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☆ KKR to buy remaining stake in insurer Global Atlantic for $2.7 billion
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNov 29 (Reuters) - KKR & Co (KKR.N) said on Wednesday it would buy a remaining 37% stake in Global Atlantic Financial Group that it does not already own for $2.7 billion in an all-cash deal. Private equity firm KKR has served as the manager of Global Atlantic's investment portfolio since 2021 and said in July 2020 that it would buy the annuities and life insurance provider. Global Atlantic's assets under management have grown to $158 billion from $72 billion in 2020, the companies said. Under the terms of the deal, KKR will pay Global Atlantic's minority shareholders an amount in cash equal to Global Atlantic's book value, with certain adjustments. Global Atlantic serves policyholders through its retirement and life insurance products.

Persons: Brendan McDermid, Joe Bae, Scott Nuttall, Goldman Sachs, Noor Zainab Hussain, Devika Organizations: KKR, New York Stock Exchange, REUTERS, Co, Global Atlantic Financial Group, Global, Global Atlantic, Thomson Locations: New York, U.S, Bengaluru, Chibuike

☆ Constraints in credit market will create opportunity in private credit, says KKR co-CEO
▼ + stars: | 2023-05-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConstraints in credit market will create opportunity in private credit, says KKR co-CEOJoe Bae, KKR co-CEO, joins 'Squawk on the Street' to discuss if the regional banking drama has affected KKR, the assets classes Bae is currently seeing 'tremendous' opportunity, and why this may be the moment for private lending.

☆ The Full Guest List for Biden’s State Dinner With South Korea
▼ + stars: | 2023-04-26 | by ( Chris Cameron | ) www.nytimes.com time to read: 1 min

The White House invited more than 180 guests to the state dinner hosted by President Biden for President Yoon Suk Yeol of South Korea on Wednesday night, including government officials, athletes, business leaders and prominent Asian Americans. Here is the full list of those invited as provided by the White House. THE PRESIDENT AND DR. BIDENHIS EXCELLENCY YOON SUK YEOL, PRESIDENT OF THE REPUBLIC OF KOREA AND MRS. KIM KEON HEEMichael ArdenLloyd J. Austin III, secretary of defense, and Charlene AustinJoe Bae and Janice BaeCharlie Baker, former governor of MassachusettsStephen K. Benjamin, senior adviser to the president for public engagement, and DeAndrea BenjaminRepresentative Ami Bera, Democrat of California, and Dr. Janine Bera

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