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KKR & Co. Inc.

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KKR & Co. Inc.
NameKKR & Co. Inc.
TypePublic
Traded asNYSE: KKR
IndustryPrivate equity
Founded1976
FoundersHenry Kravis, George Roberts
HeadquartersNew York City, New York, United States

KKR & Co. Inc. is a global investment firm that manages multiple asset classes, including private equity, energy, infrastructure, real estate, credit, and hedge funds. Founded by Henry Kravis and George Roberts in 1976, the company has grown to become one of the largest and most successful private equity firms in the world, with investments in companies such as RJR Nabisco, Toys "R" Us, and Sealy Corporation. KKR & Co. Inc. has also invested in various industries, including technology, healthcare, and financial services, through companies like BMC Software, HCA Healthcare, and First Data. The company's investments are often made in partnership with other prominent private equity firms, such as Blackstone Group, Carlyle Group, and Apollo Global Management.

History

KKR & Co. Inc. was founded in 1976 by Henry Kravis and George Roberts, two Columbia Business School graduates who had previously worked at Bear Stearns. The company's early success was fueled by its investments in leveraged buyouts, including the acquisition of Gibson Greetings in 1982 and Maicom in 1985. In the 1980s, KKR & Co. Inc. also invested in companies such as Safeway Inc. and Owens-Illinois, and partnered with other prominent investors, including Warren Buffett and Carl Icahn. The company's most notable investment during this period was the leveraged buyout of RJR Nabisco in 1988, which was one of the largest LBOs in history at the time, and involved other investors such as Shearson Lehman Hutton and Drexel Burnham Lambert. KKR & Co. Inc. has also been involved in various mergers and acquisitions, including the acquisition of KSL Capital Partners and Nordic Capital.

Investments

KKR & Co. Inc. has made investments in a wide range of industries, including technology, healthcare, financial services, and consumer goods. The company has invested in companies such as BMC Software, HCA Healthcare, and First Data, and has partnered with other prominent investors, including Silver Lake Partners, KKR Capstone, and Goldman Sachs. KKR & Co. Inc. has also invested in various real estate and infrastructure projects, including the development of One Vanderbilt in New York City and the acquisition of Colonial Pipeline. The company's investments are often made through its various private equity funds, including the KKR Private Equity Investors fund and the KKR European Fund. KKR & Co. Inc. has also invested in companies such as Sealy Corporation, Toys "R" Us, and US Foods, and has partnered with other investors, including Clayton, Dubilier & Rice and Bain Capital.

Corporate Affairs

KKR & Co. Inc. is headquartered in New York City, New York, and has offices in various locations around the world, including London, Tokyo, and Hong Kong. The company is led by its co-chief executive officers, Henry Kravis and George Roberts, who have been at the helm of the company since its founding. KKR & Co. Inc. is also led by its co-presidents, Joseph Bae and Scott Nuttall, who oversee the company's various investment activities. The company's board of directors includes prominent investors and business leaders, such as Bob McCann and Mary Meeker. KKR & Co. Inc. has also been recognized for its commitment to corporate social responsibility, and has partnered with various organizations, including the World Economic Forum and the Bill and Melinda Gates Foundation.

Criticisms and Controversies

KKR & Co. Inc. has faced various criticisms and controversies over the years, including concerns about its leveraged buyout practices and its impact on the environment and society. The company has been criticized for its role in the subprime mortgage crisis, and has faced lawsuits from investors who claim that the company misled them about the risks of its investments. KKR & Co. Inc. has also faced criticism for its tax avoidance practices, and has been the subject of various investigations by regulatory agencies, including the Securities and Exchange Commission and the Internal Revenue Service. The company has also been criticized by labor unions and other groups for its treatment of workers and its impact on local communities, including the United Steelworkers and the AFL-CIO.

Financial Performance

KKR & Co. Inc. has reported strong financial performance in recent years, with significant increases in its revenue and net income. The company's private equity funds have generated strong returns for investors, and its asset management business has grown significantly. KKR & Co. Inc. has also expanded its credit and real estate businesses, and has made significant investments in companies such as First Data and Colonial Pipeline. The company's financial performance has been recognized by various industry publications, including Forbes and Fortune, and it has been ranked as one of the top private equity firms in the world by Private Equity International. KKR & Co. Inc. has also been recognized for its commitment to diversity and inclusion, and has partnered with various organizations, including the National Association of Black Journalists and the Hispanic Association on Corporate Responsibility.

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