Last $22.48 USD
Change Today +0.12 / 0.54%
Volume 2.3M
KKR On Other Exchanges
Symbol
Exchange
New York
Munich
As of 8:04 PM 12/18/14 All times are local (Market data is delayed by at least 15 minutes).

kkr & co lp (KKR) Snapshot

Open
$22.56
Previous Close
$22.36
Day High
$22.70
Day Low
$22.35
52 Week High
01/22/14 - $26.50
52 Week Low
10/15/14 - $18.84
Market Cap
18.2B
Average Volume 10 Days
3.0M
EPS TTM
$3.02
Shares Outstanding
428.6M
EX-Date
10/30/14
P/E TM
7.4x
Dividend
$1.80
Dividend Yield
9.03%
Current Stock Chart for KKR & CO LP (KKR)

kkr & co lp (KKR) Details

KKR & Co. L.P. is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, and middle market investments. The firm considers investments in all industries with a focus on technology and hardware, energy and infrastructure, real estate, services industry with a focus on business services, intelligence, industry-leading franchises and companies in natural resource, containers and packaging, agriculture, airports, ports, forestry, electric utilities, textiles, apparel and luxury goods, household durables, digital media, insurance, brokerage houses, non-durable goods distribution, supermarket retailing, grocery stores, food, beverage, and tobacco, hospitals, entertainment venues and production companies, publishing, printing services, capital goods, financial services, specialized finance, pipelines, and renewable energy. In energy and infrastructure, it focuses on the Upstream Oil and Gas and Equipment and Services verticals. In real estate, the firm seeks to invest in private and public real estate securities including property-level equity, debt and special situations transactions and businesses with significant real estate holdings, and oil and natural gas properties. The firm also invests in asset services sector that encompasses a broad array of B2B, B2C and B2G services verticals including asset-based, transport, logistics, leisure/hospitality, resource and utility support, infra-like, mission-critical, and environmental services. Within Americas, the firm prefers to invest in consumer products; chemicals, metals and mining; energy and natural resources; financial services; healthcare; industrials; media and communications; retail; and technology. Within Europe, the firm invests in consumer and retail; energy; financial services; health care; industrials and chemicals; media and digital; and telecom and technologies. Within Asia, it invests in consumer products; energy and resources; financial services; healthcare; industrials; logistics; media and telecom; retail; real estate; and technology. The firm seeks to invest in mid to high-end residential developments, but can invest in other projects throughout Mainland China through outright ownership, joint ventures, and merger. It invests globally with a focus on Australia, emerging and developed Asia, Middle East and Africa, Nordic, Southeast Asia, Asia Pacific, Ireland, Hong Kong, Japan, Taiwan, India, Vietnam, Indonesia, France, Germany, Netherlands, United Kingdom, Caribbean, Mexico, South America, North America, Brazil, Latin America, Korea, and United States of America. In the United States and Europe, the firm focuses on buyouts of large, publicly traded companies. It seeks to invest $30 million to $717 million in companies with enterprise values between $597 million to $2389 million. The firm prefers to invest in a range of debt and public equity investing and may co-invest. It seeks a board seat in its portfolio companies and a controlling ownership of a company or a strategic minority positions. The firm may acquire minority equity interests, particularly when making private equity investments in Asia or sponsoring investments as part of a large investor consortium. The firm typically holds its investment for a period of five to seven years and more and exits through initial public offerings, secondary offerings, and sales to strategic buyers. KKR & Co. L.P. was founded in 1976 and is based in New York, New York with additional offices across North America, Europe, Australia, and Asia.

993 Employees
Last Reported Date: 02/24/14
Founded in 1976

kkr & co lp (KKR) Top Compensated Officers

Co-Founder, Co-Chief Executive Officer, Co-Ch...
Total Annual Compensation: $300.0K
Co-Founder, Co-Chief Executive Officer, Co-Ch...
Total Annual Compensation: $300.0K
Chief Financial Officer, Member, Member of Ba...
Total Annual Compensation: $2.6M
Member, Global Chief Administrative Officer, ...
Total Annual Compensation: $4.3M
General Counsel of KKR Management LLC and Sec...
Total Annual Compensation: $2.5M
Compensation as of Fiscal Year 2013.

kkr & co lp (KKR) Key Developments

FlexiGroup, Varde And KKR Bids For GE Capital's Local Operations

FlexiGroup Limited (ASX:FXL), Värde Partners, Inc. and KKR & Co. L.P. (NYSE:KKR) joins race to acquire sales finance, credit cards and personal loans business of General Electric Capital Corporation, sources said. Indicative bids were submitted on December 12, 2014. FlexiGroup, Varde, and KKR are competing against consortium of TPG Capital, L.P., The Carlyle Group LP (NasdaqGS:CG), and The Blackstone Group L.P. (NYSE:BX) and Macquarie Group Limited (ASX:MQG) along with Pepper Australia Pty Ltd, Street Talk reported. Citi has reportedly been retained as advisor by FlexiGroup, Varde and KKR.

United Water and KKR Sign Utility Partnership with Borough of Middletown, PA

United Water together with KKR announced the signing a partnership with the Borough Authority of Middletown, PA for management and operations of the borough's water and wastewater system. The public-private partnership, a joint venture between United Water and KKR, will begin a 50-year water and wastewater concession in Middletown on January 1, 2015 - similar to the partnership the joint venture began with the Municipal Utilities Authority in Bayonne, NJ in December 2012. The concession will generate revenues of over $285 million during its 50 year life. Under the agreement, the joint venture has made an initial payment to the Middletown Borough Authority of $43 million, which will be used to eliminate the Authority's existing debt and pension liability as well as improve its finances. The joint venture has also committed to financing another $83 million for the system infrastructure improvements over the life of the contract. KKR, which made the investment through its infrastructure fund, will fund 90% of the joint venture with United Water funding the remaining 10%.

Pivovarna Lasko May Reportedly Be Sold; Potential Buyers To Carry Out Due Diligence

Pivovarna Lasko DD (LJSE:PILR) may be acquired. Delo reported that potential buyers are starting due diligence while existing owners have expressed an interest to engage in negotiations directly with them. Recapitalization of the company through a capital hike of at least €75 million has attracted Heineken NV (ENXTAM:HEIA), Carlsberg A/S (CPSE:CARL B), KKR & Co. L.P. (NYSE:KKR), Mid Europa Partners LLP, CVC Capital Partners Limited, and Bain Capital, LLC. According to unofficial information, offers range from €8 to €27 per share. Pivovarna Lasko stated in a filing I October 2014 that the price will be the main selection criterion. On December 4, 2014, it added that it has received formal notification that several of its shareholders have formed a consortium to sell a combined 44.68% of the company. An agreement among the consortium members includes an option to increase the size of the equity that is up for sale. Chief Executive Officer, Dusan Zorko said, “The Management Board welcomes the willingness of owners to engage in the recapitalization process of the brewery.” The consortium comprises the Bank Assets Management Company or DUTB, which will coordinate the sale on behalf of the sellers, Alpen Invest, funds managment company, LLC, Abanka Vipa, d.d., Kapitalska druzba pokojninskega in invalidskega zavarovanja, d. d., KD Skladi druzba za upravljanje, d.o.o., Nova Kreditna Banka Maribor d.d., and Zavarovalnica Triglav, d.d. (LJSE:ZVTG).

 

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Industry Analysis

KKR

Industry Average

Valuation KKR Industry Range
Price/Earnings 11.1x
Price/Sales 0.9x
Price/Book 1.7x
Price/Cash Flow 24.0x
TEV/Sales NM Not Meaningful
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