KKR & Co has agreed to buy a "significant" minority stake in Quick Quack Car Wash, the investment firm told Reuters on Tuesday and sources familiar with the deal said KKR would pay $850 million.
One index actually has money run against it.
KKR, CrowdStrike (CRWD) and GoDaddy (GDDY) will be added to the S&P 500 Index prior to the start of trading on Jun 24.
KKR (NYSE: KKR ) stock is up on Monday as investors prepare for the company to be added to the S&P 500 later this month. The S&P 500 is set to undergo its quarterly rebalance on June 21.
Shares of private equity firm KKR (KKR), cybersecurity company CrowdStrike Holdings (CRWD), and domain registrar GoDaddy (GDDY) advanced Monday on word they would be added to the S&P 500.
KKR's earnings grew by more than 20% in the first quarter. The company secured several new partnerships last month.
A coalition of investors, led by private-equity firms KKR and Global Infrastructure Partners, as well as the Indo-Pacific Partnership for Prosperity, has pledged to invest $25 billion in infrastructure in the Indo-Pacific region.
KKR & Co. (KKR) intends to enter Japan's private credit market in order to boost its presence and expand its offerings. This aligns with the company's organic growth strategy.
EU antitrust regulators gave unconditional approval on Thursday to U.S. investment firm KKR's 22-billion-euro ($24 billion) acquisition of Telecom Italia's (TIM) fixed-line network.
The private banking arm of Italian bank Mediobanca said it would start offering its wealthier clients a new, illiquid open-ended alternative fund set up by investment firm KKR.
U.S. investment firm KKR is expected to gain unconditional EU antitrust clearance to buy Telecom Italia's (TIM) fixed-line network after agreeing to keep commercial agreements with TIM rivals, people with direct knowledge of the matter said.