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Last Updated:
2024-04-22 14:03:57

KKR & Co.

American global investment company
American global investment company

KKR & Co. Inc., founded in 1976, manages various alternative asset classes. It is a pioneer in private equity and known for leveraged buyouts.

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1976-05-01
Founding of KKR

On May 1, 1976, Henry Kravis and George Roberts co-founded KKR alongside their mentor Jerome Kohlberg with $120,000, launching what we now know as the alternatives industry.

1978
KKR's First Institutional Fund

By 1978, KKR successfully raised its first institutional fund with over $30 million of investor commitments, following the revision of ERISA regulations.

1979
First Large Public-to-Private Transaction by KKR

In 1979, KKR staged its first large public-to-private transaction with the buyout of Houdaille Industries, marking a significant milestone for the firm.

1982
First state public pension funds invest in KKR’s private equity funds

In 1982, Oregon, Washington, and Michigan public pension funds become the first to invest in KKR's private equity funds, showcasing the growing trust in the firm's investment strategies.

1984
KKR completes first buyout of a public company, Malone & Hyde

In 1984, KKR successfully completed its first buyout of a public company, Malone & Hyde.

1985
Acquisition of Storer Communications

In 1985, KKR acquired Storer Communications for a record $2.5 billion, expanding its portfolio in the communications sector.

1987
Resignation of Jerome Kohlberg Jr. and Succession by Henry Kravis

At age 61, Kohlberg resigned in 1987, leading to Henry Kravis succeeding him as senior partner at KKR, marking a significant leadership transition.

1988
RJR Nabisco Leveraged Buyout Impact

At $31.1 billion, the RJR Nabisco leveraged buyout orchestrated by KKR in 1988 was the largest in history at the time. The deal's aftermath and controversies surrounding the bidding process continued to be discussed in the early 1990s.

1989-04
Buyout of RJR Nabisco Completed

In April 1989, the buyout of RJR Nabisco was finalized by KKR. This marked the beginning of a period where KKR focused on repaying the substantial debt of RJR through asset sales and restructuring.

1990-01
Sale of RJR's Del Monte Foods

In January 1990, KKR completed the sale of RJR's Del Monte Foods to a group led by Merrill Lynch as part of the restructuring efforts to reduce debt.

1990-07
KKR Contributes $1.7 Billion Equity to RJR

In July 1990, KKR injected $1.7 billion of new equity into RJR to restructure the company's balance sheet, surpassing its original equity contribution during the leveraged buyout.

1991-03
RJR Issues Additional Stock to Reduce Debt

In March 1991, RJR issued more stock to the public to further decrease its debt, leading to an improvement in the credit rating of RJR's debt from junk to investment grade.

1994
KKR traded its stake for ownership of Borden

In 1994, KKR exchanged its ownership stake in RJR Nabisco for full ownership of Borden, a dairy and chemical company.

1995
KKR Divests Final Stake in RJR Nabisco

In 1995, KKR completely divested its remaining stake in RJR Nabisco when Borden sold a block of stock, marking the end of KKR's ownership in RJR.

1996
Scott C. Nuttall joins KKR

Scott C. Nuttall joined KKR in 1996 and played a significant role in transforming the company from a private equity firm into an investment firm. He later became co-CEO and was considered a potential successor to the founders.

1997
Saul A. Fox leaves KKR to found Fox Paine & Company

Saul A. Fox departed KKR in 1997 to establish Fox Paine & Company, a middle market private equity firm with significant capital under management.

1998-01
Acquisition of Regal Entertainment Group

In January 1998, KKR and Hicks, Muse, Tate & Furst agreed to the $1.5 billion buyout of Regal Entertainment Group, expanding KKR's presence in the entertainment sector.

2000
Financial Issues and Bankruptcy of Regal Entertainment Group

In 2000, Regal Entertainment Group faced significant financial issues and filed for bankruptcy protection, leading to the company being acquired by billionaire investor Philip Anschutz.

2001-10
Ted Ammon's murder

Ted Ammon, a former KKR member, was murdered in his Long Island home in October 2001. The case involved his estranged wife's lover, Generosa, who was later convicted.

2004-07
KKR Sells Stock in Borden Chemical to Apollo Management

In July 2004, KKR agreed to sell its stock in Borden Chemical to Apollo Management for $1.2 billion, realizing the final remnants of its 1989 investment.

2005
KKR expands into Asia

In 2005, KKR diversified its operations by entering the Asian market, setting up offices in Tokyo and Hong Kong to expand its presence in the region.

2006
KKR launches Capital Markets business

In 2006, KKR introduced its Capital Markets division, focusing on activities related to financial markets and investment banking.

2007
KKR Completes Buyout of TXU

In 2007, KKR completed the buyout of TXU, which was the largest buyout completed by the firm at that time. This transaction further solidified KKR's position in the private equity market.

2008
KKR forms ESG platform

In 2008, KKR established an Environmental, Social, and Governance (ESG) platform to integrate sustainability and responsible investment practices into its operations.

2009-10-07
KKR Lists Shares on New York Stock Exchange

In October 2009, KKR listed shares in the company through KKR & Co. An affiliate holds 30% of the firm's ownership equity, with the remainder held by the firm's partners. Trading of KKR shares commenced on July 15, 2010, after filing to list on the New York Stock Exchange in March 2010.

2010
KKR goes public on NYSE

In 2010, KKR made its debut on the New York Stock Exchange (NYSE), becoming a publicly traded company and offering shares to investors.

2011-12
Acquisition of Samson Investment Company by KKR

In December 2011, KKR led a group of private equity investors to acquire Samson Investment Company for $7.2 billion, forming Samson Resources Corporation.

2012
KKR's Investment in Yorktown Center

In 2012, KKR made its first retail real estate investment by acquiring Yorktown Center in Illinois.

2013-03
KKR's Exit from BMG Rights Management

In March 2013, KKR sold its 51% stake in music company BMG Rights Management to Bertelsmann, exiting the joint venture.

2014-01
Acquisition of Sedgwick Claims Management Services Inc by KKR

In January 2014, KKR acquired Sedgwick Claims Management Services Inc for $2.4 billion from Stone Point and Hellman & Friedman.

2014-06
KKR's Investment in Acciona Energy

In June 2014, KKR acquired a one-third stake in Acciona Energy's Spanish energy business for €417 million, expanding its renewable energy portfolio.

2014-08
Investment in Fujian Sunner Development by KKR

In August 2014, KKR invested $400 million to acquire China's largest chicken farmer, Fujian Sunner Development, known for supplying chicken products to major brands like KFC and McDonald's.

2014-09
Investment in Savant Systems by KKR

In September 2014, KKR invested $90 million in lighting and electrics firm Savant Systems.

2015-10-12
Acquisition of Selecta Group by KKR

On October 12, 2015, KKR entered into a definitive agreement with Allianz Capital Partners to acquire their majority stake in Selecta Group, a European vending services operator.

2016-09-01
Acquisition of Epicor Software Corporation by KKR

On September 1, 2016, KKR acquired Epicor Software Corporation, an American software company.

2017-02
Attempted Takeover of ARI GfK SE by KKR

In February 2017, KKR was reported to be pursuing the takeover of international market research company ARI GfK SE.

2017-07
Acquisition of WebMD Health Corp by KKR

In July 2017, KKR acquired WebMD Health Corp for $2.8 billion, expanding its presence in the healthcare sector.

2017-08
Acquisition of Toys 'R' Us, Inc. Bankruptcy

On September 18, 2017, Toys 'R' Us, Inc. filed for Chapter 11 bankruptcy to address its long-term debt and financial challenges.

2018-07
Acquisition of LCY Chemical Corp. by KKR & Co.

On July 22, 2018, KKR & Co. announced the acquisition of Taipei-based LCY Chemical Corp. in a deal valued at $1.56 billion, focusing on controlling stakes in the Greater China region.

2019-06-01
Malcolm Turnbull joins KKR

Former Australian Prime Minister Malcolm Turnbull commenced his role at KKR on June 1, 2019. Turnbull's experience and expertise are expected to contribute to KKR's operations.

2019-06-12
KKR Acquisition of Toys R Us

In June 2019, there was a retrospective look at KKR, the investment firm that acquired Toys R Us among other companies. The acquisition of Toys R Us was a significant event in the retail industry.

2020-01-01
KKR Acquires KKR Capstone

On January 1, 2020, KKR acquired KKR Capstone, which includes various subsidiaries dedicated to supporting KKR deal teams and portfolio companies with operating professionals.

2020-08-31
KKR sells Epicor Software Corp.

On August 31, 2020, KKR confirmed the sale of Epicor Software Corp. to a group represented by private-equity firm Clayton, Dubilier & Rice in a $4.7 billion deal.

2021-11-06
KKR & Co. Inc. Dividend Growth

KKR & Co. Inc. (KKR) has shown varying dividend growth rates over different time periods, with an average of 6.45% over the past 12 months, 6.92% over the past 36 months, 2.27% over the past 60 months, and -7.24% over the past 120 months.

2022-02
KKR acquires stake in Nexon

In February 2022, KKR acquired 8.5% of Nexon, the Japanese-South Korean video game company, while Saudi Arabian Public Investment Fund purchased a stake in Capcom and Nexon.

2022-04
KKR purchase of Barracuda Networks

In April 2022, KKR announced the purchase of Barracuda Networks from Thoma Bravo, later acquiring all shares of Mitsubishi UBS Realty, a Japanese real estate asset manager.

2022-05
KKR investment in Semperis

In May 2022, KKR led a $200 million investment round in Semperis, a cybersecurity company focused on identity protection.

2022-06
KKR tops PEI 300 ranking

In June 2022, KKR rose to the top of Private Equity International's PEI 300 ranking, becoming the largest private equity firm in the world.

2022-10
KKR acquires Boasso Global

In October 2022, KKR acquired ISO tank services provider Boasso Global from Apax Partners.

2023-04-11
KKR buys stake in FGS Global

On April 11, 2023, KKR agreed to buy a 30% stake in FGS Global for about $1.4 billion, with existing investor Golden State Capital selling its entire stake to KKR.

2023-12-31
KKR Private Equity Investment Professionals Expansion

By the end of 2023, KKR has expanded its private equity investment professionals globally, enhancing its access to substantial global resources.

2024-02-15
KKR & Co. Inc. Ex-Dividend Date

On February 15, 2024, KKR & Co. Inc.'s ex-dividend date is set, indicating that investors buying shares on or after this date will not receive the upcoming dividend payment.

2024-02-26
KKR purchases EUC arm of VMware

On February 26, 2024, KKR announced the purchase of the EUC arm of VMware by Broadcom in a $3.8bn deal, including VDI product Horizon and device management suite Workspace ONE.

2024-03-01
KKR & Co. Inc.'s Quarterly Dividend Announcement

On March 1, 2024, KKR & Co. Inc. (KKR) declared a quarterly dividend per share of $0.17.

End of the Timeline
KKR & Co.

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KKR & Co.

American global investment company
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