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Top related persons:
Brendan McDermid - 1 Joe Bae - 1 Scott Nuttall - 1 Goldman Sachs - 1 Noor Zainab Hussain - 1 Devika - 1
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New York U.S Bengaluru Chibuike
Top related orgs:
KKR - 1 New York Stock Exchange - 1 REUTERS - 1 Co - 1 Global Atlantic Financial Group - 1 Global - 1 Global Atlantic - 1 Thomson - 1

Search resuls for: "Scott Nuttall"


3 mentions found


☆ 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
☆ Apple continues to quietly build on its fintech ambitions
  + stars: | 2023-04-18 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +6 min
In payments, specifically, its made progress via Apple Pay, the Apple Wallet, and the Apple Card. On Monday, Apple took another step deeper into financial services, announcing the launch of a high-yield savings account (4.15%) via its Apple Card. And now, as Goldman tries to salvage what's left of its consumer dreams, Apple continues to roll on. What's not clear, though, is what type of terms Goldman gets for serving as the back-end partner partner. Click here to read more about the top eight executives shaking up payments, including a key leader at Apple Pay.
☆ KKR's co-CEO says the firm is looking at investments in 'all things digital,' while avoiding tech companies with lofty valuations and no earnings
  + stars: | 2022-12-06 | by ( Rebecca Ungarino | ) www.businessinsider.com   time to read: +3 min
KKR's co-CEO said on Tuesday that the firm is staying away from unprofitable companies. The private-equity behemoth KKR still has an appetite to invest in tech companies. KKR oversaw $496 billion as of September 30 as one of the largest managers of alternative assets such as private equity, private credit, and real-estate. While it used to be far more heavily weighted toward private equity, KKR's fundraising has increasingly shifted toward other assets like private credit, liquid credit, and real estate, Bae said. Private credit has been a particular focus for alternative money managers like KKR, Blackstone, and Carlyle amid rising rates and big banks' retreats from some lending, Insider previously reported.
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