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New Deal


Announced

Completed

KKR completed the acquisition of the remaining 37% stake in Global Atlantic for $2.7bn.

Financials

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Transaction Value£2,118m
Consideration TypeCash
Capital Owned63%
Capital Bid For37%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Minority

Bermuda

Diversified Financials

financial services

Cross Border

Private

Private Equity

Single Bidder

Friendly

Completed

Synopsis

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KKR, a global investment firm that manages multiple alternative asset classes, completed the acquisition of the remaining 37% stake in Global Atlantic, a provider of a broad range of retirement, life and reinsurance products, for $2.7bn. “KKR and Global Atlantic are a powerful combination. Our shared culture and commitment to excellence continues to enhance our ability to think – and invest – longer-term and deliver compelling solutions for our clients and policyholders. We are thrilled for what lies ahead as a wholly-owned subsidiary of KKR,” Allan Levine, Global Atlantic Co-Founder, Chairman & CEO.

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