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Showing 1 - 10 of 85 results for "KKR"

SEC fines private equity firms for recordkeeping failures

KARREN VERGARA  |  TUESDAY, 14 JAN 2025
Blackstone, KKR, and Carlyle are among the private equity firms that will collectively pay the Securities and Exchange Commission (SEC) US$63.1 million for failing to keep appropriate communications records. They join a growing list of financial institutions ...

Perpetual takeover 'not in the best interests of shareholders'

ANDREW MCKEAN  |  TUESDAY, 17 DEC 2024
The proposed acquisition of Perpetual's wealth management and corporate trustees' businesses by Kohlberg Kravis Roberts (KKR) has been deemed not in the best interests of shareholders. An independent expert informed the wealth manager that the risk ...

Perpetual-KKR deal hits tax bill snag

KARREN VERGARA  |  TUESDAY, 10 DEC 2024
... commence once Perpetual was assessed and there would be no certainty of the outcome". Further, Perpetual said it is engaging with KKR to consider the potential impact on the transaction. The deal was slated to close in early 2025. If it goes ahead, the ...

Perpetual reveals new leadership structure

JAMIE WILLIAMSON  |  FRIDAY, 8 NOV 2024
... become a standalone asset management business following the sale of its wealth management and corporate trust operations to KKR, Perpetual is consolidating its international leadership team and moving to an international and domestic model for distribution. ...

KKR nabs JP Morgan sales manager

ELIZABETH FRY  |  TUESDAY, 29 OCT 2024
... Crothers has been appointed director of global wealth solutions at the private equity giant. Reporting to the local head of KKR client solutions Nicholas Hyde, she will be covering the local wealth market and selling KKR's alternative investments. ...

Colonial First State hires PE head, farewells sales exec

ELIZABETH FRY  |  FRIDAY, 27 SEP 2024
... has worked at CFS for 10 years. Walker has held several senior management roles at the asset manager, which was bought by KKR about three years ago. The private equity group now owns 55% of CFS which it acquired from Commonwealth Bank of Australia. Incidentally ...

Family office, KKR buy up regional Queensland airports

JAMIE WILLIAMSON  |  THURSDAY, 26 SEP 2024
... Infrastructure Fund (TIF), Australian Retirement Trust (ART) and State Super have offloaded Queensland Airports to private equity giant KKR and Atlassian co-founder Scott Farquhar's family office, Skip Capital. Queensland Airports comprises Gold Coast ...

Perpetual chair to leave as $472m loss recorded

JAMIE WILLIAMSON  |  THURSDAY, 29 AUG 2024
Perpetual shareholders have finally been given an estimate of the cash proceeds from its deal with KKR, as the group reports a massive $472 million loss and farewells its chair. Releasing its full year results this morning, Perpetual reported a statutory ...

Perpetual names new chief executive

KARREN VERGARA  |  WEDNESDAY, 21 AUG 2024
... Trust and the wealth management unit that will overhaul the firm into a standalone asset manager. Kohlberg Kravis Roberts (KKR) is set to acquire the wealth management and corporate trust businesses for $2.18 billion. This is set to complete in early ...

Private capital fundraising remains in the doldrums: Preqin

ANDREW MCKEAN  |  THURSDAY, 1 AUG 2024
... of PSC Insurance Group by Ardonagh Group for $1.5 billion, followed by Perpetual's hiving off its wealth management unit to KKR at $1.4 billion. APAC venture capital (VC) fundraising also experienced a rebound in the second quarter of 2024, with total ...
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