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Last $23.90 USD
Change Today -0.14 / -0.58%
Volume 1.9M
KKR On Other Exchanges
Symbol
Exchange
New York
Munich
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

kkr & co lp (KKR) Snapshot

Open
$24.08
Previous Close
$24.04
Day High
$24.19
Day Low
$23.86
52 Week High
02/9/15 - $25.04
52 Week Low
10/15/14 - $18.84
Market Cap
19.7B
Average Volume 10 Days
2.8M
EPS TTM
$-5.43
Shares Outstanding
441.9M
EX-Date
07/30/15
P/E TM
--
Dividend
$1.68
Dividend Yield
7.03%
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.

1,209 Employees
Last Reported Date: 02/27/15
Founded in 1976

kkr & co lp (KKR) Top Compensated Officers

Co-Founder, Co-Chairman, Co-Chief Executive O...
Total Annual Compensation: $300.0K
Co-Founder, Co-Chairman, Co-Chief Executive O...
Total Annual Compensation: $300.0K
Chief Financial Officer, Member, Member of Ba...
Total Annual Compensation: $2.8M
General Counsel and Member
Total Annual Compensation: $2.8M
Global Chief Administrative Officer, Member a...
Total Annual Compensation: $2.6M
Compensation as of Fiscal Year 2014.

kkr & co lp (KKR) Key Developments

Ireland Strategic Investment Fund Announces €500 Million Home-Building Finance Joint Venture with Leading Global Investment Firm KKR Credit

The Ireland Strategic Investment Fund together with KKR Credit, have announced the launch of a new €500 million joint venture, which transforms the funding options available to the Irish house building sector and will be capable of financing the construction of over 11,000 new homes in Ireland. Activate Capital will focus exclusively on lending to Irish residential development projects. The lending platform will facilitate home-builders in engaging on medium/large scale housing schemes, delivering a material increase in housing supply. Activate Capital will lend on a commercial basis to projects, providing home-building companies with cost effective loans for up to 90% of the total financing requirement. As a large and labour intensive sector, recovery in the construction industry will be critical to the realisation of further employment gains in Ireland. The establishment of Activate Capital is intended as a significant step towards unlocking credit for Irish house builders. Projects funded by the new joint venture are expected to create an average of 1,900 full-time jobs per annum in construction and ancillary services. The ISIF will contribute €325 million towards the joint venture, making it the biggest single investment yet undertaken by the ISIF. KKR will provide the remaining €175 million.

KKR & Co LP Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

KKR & Co LP reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net income attributable to the firm was $376,306,000 or $0.78 per share compared to $178,215,000 or $0.43 per share a year ago. Total cash revenues were $775,393,000 compared to $1,091,818,000 in the same period last year. Income before taxes were $3,336,415,000 compared to $2,058,672,000 in the same period last year. Total EBITDA was $543,211,000 compared to $732,456,000 in the same period last year. Total distributable earnings were $491,407,000 or $0.42 per share compared to $700,973,000 or $0.67 per share a year ago. Economic net income after taxes was $746,655,000 or $0.88 per adjusted unit compared to $454,372,000 or $0.57 per adjusted unit a year ago. Economic net income was $839,944,000 compared to $501,579,000 in the same period last year. For the six months period, the company reported net income attributable to the firm was $646,813,000 or $1.35 per share compared to $388,256,000 or $1.06 per share a year ago. Total cash revenues were $1,609,235,000 compared to $1,805,883,000 in the same period last year. Income before taxes were $5,295,562,000 compared to $4,084,540,000 in the same period last year. Total EBITDA was $1,102,527,000 compared to $1,215,631,000 in the same period last year. Book value per adjusted unit as of June 30, 2015 was 12.77. Total distributable earnings were $1,007,938,000 or $0.88 per share compared to $1,147,781,000 or $1.10 per share a year ago. Return on equity and cash return on equity were 16.6% and 17.1%, respectively. Economic net income after taxes was $1,272,568,000 or $1.50 per adjusted unit compared to $1,008,692,000 or $1.32 per adjusted unit a year ago. Economic net income was $1,439,357,000 compared to $1,131,833,000 in the same period last year.

Raytheon, Thales And Others Reportedly Eye Airbus Sensor Business

Raytheon Company (NYSE:RTN) and Thales SA (ENXTPA:HO) are among companies keen to acquire the defense electronics business that of Airbus Group SE (ENXTPA:AIR), sources familiar with the transaction said. Others including Bridgepoint Advisers Limited, CVC Capital Partners Limited, KPS Capital Partners, LP, The Carlyle Group LP (NasdaqGS:CG), KKR & Co. L.P. (NYSE:KKR) and Triton are expected to hand in tentative offers for the Airbus business by July 24, 2015, the sources said. Thesale dubbed "Orlando" is led by Evercore and is expected to fetch €1 billion, the people said. A Rheinmetall AG spokesman said the company was following the divestment activities of Airbus, declining to comment further.

 

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Industry Analysis

KKR

Industry Average

Valuation KKR Industry Range
Price/Earnings 15.2x
Price/Sales 1.2x
Price/Book 1.9x
Price/Cash Flow 26.8x
TEV/Sales NM Not Meaningful
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