KKR Boosts Investment in USI Insurance Services by Over $1B; To Become USI's Largest Single Shareholder
Portfolio Pulse from Benzinga Newsdesk
KKR is making a new equity investment of over $1 billion in USI Insurance Services, making it the largest single shareholder. The deal involves KKR and USI purchasing shares from CDPQ and other investors.
September 11, 2023 | 10:59 am
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POSITIVE IMPACT
KKR's new equity investment in USI Insurance Services could potentially strengthen its portfolio and increase its influence in the company.
KKR's significant investment in USI Insurance Services not only makes it the largest shareholder but also potentially increases its influence in the company's decision-making process. This could lead to strategic decisions that favor KKR's interests, potentially boosting its stock in the short term.
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