Nordic Capital announces strategic passive minority investment by Ottawa Avenue Private Capital

Nordic Capital

 

Following a strong trajectory of growth, Nordic Capital announced today that Ottawa Avenue Private Capital (“OAPC”) has acquired a passive minority equity interest in the firm. The investment will strengthen Nordic Capital’s balance sheet, which will facilitate the firm to further invest in its business. The investment will also allow for development of the Nordic Capital organisation and platform.

OAPC is an investment advisory firm located in Grand Rapids, Michigan. It was formed to manage investments in private equity and other alternative asset classes. OAPC is an independent affiliate of RDV Corporation.

The investment by OAPC is a testament to Nordic Capital’s position as one of Northern Europe’s leading private equity investors, with a 30-year track record and continuous growth. Since raising its latest Fund of EUR 4.3 billion, Nordic Capital has made 11 growth-oriented platform investments and has also recently put further emphasis behind its successful North American Healthcare strategy by opening an advisory office in New York.

“We are excited to partner with a trusted long-term investor in this next phase of the firm’s growth. The partnership with OAPC will enable Nordic Capital to invest more in our business and continue to build and develop talents and our platform. We are proud to bring on OAPC as our partner to enable our continued growth, building on our long history for the years to come”, says Kristoffer Melinder, Managing Partner, Nordic Capital Advisors.

Nordic Capital was founded in 1989 and has grown to become a leading private equity investor in Northern Europe with a resolute commitment to creating stronger, sustainable businesses through transformative growth and operational improvement. Nordic Capital focuses on investments in selected regions and sectors where it has deep experience and a long history. Focus sectors are Healthcare, Technology & Payments, Financial Services and the firm also selectively invests in Industrial & Business Services and Consumer. Key investment regions are countries across Northern Europe and the firm also invests in Healthcare in North America. Since inception, Nordic Capital has invested more than EUR 14 billion in over 100 investments and has today around EUR 13 billion of assets under management.

The financial details and other terms of the transaction will not be disclosed.

Nordic Capital was advised by Evercore and Kirkland & Ellis LLP.

Press contact:

Nordic Capital
Katarina Janerud, Communications Manager
Adviser to Nordic Capitals Funds
Tel: +46 8 440 50 50
e-mail: katarina.janerud@nordiccapital.com

About OAPC

Ottawa Avenue Private Capital, LLC (OAPC) is an investment advisory firm located in Grand Rapids, Michigan. It was formed in 2015 to manage investments in private equity and other alternative asset classes. OAPC is an independent affiliate of RDV Corporation.

About Nordic Capital

Nordic Capital is a leading private equity investor with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a long history. Core sectors are Healthcare, Technology & Payments, Financial Services and in addition, Industrial & Business Services and Consumer. Key regions are the Northern Europe and globally for Healthcare. Since inception in 1989, Nordic Capital has invested more than EUR 14 billion in over 100 investments. The most recent fund is Nordic Capital Fund IX with EUR 4.3 billion in committed capital. The Nordic Capital vehicles are based in Jersey. They are advised by several advisory entities based in Sweden, Denmark, Finland, Norway, Germany, the UK and the US, any or all of which are referred to as Nordic Capital Advisors. For further information about Nordic Capital, please visit www.nordiccapital.com

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Ardian Co-Investment raises $2.5 billion for latest fund

Ardian

Paris, September 12, 2019. Ardian, a world leading private investment house, today announces it has raised $2.5 billion for its latest co-investment fund, Ardian Co-Investment Fund V.

The fund attracted more than 190 investors across Europe, the US and Asia, more than three times the size of Ardian Co-Investment’s previous investor base. It also doubles the $1.2 billion raised for Ardian’s fourth-generation fund in 2015.

In line with its established investment strategy, which has underpinned the top quartile performance of its recent funds, Ardian Co-Investment will target minority investments alongside top-tier GPs diversified by company size, sector and geography. Through Ardian Fund of Funds, Ardian Co-Investment has access to more than 600 GPs around the world. This unique network provides Ardian Co-Investment with an exceptional deal pipeline.

Investors in the fund comprise major pension funds, insurance companies, HNWIs, endowments and foundations, and financial institutions, with particular growth among pension funds and HNWIs. Around half of the investors in the fund were new to Ardian, while a significant portion was also completely new to co-investment funds.

Benoît Verbrugghe, Member of the Executive Committee of Ardian, said: “As well as highlighting our strong position in co-investment, this latest fundraise shows how co-investment can act as a gateway to Ardian and its broader offer. Ardian Co-Investment combines direct investment expertise with the exceptional GP relationships from fund of funds, and with Ardian’s overarching approach of loyalty and excellence to investors. This fund is an excellent achievement.”

A burgeoning co-investment market

The strategy for this latest co-investment fund focused on significantly expanding Ardian’s investor base. This was driven by increased market recognition of co-investment and how it allows a broader investment allocation strategy. The size of Ardian’s fund highlights this growing appetite, as investors increasingly seek diversified and stable returns.

Of the 194 total investors in the fund, 153 were new to Ardian Co-Investment and 92 were new to Ardian. Many were completely new to co-investment as an asset class, attracted by the low-risk, diversified entry into opportunities presented by quality LBO funds.

Alexandre Motte, Head of Co-Investment and Patrick Kocsi, Senior Advisor, added: “We are witnessing a major shift in appetite for co-investment. A significant number of investors in this fund are completely new to this kind of investment activity. While this reflects our strong track record, it also underlines the increased attraction of co-investment during times of economic and political uncertainty. The combination of our investment expertise and unparalleled access to deals means we are exceptionally placed to provide investors with the kind of diversification and returns they are seeking.”

The fund is already around 30% invested through 20 transactions. These include co-investments in Alvest, a leading manufacturer in the aviation industry, alongside CDPQ and Zayo, a provider of fiber infrastructure, alongside EQT Partners.

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$96bn managed or advised in Europe, the Americas and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base.

Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world.

Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 620 employees working from fifteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo and Seoul). It manages funds on behalf of more than 970 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.

PRESS CONTACTS

HEADLAND

TOM JAMES

tjames@headlandconsultancy.com
Tel: +44 (0)203 805 4840
CARL LEIJONHUFVUD
cleijonhufvud@headlandconsultancy.com
Tel: +44 (0)20 3805 4827

 

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Onex Partners and BPEA Announce Secondary Offering of Clarivate Analytics –

Onex

Toronto, Canada, Hong Kong, China, September 6, 2019 – Onex Corporation (“Onex”) (TSX: ONEX), Baring Private Equity Asia (“BPEA”) and their affiliated funds, along with certain other shareholders (together the “Group”), today announced the sale of 34.5 million ordinary shares of Clarivate Analytics plc (“Clarivate”) (NYSE: CCC; CCC.WS) at an offering price of$16.00 per share. The underwriters were granted a 30-day option to purchase up to 5.175 million additional ordinary shares from the Group. Clarivate is a global leader in providing trusted insights and analytics to accelerate the pace of innovation.

At the offering price and before the underwriters’ option, gross proceeds to the Group will be approximately $552 million, of which Onex’ share will be approximately $144 million as a Limited Partner in Onex Partners IV and as a co-investor. Onex, BPEA and their affiliated funds will continue to hold approximately 183.0 million ordinary shares of Clarivate, making it the largest shareholder with an interest of 60%. Onex will continue to hold approximately 49.8 million ordinary shares for a 16% interest.

The offering is expected to close on September 10, 2019, subject to customary closing conditions. A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on September 5, 2019. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Onex

Founded in 1984, Onex invests and manages capital on behalf of its shareholders, institutional investors and high net worth clients from around the world. Onex’ platforms include: Onex Partners, private equity funds focused on larger opportunities in North America and Europe; ONCAP, private equity funds focused on middle market and smaller opportunities in North America; Onex Credit, which manages primarily non-investment grade debt through collateralized loan obligations, private debt and other credit strategies; and Gluskin Sheff’s actively managed public equity and public credit funds. In total, Onex has approximately $39 billion of assets under management, of which approximately $6.9 billion is its own shareholder capital. With offices in Toronto, New York, New Jersey and London, Onex and its experienced management teams are collectively the largest investors across Onex’ platforms.

The Onex Partners and ONCAP businesses have assets of $53 billion, generate annual revenues of $31 billion and employ approximately 172,000 people worldwide. Onex shares trade on the Toronto Stock Exchange under the stock symbol ONEX.

For more information on Onex, visit its website at www.onex.com.

Onex’ security filings can also be accessed at www.sedar.com. About Baring Private Equity Asia (BPEA)Baring Private Equity Asia (BPEA) is one of the largest and most established private alternative investment firms in Asia, with total committed capital of over $18 billion. The firm runs a private equity investment program, sponsoring buyouts and providing growth capital to companies for expansion or acquisitions with a particular focus on the Asia Pacific region, as well as investing into companies globally that can benefit from further expansion into the Asia Pacific region. BPEA also manages dedicated funds focused on private real estate and private credit. The firm has a 22 year history and over 180 employees located across offices in Hong Kong, China, India, Indonesia, Japan, Singapore and Australia. BPEA currently has over 30 portfolio companies active across Asia with a total of 158,000 employees and revenues of approximately $31 billion. For more information, please visit www.bpeasia.com. Forward-Looking StatementsThis press release may contain, without limitation, statements concerning possible or assumedfuture operations, performance or results preceded by, followed by or that include words such as“believes”, “expects”, “potential”, “anticipates”, “estimates”, “intends”, “plans” and words ofsimilar connotation, which would constitute forward-looking statements. Forward-looking statements are not guarantees. The reader should not place undue reliance on forward-looking statements and information because they involve significant and diverse risks and uncertaintiesthat may cause actual operations, performance or results to be materially different from thoseindicated in these forward-looking statements. Except as may be required by Canadian securitieslaw, Onex is under no obligation to update any forward-looking statements contained hereinshould material facts change due to new information, future events or other factors. These cautionary statements expressly qualify all forward-looking statements in this press release.

For further information:

Onex Emilie BlouinDirector,

Investor Relations+1.416.362.7711

BPEA Richard Barton Newgate Communications

richard.barton@newgate.asiaor +852.9301.2056

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Investor AB supports intention to list EQT AB

Investor

2019-09-02 07:31

Today EQT has announced its intention to strengthen its balance sheet by listing EQT AB on Nasdaq Stockholm. Investor supports this decision.

Investor was one of the founders of EQT in 1994 and has since its inception been an important sponsor of EQT’s funds. EQT has grown considerably during these 25 years and is today a leading manager of private equity and infrastructure funds with a total of 19 active funds and EUR 40 billion in assets under management.

We support the intention to list EQT AB. A listing will provide further opportunities for EQT to grow and develop its successful business model built on industrial value creation. We will remain a long-term owner as we see attractive return potential”, says Johan Forssell, President and CEO of Investor.

Following EQT’s announcement of its intention to strengthen its balance sheet on September 10, 2018, Investor has participated in the restructuring of EQT AB. As a result of the restructuring, the relationship between Investor and EQT has been simplified.

Following the restructuring, EQT AB’s assets and revenues have increased and EQT AB is entitled to 100 percent of management fees and 35 percent of carried interest in future funds. In addition, Investor has increased its ownership from 19 to 23 percent. Investor will also have the option to invest up to 3 percent in future funds on a carry free basis and continue to be entitled to a certain share of carried interest in funds that Investor previously has invested in as sponsor. The previous sponsor agreement between EQT and Investor has been dissolved. It was a time-limited sponsor undertaking by Investor to invest in raised funds in exchange for a certain carried interest participation.

As EQT has communicated today, the ambition is to secure a free float in EQT AB of approximately 20 percent. In order to facilitate this, Investor will together with partners on a pro rata basis sell a limited share of its ownership in EQT AB in conjunction with the listing.

Investors’ engagement in EQT is long-term. The total engagement will remain a separate business area.

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Final close of CVC Strategic Opportunities II at €4.6 billion, surpassing its target

Latest fundraising continues the successful track record for the platform, with CVC Strategic Opportunities I having secured commitments of €3.9 billion

CVC Capital Partners is pleased to announce the final close of CVC Strategic Opportunities II (“SO II”) with total commitments of €4.6 billion, surpassing the target of €4 billion.

SO II’s global investor base, made up of sovereign wealth, public and private pension funds, financial institutions, foundations, endowments and family offices, diversifies the platform’s overall investor mix and reflects the growing appetite for this type of longer life vehicle.

The Strategic Opportunities platform invests in long-term capital appreciation opportunities across Western Europe and North America which fall outside CVC’s traditional private equity strategies. The platform seeks out stable opportunities with attractive risk-reward profiles which require a longer term outlook to unlock growth. Since 2016, €3.6 billion has been committed by the platform in seven opportunities, the latest of which, GEMS Education, the world’s largest provider of private K-12 education by revenue, was announced last week.

Lorne Somerville, Co-Head CVC Strategic Opportunities said: “We are delighted to have closed CVC Strategic Opportunities II. We continue to believe this is an attractive and growing market, a belief that is clearly shared by our investors, given the success of this capital raising with a closing well above the €4 billion target.”

Jan Reinier Voûte, Co-Head CVC Strategic Opportunities added: “The Strategic Opportunities platform invests in high-quality businesses with longer growth horizons. Often this is done in partnership with families or foundations who are seeking additional capital and support from CVC’s global investment platform to take their businesses to the next stage of development. SO II will allow us to continue to support great companies with these resources.”

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GP Bullhound Fund IV holds final close at EUR113m

Gp Bullhound

GP Bullhound Fund IV holds final close at EUR113m
GP Bullhound Fund IV holds its final close at EUR113 million, continuing its successful strategy of investing in some of the best technology entrepreneurs, with a focus on growth stage businesses in the Software, Entertainment, Marketplaces and Fintech sectors. Recent investments include Slack, Klarna, Tradeshift, Glovo and LendInvest.

In addition to independent deal sourcing, the fund benefits from a unique deal flow through GP Bullhound’s merchant bank organisation with 110 professionals across nine offices on three continents.

“We are passionate about backing great technology entrepreneurs and this oversubscribed final close allows us to commit more capital to the best of the best”, commented Per Roman, Co-Founder and Head of Asset Management at GP Bullhound, acting as exclusive investment advisors to the Fund.

Joakim Dal, Partner at GP Bullhound Asset Management and Ben Prade, Head of Investor Relations, added: ”We highly value the trust of our existing and new LPs, institutions, entrepreneurs and family offices. Leveraging GP Bullhound’s global network, industry intelligence and strategic knowledge, we continue on our mission to support and invest in extraordinary entrepreneurs.”

Enquiries
For enquiries, please contact:
Per Roman, Managing Partner, at per.roman@gpbullhound.com
Joakim Dal, Partner, at joakim.dal@gpbullhound.com
Ben Prade, Head of Investor Relations, at ben.prade@gpbullhound.com

About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester, Paris, Hong Kong, Madrid and New York. For more information, please visit www.gpbullhound.com.

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Auctus Capital Partners, H2 Equity Partners and Sherpa Capital create Optimum Alliance

Auctus

Optimum Alliance is a new network of high performing mid-market investors in Europe. The Alliance covers key European private equity markets and consists of partners with a proven track-record of value creation and facilitates accelerating European rollouts and privileged access to scarce resources in deal origination and transactions.

The objective of the Optimum Alliance is to create a platform of independent – high performing – firms that can share best-practises, investment experiences, cooperate on deal situations as and when appropriate and allow co-investment.

Portfolio companies of Optimum Alliance members benefit from “local access” to the extensive networks of the Alliance’ members. Many of our portfolio companies have extensive export operations or are looking to expand cross-border. Facilitating this and supporting our management teams has been one of the key drivers for the establishment of the Optimum Alliance.

As we strengthen our cooperation, we will look to gradually expand the Optimum Alliance with relevant new members – that do not compete with any of the existing members – and share our focus on our market segment and proven out-performance.

The founding partners of Optimum Alliance are:

  • Auctus Capital Partners – a German mid-market private equity firm focusing on buy & build investments in the DACH area
  • Sherpa Capital – a Madrid based mid-market private equity firm focusing on distressed and underperforming companies in Spain and Portugal
  • and H2 Equity Partners – a leading hands-on mid-market private equity firm focused on the UK, Ireland and the Benelux

The founding partners believe that there is a significant value add in creating the Optimum Alliance and are excited to build the alliance and remain at the forefront of high-return private equity investing.

For more information about the Optimum Alliance and its founding partners please refer to:
www.optimum-alliance.com
www.h2ep.co.uk
www.sherpacapital.es
www.auctus.com

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Onex Completes Acquisition of Gluskin Sheff

Onex

Toronto, June 3, 2019 – Onex Corporation (“Onex”) (TSX: ONEX) and Gluskin Sheff + Associates Inc. (“Gluskin Sheff”) (TSX: GS) today announced they have completed their transaction, under which Onex acquired 100% of Gluskin Sheff for a total consideration of approximately C$445 million ($330 million). This transaction brings together two of Canada’s pre-eminent investment firms and provides investors with a comprehensive investment offering across both private and public markets. Gluskin Sheff will continue to be led by its existing leadership team and operate under its brand. Gluskin Sheff will be de-listed from the Toronto Stock Exchange tomorrow.

About Onex

Founded in 1984, Onex invests and manages capital on behalf of its shareholders, institutional investors and high-net worth clients from around the world. Onex’ platforms include: Onex Partners, private equity funds focused on larger opportunities in North America and Europe; ONCAP, private equity funds focused on middle market and smaller opportunities in North America; Onex Credit, which manages primarily non-investment grade debt through collateralized loan obligations, private debt and other credit strategies; and Gluskin Sheff’s actively managed public equity and public credit funds. In total Onex’ assets under management today are approximately $37 billion, of which approximately $6.6 billion is shareholder capital. With offices in Toronto, New York, New Jersey and London, Onex and its experienced management teams are collectively the largest investors across Onex’ platforms.

The Onex Partners and ONCAP operating companies have assets of $51 billion, generate annual revenues of $31 billion and employ approximately 172,000 people worldwide. Onex shares trade on the Toronto Stock Exchange under the stock symbol ONEX.

For more information on Onex, visit its website at www.onex.com. Onex’ security filings can also be accessed at www.sedar.com.

2 Forward-Looking Statements

This press release may contain, without limitation, statements concerning possible or assumed future operations, performance or results preceded by, followed by or that include words such as “believes”, “expects”, “potential”, “anticipates”, “estimates”, “intends”, “plans” and words of similar connotation, which would constitute forward-looking statements. Forward-looking statements are not guarantees. The reader should not place undue reliance on forward-looking statements and information because they involve significant and diverse risks and uncertainties that may cause actual operations, performance or results to be materially different from those indicated in these forward-looking statements. Except as may be required by Canadian securities law, Onex is under no obligation to update any forward-looking statements contained herein should material facts change due to new information, future events or other factors. These cautionary statements expressly qualify all forward-looking statements in this press release.

For further information: Onex Emilie Blouin Director, Investor Relations Tel: +1 416.362.7711 Gluskin Sheff David R. Morris Chief Financial Officer and Secretary Tel: +1 416.681.6036

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Marlin Announces Strategic Minority Investment by Blackstone

Marlin

LOS ANGELES and LONDON, May 16, 2019 – Marlin Equity Partners, a global investment firm, today announced that Blackstone’s (NYSE: BX) Strategic Capital Group has made a passive, minority investment in the firm.

Blackstone’s Strategic Capital Group is part of Blackstone Alternative Asset Management (BAAM) and specializes in minority partnerships with leading alternative asset managers. This investment will allow Marlin to continue to invest in and further expand its global investment platform, strengthen the commitment to and alignment with its diversified investor base, and leverage the global resources and capabilities of Blackstone.

Since its inception in 2005, Marlin has rapidly grown to become a leading global investment firm with over $6.7 billion of capital under management and completed more than 140 transactions across its core targeted industries, including software, technology, healthcare IT, tech-enabled services and industrial technology.

“This investment by Blackstone further validates the best-in-class organization we have built and the true value proposition of our relationship-driven approach to investing,” said David McGovern, Founder and CEO of Marlin. “We are excited to welcome Blackstone as a strategic partner, and look forward to leveraging their expertise and extensive breadth of resources to continue to invest in and position our global platform for long-term success.”

“Marlin’s approach to investing places a heavy focus on partnering with management teams to support businesses, enhance operations and accelerate growth,” said Scott Soussa, Head of BAAM’s Strategic Capital Group. “This emphasis on long-term value creation across its underlying companies positions Marlin for continued success and we are excited to partner with them.”

Terms of the transaction were not disclosed.

Evercore acted as financial advisor to Marlin Equity. Kirkland & Ellis LLP served as legal counsel to Marlin Equity and Simpson Thacher & Bartlett served as legal counsel to Blackstone.

About Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $6.7 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthen a company’s outlook and enhance value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 140 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit www.marlinequity.com.

About Blackstone Alternative Asset Management
Blackstone Alternative Asset Management (BAAM®), Blackstone’s Hedge Fund Solutions platform, is the world’s largest discretionary investor in hedge funds, with approximately $80 billion in assets under management. BAAM manages a diversified set of businesses including a customized solutions business, a special situations platform, a hedge fund seeding business, an open-ended mutual fund platform and a business that purchases stakes in established alternative asset managers. In all of BAAM’s business lines, it carefully selects and partners with fund managers across a variety of asset classes and strategies to create solutions for its investors. Through its sharp focus on clients’ goals, a rigorous due-diligence process and access to Blackstone’s global insights, BAAM strives to generate attractive risk-adjusted returns across market cycles while preserving capital during stressed market environments.

Media Inquiries
Marlin Equity Partners
Peter Spasov
Phone: +1 310-364-0100
Email: pspasov@marlinequity.com

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KKR Prices €650,000,000 of Senior Notes

KKR

NEW YORK–(BUSINESS WIRE)–May 15, 2019– KKR & Co. Inc. (“KKR”) (NYSE:KKR) today announced that it has priced an offering of €650,000,000 aggregate principal amount of its 1.625% Senior Notes due 2029 (the “notes”) issued by KKR Group Finance Co.V LLC, its indirect subsidiary. The notes are to be fully and unconditionally guaranteed by KKR & Co. Inc. and its subsidiaries, KKR Management Holdings L.P., KKR Fund Holdings L.P. and KKR International Holdings L.P. KKR intends to use the net proceeds from the sale of the notes for general corporate purposes, including to fund potential acquisitions and investments in Europe.

The notes were offered to buyers outside the United States pursuant to Regulation S and to qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).

The notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws.

This press release shall not constitute an offer to sell or a solicitation of an offer to purchase the notes or any other securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This release contains certain forward-looking statements. Forward-looking statements relate to expectations, estimates, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. The forward-looking statements are based on KKR’s beliefs, assumptions and expectations, taking into account all information currently available to it. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to KKR or are within its control. If a change occurs, KKR’s business, financial condition, liquidity and results of operations, including but not limited to dividends, tax assets, tax liabilities, assets under management, fee paying assets under management, capital invested, syndicated capital, uncalled commitments, after-tax distributable earnings, fee related earnings, segment EBITDA, core interest expense, cash and short-term investments, book value, and return on equity may vary materially from those expressed in the forward-looking statements. The following factors, among others, could cause actual results to vary from the forward-looking statements: whether KKR realizes all or any of the anticipated benefits from converting to a corporation and the timing of realizing such benefits; whether there are increased or unforeseen costs associated with the conversion, including any adverse change in tax law; the volatility of the capital markets; failure to realize the benefits of or changes in KKR’s business strategies including the ability to realize the anticipated synergies from acquisitions, strategic partnerships or other transactions; availability, terms and deployment of capital; availability of qualified personnel and expense of recruiting and retaining such personnel; changes in the asset management industry, interest rates or the general economy; underperformance of KKR’s investments and decreased ability to raise funds; and the degree and nature of KKR’s competition. All forward-looking statements speak only as of the date hereof. KKR does not undertake any obligation to update any forward-looking statements to reflect circumstances or events that occur after the date on which such statements were made except as required by law. In addition, KKR’s business strategy is focused on the long-term and financial results are subject to significant volatility. Additional information about factors affecting KKR can be found in KKR & Co. Inc.’s Annual Report on Form 10-K for the fiscal year ended December 31, 2018, filed with the SEC on February 15, 2019, and other filings with the SEC, which are available at www.sec.gov.

Source: KKR & Co. Inc.

Investor Relations:
Craig Larson
Tel: +1 (877) 610-4910 (U.S.) / +1 (212) 230-9410
investor-relations@kkr.com

Media Contact:
Kristi Huller or Cara Major
Tel: + 1 (212) 750-8300
media@kkr.com

 

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