting more exits and deployment opportunities despite potential volatility in the investment environment. KKR's stock is a "buy" due to strong fee-related earnings growth, attractive valuation, and diversified strategies. Coupled with a slight share price dip.
FSK is undervalued, trading at a discount to NAV, with strong NII and a high distribution yield, making it an attractive investment. FSK's portfolio is well-diversified, with 67% senior secured investments and 88.5% floating rate debt, protecting against interest rate changes. FSK is positioned to benefit from expected market conditions in 2025, with opportunities for increased originations and improved credit metrics.
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KKR & Co. Inc. (NYSE:KKR ) Q4 2024 Earnings Conference Call February 4, 2025 10:00 AM ET Company Participants Craig Larson - Partner and Head of IR Scott Nuttall - Co-Chief Executive Officer Robert Lewin - Chief Financial Officer Conference Call Participants Craig Siegenthaler - Bank of America Benjamin Budish - Barclays Alexander Blostein - Goldman Sachs Bill Katz - TD Cowen Glenn Schorr - Evercore ISI Dan Fannon - Jefferies Michael Cyprys - Morgan Stanley Steven Chubak - Wolfe Research Mike Brown - Wells Fargo Vikram Gandhi - HSBC Chris Kotowski - Oppenheimer & Company Patrick Davitt - Autonomous Research Operator Ladies and gentlemen, thank you for standing by. Welcome to KKR's Fourth Quarter 2024 Earnings Conference Call.
KKR & Co's Q4 results benefit from a rise in fee-related earnings and AUM balance. However, a rise in expenses remains a concern.
Global investment firm KKR (KKR -7.81%) reported fourth-quarter and full-year 2024 earnings on Tuesday, Feb 4, that topped analysts' consensus estimates. The firm reported an adjusted earnings per share (EPS) of $1.32, beating the estimate of $1.28.
Although the revenue and EPS for KKR & Co. (KKR) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.