Blog Coverage KKR Set to Become Majority Shareholder of Hilding Anders

Upcoming AWS Coverage on Voya Financial Post-Earnings Results

LONDON, UK / ACCESSWIRE / November 30, 2016 / Active Wall St. blog coverage looks at the headline from leading global investment firm KKR & Co. L.P. (NYSE: KKR) as the company announced on November 29, 2016, that it has entered into a definitive agreement with Hilding Anders to acquire Arle Capital Partners’ stake in the firm. The transaction is subject to regulatory clearances, following which, KKR will be the majority shareholder in Hilding Anders. The financial details and terms were not declared as of now. Register with us now for your free membership and blog access at: http://www.activewallst.com/register/.

One of KKR & Co.’s competitors within the Asset Management space, Voya Financial, Inc. (NYSE: VOYA), announced on November 02, 2016, its financial results for the third quarter of 2016. AWS will be initiating a research report on Voya Financial in the coming days.

Today, AWS is promoting its blog coverage on KKR; touching on VOYA. Get all of our free blog coverage and more by clicking on the links below:

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Parties Involved

Sweden-based Hilding Anders has become the leading bed manufacturer across Europe, Asia, and the USSR. With a pan-nation presence across 19 countries at 23 sites, it employs more than 9,500 employees. The net revenue generation for the firm stood at €917 million from sales in 65 local markets. The firm is owned largely by UK private equity firm Arle Capital Partners and boasts of a diverse portfolio including several popular brands like Askona, CUREM, Hilding, Jensen, etc.

KKR, on the other hand, is a multi-sector investment firm that manages and facilitates investment across different segments. It is known to invest its own capital or the partner’s liquid assets and bank on different opportunities available in the corporate infrastructure. KKR primarily deals in private equity, energy, real estate, credit, hedge funds, etc. As a matter of fact, it invested approximately $20 billion in long-term capital.

The Mattress maker’s portfolio

This acquisition is set boost Hilding Anders’ business. Owing to KKR’s expertise and presence across different markets, the firm can readily evolve on the investment infrastructure from KKR. A similar pan-nation portfolio drive was observed on November 22, 2016, when KKR announced the acquisition of 41% shares in the leading Japanese automotive components manufacturer Calsonic Kansei Corporation. Calsonic Kansei is the leading supplier of automotive components, where, Nissan is its primary customer.

Cristobal Cuart, Director at KKR Credit, stated that:

“KKR’s operational expertise, industry know-how, and experience in investing in European businesses will support Hilding Anders as it builds on its impressive market-leading position in bed manufacturing in Europe, Russia and Asia.”

KKR views great business potential with Hilding Anders; the soaring revenues of the latter being a key positive. KKR aims to utilize the brand value by developing the product range under its own portfolio. Well, this merger is not the first collaboration between the two entities. Previously, in 2013, KKR Credit invested €350 million in the capital infrastructure of Hilding Ander’s business.

Stock Performance

On Tuesday, the stock closed the trading session at $15.26, slightly down by 0.72% from its previous closing price of $15.37. A total volume of 1.66 million shares have exchanged hands. KKR & Co.’s stock price advanced 6.38% in the last month, 3.87% in the past three months, and 14.54% in the previous six months. Furthermore, since the start of the year, shares of the company have gained 2.65%. The stock is trading at a PE ratio of 58.24 and has a dividend yield of 4.19%.

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