KKR Increases Potential Stake in Henry Schein via $74M Total Return Swap
Summary
KKR has increased its potential beneficial ownership in Henry Schein through a new total return swap for 918,723 shares, bringing its total potential stake to 16.4%.
Key Events
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KKR Enters New Total Return Swap
KKR Hawaii Aggregator L.P. entered into a total return swap with Nomura on February 26, 2026, for 918,723 notional shares at a price of $80.55 per share, totaling approximately $74 million.
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Increased Beneficial Ownership
This swap increases KKR's aggregate beneficial ownership to 18,853,071 shares, representing approximately 16.4% of Henry Schein's outstanding common stock.
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Follows Prior Disclosure
This transaction provides specific details following the company's 10-K filing on February 24, 2026, which noted an increased beneficial ownership limit for KKR.
Analysis
This Schedule 13D/A details KKR's latest move to increase its potential ownership in Henry Schein. The firm entered into a total return swap for 918,723 notional shares, valued at approximately $74 million, indicating continued strategic interest and confidence in the company. This transaction provides specific details following the company's recent 10-K filing which noted an increased beneficial ownership limit for KKR.
At the time of this filing, HSIC was trading at $76.29 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $8.8B. The 52-week trading range was $60.56 to $89.29. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.