Movement Alert|KKR & Co LP Rises 3.21% in Regular Trading, Record $19.2B Infrastructure Fund and Major Acquisitions Boost Sentiment

Market Focus
Aug 03

On August 3, KKR & Co LP rose 3.21% in regular trading, trading at $103.175/share, with turnover of $39.18 million. The stock was lifted by a cluster of significant announcements released during the session.

On the news front, KKR completed the final close of its Global Infrastructure Investors V fund at $19.2 billion, making it the firm's largest infrastructure vehicle to date and bringing total capital raised across its latest global infrastructure fund vintages to approximately $45 billion. Simultaneously, KKR entered into a definitive agreement to acquire medical device outsourcing company Integer Holdings in an all-cash transaction valued at approximately $5.7 billion enterprise value, offering $127 per share — a 28.8% premium to the 30-day volume-weighted average price. Additionally, KKR announced the acquisition of a 50% stake in TotalEnergies' 1.2GW European onshore solar and wind portfolio, further expanding its energy transition footprint.

These developments follow KKR's strong Q2 results reported on July 30, which showed adjusted EPS of $1.63 beating the consensus estimate of $1.41 by 15.6%, with AUM reaching $796 billion.

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