KKR Is Said to Mull £7 Billion Sale of UK Waste Firm Viridor

(Bloomberg) -- KKR & Co. is exploring options for Viridor Ltd., including a potential sale that could value the UK waste management firm at as much as £7 billion ($8.5 billion) including debt, people familiar with the matter said.Most Read from BloombergWhat Robotaxis Brought San FranciscoA Blueprint for Better Bike LanesAmbitious High-Speed Rail Plans Advance in the Baltic RegionNYC Condo Owners May Bear Costs of Landmark Green Building LawNew York, San Francisco Ranked Worst for US Traffic in

Yahoo | January 10, 2025

KKR & Co (KKR) Stock Price Rallied 80% in 2024

Moon Capital Management, LLC, an investment management company, released its fourth quarter 2024 investor letter. A copy of the letter can be downloaded here. The majority of experts believed two years ago that a U.S. recession might be approaching within the next twelve months. Two years later, however, the economy has managed to escape contraction, […]

Yahoo | January 10, 2025

American Electric Power Sells 19.9% Stake In Two Transmission Assets For $2.82B: Details

American Electric Power Company Inc (NASDAQ:AEP) shares are trading higher in premarket Friday. The company announced that a 50/50 strategic partnership between KKR & Co Inc (NYSE:KKR) and PSP Investments has agreed to acquire 19.9% non-controlling equity interest in its Ohio and Indiana & Michigan Transmission Companies (Transcos) for $2.82 billion. The deal is expected to boost AEP’s ability to finance its $54 billion capital investment plan over the next five years. The partnership will also

Yahoo | January 10, 2025

KKR & Co. Inc. to Announce Fourth Quarter 2024 Results

NEW YORK, January 10, 2025--KKR & Co. Inc. (NYSE: KKR) announced today that it plans to release its financial results for the fourth quarter 2024 on Thursday, February 6, 2025, before the opening of trading on the New York Stock Exchange.

Yahoo | January 10, 2025

KKR extends second tender offer for Japanese software developer Fuji Soft

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KKR, PSP Investments Partner to Buy Stake in Two American Electric Power Companies

KKR is partnering with the Public Sector Pension Investment Board to buy a 19.9% interest in two units of American Electric Power for $2.82 billion.

Yahoo | January 9, 2025

Private Lenders Set to Take Over Alacrity in Debt Restructuring

(Bloomberg) -- Direct lenders including Antares Capital, Blue Owl Capital Inc and KKR & Co are preparing to take over insurance claims manager Alacrity Solutions, the latest restructuring in the private credit market, according to people with knowledge of the matter.Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeAmbitious High-Speed Rail Plans Advance in th

Yahoo | January 9, 2025

KKR and PSP Investments Acquire Minority Stake in Two American Electric Power Transmission Companies

NEW YORK, January 09, 2025--Today, investment funds managed by KKR, a leading global investment firm, and the Public Sector Pension Investment Board ("PSP Investments"), one of Canada’s largest pension investors, announced an agreement to acquire a 19.9% interest in American Electric Power’s ("AEP") Ohio and Indiana & Michigan transmission companies for $2.82 billion. Founded in 1906 and one of the largest electric utilities in the U.S., AEP has pioneered the country’s energy system through the

Yahoo | January 9, 2025

Private Equity Pull Back From Exotic and Controversial Liquidity Loans

(Bloomberg) -- For years, buyout firms used controversial loans backed by their equity stakes to juice up returns in their funds. After attracting criticism from some of the same investors the practice was supposed to benefit, they are hitting the brakes.Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building

Yahoo | January 9, 2025

U.S. Companies and Investors in Japan Are at Risk From U.S. Steel Backlash

The Biden administration’s blocking of Nippon Steel’s acquisition of U.S. Steel isn’t only misguided. It has also rattled Tokyo and risks straining relations with one of America’s closest allies in Asia. While conditions are superficially reminiscent of the trade frictions of four decades ago, Japan and the U.S. are now deeply enmeshed in each other’s economies, with new investment links flourishing even in the past few years.

Yahoo | January 9, 2025