KKR To Acquire Remaining 37% of Global Atlantic For $2.7 Billion In All-Cash Transaction
Portfolio Pulse from Benzinga Newsdesk
KKR & Co. Inc. (NYSE:KKR) has reached a definitive agreement to acquire the remaining 37% stake in Global Atlantic Financial Group LLC for $2.7 billion in cash, which will increase KKR's ownership in the insurance company to 100%.

November 29, 2023 | 11:51 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
KKR & Co. Inc. is set to acquire the remaining 37% of Global Atlantic, consolidating its ownership to 100% with a $2.7 billion all-cash transaction.
The acquisition of the remaining stake in Global Atlantic is a significant move for KKR, likely to be viewed positively by investors as it solidifies KKR's position in the insurance sector. The all-cash nature of the deal suggests a strong commitment and belief in the value of Global Atlantic, which could be seen as a positive signal for KKR's future revenue streams and strategic positioning. However, the market's reaction will also depend on KKR's current cash reserves, financing details, and the perceived fit of Global Atlantic within KKR's portfolio.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100