KKR recently announced plans to sell up to $300 million worth of shares in J.B. Chemicals & Pharmaceuticals Limited, representing a potential 10.2% stake in the company. This strategic move is part of their broader private equity engagements, also involving potential interests in Nestlé's water business and an impending acquisition of Japan’s Topcon Corporation. Amid these developments, the market experienced broader sell-offs, driven by inflation concerns and weaker consumer sentiment. Despite these macroeconomic pressures and their active private equity maneuvers, the company's stock remained largely flat over the past week.
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Over the last five years, KKR has delivered a very large total shareholder return of 464.06%, underscoring significant long-term growth. This return reflects strong capital management and strategic initiatives that have expanded KKR's influence across various sectors. Noteworthy, amidst broader industry pressures, KKR matched the US Capital Markets industry return of 17.8% over the past year, showcasing resilience in volatile markets.
A key contributor to KKR’s impressive performance has been its asset management business, which saw major capital-raising efforts, further enhanced by the integration of Global Atlantic. This integration has strengthened their infrastructure and real estate investments. On the mergers and acquisitions front, KKR's active divestment and acquisition strategy, including its rumored discussions to acquire Topcon Corporation and interest in Starbucks' China operations, reflected strategic portfolio shifts. In addition, partnerships, such as with Ajax Health, helped expand their healthcare investments, laying groundwork for sustained growth.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include NYSE:KKR.
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