KKR, Neuberger Private Markets Agree to Jointly Acquire Flow Control Group
Summary
KKR & Co. Inc., in partnership with Neuberger Private Markets, has agreed to jointly acquire Flow Control Group. This represents a new investment for the private equity giant, adding to its diverse portfolio. This M&A activity is distinct from recent news regarding KKR's rejected takeover bid for DCC and the exploration of a sale for Flora Food Group. While the financial terms of the acquisition were not disclosed in the headline, this transaction is a core part of KKR's business strategy. Traders will be watching for further details on the deal's size and expected impact on KKR's assets under management and future earnings.
At the time of this announcement, KKR was trading at $103.67 on NYSE in the Finance sector, with a market capitalization of approximately $93B. The 52-week trading range was $82.67 to $153.87. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.