All articles tagged with #kkr
Sapporo Holdings plans to sell its real estate business, including Yebisu Garden Place, to a KKR-led consortium for $2.6 billion to focus on its core beer operations, with the deal aimed at boosting overall corporate value.
Apollo and KKR have invested $7 billion into Keurig Dr Pepper, highlighting significant financial backing for the company.
Sunrisers Hyderabad (SRH) defeated Rajasthan Royals (RR) in Qualifier 2 of IPL 2024, setting up a final clash against Shah Rukh Khan's Kolkata Knight Riders (KKR). SRH owner Kavya Maran was ecstatic with the team's performance.
Private equity firm KKR has offered $4 billion to acquire Broadcom's VMware End-User Computing (EUC) business, promising to expand R&D, pursue new partnerships, and invest in employee ownership. The deal is expected to close in 2024, and the EUC Division will become a standalone company with increased access to growth capital. Partners hope the acquisition will bring back innovation to the EUC business, contrasting recent layoffs at competitor Citrix. The existing management team, led by Shankar Iyer, will remain in place, and KKR's investment is seen as a positive development for the overall EUC market.
Chipmaker Broadcom is selling its end-user computing unit to private-equity firm KKR for $4 billion in a move to streamline its portfolio after the acquisition of VMware. The unit will operate as a standalone company under existing management. KKR's active investment in the technology services sector reflects the industry's growth during the pandemic, and the deal is expected to close in 2024.
KKR is set to acquire Broadcom's end user computing business, including VMware Workspace One and VMware Horizon, for $4 billion, following Broadcom's $61 billion acquisition of VMware last year. The deal, announced in May 2022, has finally cleared regulatory hurdles and is expected to close later this year. KKR plans to implement an employee ownership program and sees potential for growth in building out the end user computing division as a standalone business. This marks the fifth multi-billion dollar deal of the year, amidst a resurgence in M&A activity.
Private equity firm KKR is reportedly set to acquire VMware's end-user compute business unit for $3.8 billion, inheriting a client list with many customers in government and highly-regulated industries. The acquisition comes after Broadcom's plans to offload VMware's desktop virtualization and application publishing estate, with concerns raised about potential price increases and underutilization of software under Broadcom's licensing scheme. Negotiations with VMware by Broadcom could become heated, as customers brace for potential price rises and explore alternatives like cloud-hosted desktops offered by AWS, Alibaba Cloud, and Microsoft.
Chipmaker Broadcom is reportedly in talks to sell VMware's End User Compute business to private equity firm KKR for $3.8 billion, as part of its efforts to streamline operations after acquiring VMware. The move aligns with Broadcom's strategy to make VMware more profitable, with plans to restructure the company and divest smaller business units. KKR's interest in the EUC business reflects its focus on acquiring legacy businesses with consistent profits, while providing Broadcom with much-needed cash to settle debts from the VMware acquisition.
Private equity firm KKR is reportedly close to acquiring Broadcom's VMware End User Compute (EUC) business for $3.8 billion, following Broadcom's $69 billion acquisition of VMware last year. The deal, which could be announced as early as Monday, is seen as a positive move for the industry, with KKR potentially being a good steward of the technology and business. This acquisition could create a new EUC powerhouse and benefit employees, customers, and partners, providing a more certain future for the VMware EUC business and the VDI market as a whole.
Chipmaker Broadcom is close to finalizing a $3.8 billion deal to sell its end-user computing unit to private equity firm KKR, as part of CEO Hock Tan's efforts to streamline the company's portfolio following its acquisition of VMware. KKR emerged as the winning bidder in the auction for the unit, outbidding other private equity firms. The deal, expected to be announced soon, reflects Broadcom's strategy to divest certain businesses, while KKR continues its active dealmaking in the technology sector.
Chipmaker Broadcom is reportedly close to selling its remote access unit to private-equity firm KKR for $3.8 billion, as part of CEO Hock Tan's efforts to streamline the company's portfolio after acquiring VMware. KKR outbid other firms in the auction for the end-user computing unit, and the deal could be announced as early as Monday. This move follows Broadcom's previous announcement to divest its end-user computing unit and its attempt to shed VMware's security software business Carbon Black.
Chipmaker Broadcom is close to selling its remote access unit to private equity firm KKR for $3.8 billion, as part of CEO Hock Tan's efforts to streamline the company's portfolio after acquiring VMware. KKR outbid other firms in the auction for the end-user computing unit, and the deal could be announced as early as Monday. This move follows Broadcom's previous announcement to divest its end-user computing unit and its attempt to shed VMware's security software business Carbon Black.
Private equity firm KKR has pioneered a model of granting ownership stakes to employees at portfolio companies, aiming to spread the approach to benefit the 12 million people who work for companies owned by private equity firms. This initiative, led by the nonprofit organization Ownership Works, backed by KKR, allows workers to partake in the financial success of their employers without taking a financial hit, as it motivates employees and elevates the eventual sale price, ultimately benefiting the company's bottom line.
Private equity firm KKR has acquired full control of insurance company Global Atlantic as part of its efforts to reorganize its finances.
Telecom Italia (TIM) has approved the €19 billion ($20 billion) sale of its fixed-line network to U.S. private equity firm KKR, making it the first major European telecoms group to divest its landline grid. The deal, supported by the Italian government, is seen as crucial for TIM's debt-laden revival and Italy's efforts to bridge its digital divide. The sale, which could reach €22 billion with debt, is expected to close in the summer of 2024 and would allow TIM to reduce its financial debt by around €14 billion. Leading shareholder Vivendi, which owns 24% of TIM, has opposed the sale and plans to challenge it legally.