KKR & CO INC - CybAI news

16 Aug

EQT to Buy Online Property Firm PropertyGuru for $1.1 Billion

stp2y0 CommentsRAG modelsCAPITAL ASIA, EQT AB, KKR & CO INC, Malaysia, new york, Private Equity, PROPERTYGURU GROUP LTD, Singapore, Southeast Asia, Technology, TPG INC

EQT AB agreed to buy New York-listed PropertyGuru Group Ltd. in an all-cash deal valuing the online property search company at $1.1 billion.The agreement amounts to $6.70 per share — a 52% premium to PropertyGuru’s close on May 21, which the company said was the last unaffected day of trading before reports on a potential transaction, according to a statement on Friday. Bloomberg News reported at the time that KKR & Co. and TPG Inc., which together own about 56% of PropertyGuru, were working with an adviser to gauge interest from investors in a buyout. Source link lol

13 Aug

Telecom Italia to Get €250 Million in Inwit Stake Sale to Ardian

stp2y0 CommentsRAG modelsARDIAN SAS, Cash Flow, Debt, INFRASTRUTTURE WIRELESS ITAL, JULY SARL/CAEN, KKR & CO INC, Markets, Milan, Private Equity, Technology, TELECOM ITALIA SPA

Telecom Italia SpA sold its remaining stake in mobile tower operator Infrastrutture Wireless Italiane SpA, picking up the pace in its drive to de-leverage and boosting cash flow beyond its full-year guidance levels.The carrier sold its indirect holding of about 3% in the tower company known as Inwit to a group led by French private equity firm Ardian SAS, according to a statement Tuesday. The one-time phone monopoly said it will cash in approximately €250 million ($273 million) from the deal, confirming an earlier report by Bloomberg. Source link lol

07 Aug

WPP Sells $775 Million Stake in PR Firm FGS Global to KKR

stp2y0 CommentsRAG modelsadvertising, artificial intelligence, business, china, deals, Debt, environment, Government, KKR & CO INC, london, Mark Read, Technology, WPP PLC

WPP Plc agreed to sell its stake in communications consultancy FGS Global to KKR & Co Inc. for $775 million as the British advertising agency streamlines its business to make room for investments in newer technologies. The sale of the approximately 50% stake gives FGS Global an enterprise value of $1.7 billion, the company said in a statement on Wednesday. KKR will increase its stake in the company to about 80% from 30%. Source link lol

29 Jul

US IPO Market to Slow After Lineage, With Quiet Summer Ahead

stp2y0 CommentsRAG modelsAmericas, BARCLAYS PLC, Equity Capital Markets, IPOs, KKR & CO INC, labor, LINEAGE INC, Markets, media, NASDAQ INC, Software Company, Technology

The pricing of Lineage Inc.’s $4.4 billion first-time share sale helped make last week into the busiest for US initial public offerings in two and a half years. That excitement will be short-lived, according to bankers, who predict the rest of the summer will be more subdued.There was $6.1 billion worth of IPO activity in the US last week, according to data compiled by Bloomberg. Levels were boosted by temperature-controlled storage giant Lineage’s upsized offering and KKR & Co.-backed software company OneStream Inc.’s pricing above its marketed range to raise $490 million. Source link lol