KKR Takes Chase Private In $1.3B Deal
Portfolio Pulse from Lekha Gupta
KKR & Co Inc. has agreed to acquire Chase Corporation for approximately $1.3 billion, including the assumption of debt. The deal values Chase at $127.50 per share in cash, implying a valuation of approximately 13x trailing twelve months EBITDA. After the transaction, Chase will become a privately held company wholly owned by an affiliate of KKR's investment funds and will no longer have its common stock listed on any public market.
July 21, 2023 | 12:51 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Telefonica del Peru SAA was mentioned passively in the context of KKR's previous acquisitions. The news does not have a direct impact on the company.
Telefonica del Peru SAA was mentioned passively in the context of KKR's previous acquisitions. The news does not have a direct impact on the company.
CONFIDENCE 90
IMPORTANCE 10
RELEVANCE 20
NEUTRAL IMPACT
KKR's acquisition of Chase Corporation could potentially strengthen its portfolio and generate future growth. However, the financial burden of the acquisition may impact short-term performance.
The acquisition could potentially strengthen KKR's portfolio and generate future growth. However, the financial burden of the acquisition may impact short-term performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Chase Corporation's shareholders will benefit from the acquisition as the deal values the company at $127.50 per share in cash. However, the company will no longer be publicly traded post-acquisition.
The acquisition will benefit Chase Corporation's shareholders as the deal values the company at $127.50 per share in cash. However, the company will no longer be publicly traded post-acquisition.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100