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FS KKR Is Selling $400 Million Bonds in Rare Junk-Rated BDC Deal

The KKR & Co. logo on a smartphone arranged in the Brooklyn borough of New York, US, on Wednesday, July 12, 2023. KKR & Co. is exploring options for its majority stake in a commercial lighting manufacturer in China including a potential sale, according to people familiar with the matter. Gabby Jones/Bloomberg

Bloomberg Markets 9d ago

DCC Inclined to Accept New £5.7 Billion Bid From KKR and ECP

Deals DCC Inclined to Accept New £5.7 Billion Bid From KKR and ECP DCC Plc said it was prepared to accept an improved offer from buyout firms KKR & Co. and Energy Capital Partners, which valued the firm at about £5.7 billion ($7.6 billion). The new offer of about £66.72, including a dividend, represents a 33% premium to DCC’s share price before the company first announced an approach from the private equity group. Buyers have paid a roughly 35% premium on average for UK-listed companies this...

Bloomberg Markets 4h ago

KKR’s Agrawal Says Market May Be Underestimating AI Power Needs

Investing KKR’s Agrawal Says Market May Be Underestimating AI Power Needs AI’s furious pace of growth means power demands could be much higher than people realize, according to KKR & Co.’s Raj Agrawal. “The average iPhone user today uses about 500 times more data than the average BlackBerry user used,” Agrawal, KKR’s head of real assets, said Wednesday at a financial conference hosted by Morgan Stanley. “We are so early in how we are using AI as companies.

Bloomberg Technology 3h ago

Fuji Media’s Real Estate Unit Attracts 1 Trillion Yen Bids

Fuji Media Holdings Inc. has received stronger-than-expected interest in its real estate subsidiary, attracting bidders including KKR & Co., Blackstone Inc. and Goldman Sachs Group Inc., people familiar with the matter said.

Bloomberg Markets 6d ago

Unapologetically Shreyas! The misunderstood leader who never gave up

A little over a year ago, Shreyas Iyer was radiating confidence when he settled into the chair to address the media ahead of the IPL 2024 final in Chennai. His slow walk, cap dropping below his eyeline, and his favourite Guns N’ Roses track playing on his phone. The yellow sneakers shone as brightly as the pair of solitaires in his ears and the impromptu 'See You Again' (song by Wiz Khalifa) greeting to his opposite number Pat Cummins eased the room before everyone got down to business.

Times of India 4d ago