KKR

Digital Economy

KKR to join US$500 mil funding for NFT creator Animoca, sources say

Animoca has more than doubled its valuation in just three months

Company in the news

Backed by EDBI and major Ikea franchisee, renovation platform Livspace turns unicorn with US$180 mil round led by KKR

Seven-year-old Livspace — now a unicorn — recently acquired a majority stake in Singapore-based home remodeling platform Qanvast.
Sale of Fullerton Healthcare may be derailed by co-founders - THE EDGE SINGAPORE

Company in the news

Sale of Fullerton Healthcare may be derailed by co-founders

Fullerton Healthcare's sale to a third party may be de-railed by its former CEO and deputy CEO who co-founded the company

Property

KKR, Temasek takes 6% stake in Vinhomes for US$650 mil

Vinhomes, listed on the Ho Chi Minh Stock Exchange, has a real estate portfolio across residential, commercial and industrial sectors.

Offer

800 Super's independent adviser says shareholders should accept Lee family's offer

SINGAPORE (June 10): 800 Super Holdings says independent financial adviser (IFA) Novus Corporate Finance considers the privatisation offer from its controlling Lee family to be “fair and reasonable”.

M&A

KKR pursues US$700 mil sale of Singapore's MMI to Chinese fund

HONG KONG (Feb 15): KKR & Co. is in advanced talks to sell Singapore’s MMI Holdings Ltd. to a Chinese investor group, people with knowledge of the matter said, as it pursues an exit more than a decade after buying the hard-drive component maker.

KKR, Blackstone, RRJ and TPG dropping out of race for GLP, says FT

SINGAPORE (June 23): Almost all the potential bidders for Global Logistic Properties are dropping out as the June 30 deadline approaches, reported The Financial Times.

Emerging Markets

Opportunities abound in Indonesia turnaround

SINGAPORE (June 8): Southeast Asian giant Indonesia is finally turning things around.

Broker's Calls

5 reasons to consider adding this food manufacturer to your portfolio

SINGAPORE (Nov 30): Food manufacturer Japfa recently piqued investor interest after private equity firm KKR invested US$81.2 million ($115.7 million) for a 10.4% stake in the group’s Indonesian-listed subsidiary PT Japfa Tbk.

Results

Japfa’s 3Q earnings surge to US$48 mil on higher sales and margins

SINGAPORE (Oct 27): Japfa, the Indonesia-based supplier of animal protein, saw a sixfold jump in 3Q earnings to US$48 million ($67 million) from US$8 million a year ago on higher sales and margins.  
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