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Slide #55. Kohlberg Kravis Roberts & Co. L.P. — Stake in RigNet
Acquirer:
Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR)
Acquiree:
Stake in RigNet
Details:
Kohlberg Kravis Roberts & Co. L.P., a leading global investment firm, today announced the signing of a definitive agreement under which funds advised or controlled by KKR are acquiring a significant minority stake in RigNet, Inc. (NASDAQ:RNET) from Cubera, an investment firm specializing in the Nordic private equity market.
KKR & Co. is a holding company. Through its subsidiaries, Co. is an investment firm that provides alternative asset management as well as capital markets and insurance solutions. Co. sponsors investment funds that invest in private equity, credit and real assets and has partners that manage hedge funds. Co. operates through two reportable segments: asset management; and insurance. In its asset management business, Co. has five business lines: Private Equity, Real Assets, Credit and Liquid Strategies, Capital Markets, and Principal Activities. Co.'s insurance business is operated by Global Atlantic Financial Group LLC, which is a retirement and life insurance company.
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Preferreds: KFN.PR, KKR.PRA, KKR.PRB, KKR.PRC
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Strong Buy (3.81 out of 4) 73rd percentile
(ranked higher than approx. 73% of all stocks covered)
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