KKR News

KKR-Backed Optiv Plans to Offer Cyber Security Services in Europe

Optiv Security, an acquisitive Denver-based company backed by private equity firm KKR, is expanding into Europe where it will offer its cyber security management and consultancy services, executives said on Tuesday. Optiv also is looking to roll-up independent security firms …

KKR and Canadian Pension Fund to Acquire Insurance Broker USI in $4.3 Billion Deal

Private equity firm KKR and Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ) agreed to buy USI Insurance Services from Onex Corp. in a $4.3 billion deal, including debt. The deal is the latest in a string …

KKR and CDPQ Announce Joint Acquisition of New York-Headquartered USI

KKR, a global investment firm, and Caisse de dépôt et placement du Québec (CDPQ), a long-term institutional investor, have announced their joint acquisition of USI Insurance Services (USI), a U.S. insurance brokerage and consulting firm headquartered in Valhalla, N.Y. As …

3 Firms Reported in Bidding for USI Insurance; Offers Top $4 Billion

Carlyle Group LP, CVC Capital Partners and KKR & Co. are among suitors that have made first-round bids for Onex Corp.’s USI Insurance Services, according to people familiar with the matter. The initial offers value the Valhalla, New York-based insurance …

Alliant in California Announces Investment from Stone Point Capital

Newport Beach, Calif.-based Alliant Insurance Services announced a significant equity investment from funds managed by Stone Point Capital LLC. In connection with the transaction, funds managed by Stone Point will become Alliant’s largest institutional shareholders. Following the transaction, Alliant’s existing …

Insurance Linked Securities Specialist Nephila Hired by Blackstone Vehicle

A Blackstone Group LP vehicle offering hedge fund strategies to mutual fund investors plans to allocate money to a firm backed by rival KKR & Co. The Blackstone Alternative Multi-Strategy Fund is hiring Nephila Capital Ltd. as a sub-adviser, according …

KKR to Buy Majority Stake in Claims Firm Sedgwick for $2.4 Billion

Sedgwick Claims Management Services Inc. said KKR & Co. LLP and company management would buy the provider of claims services for $2.4 billion, the latest in a wave of private-equity activity in the growing industry. A rising number of claims …

KKR to Buy Claims Technology Firm Mitchell in $1B Deal

KKR & Co., the private-equity firm led by Henry Kravis and George Roberts, agreed to buy ., the first buyout by the firm’s technology group since the head of the team stepped down earlier this year. The transaction is valued …

Former Willis Group CEO Plumeri Joins KKR

KKR & Co., the buyout firm run by Henry Kravis and George Roberts, hired former insurance executive Joseph Plumeri as a senior adviser to help find new deals and to work with portfolio companies. Plumeri, ex-chief executive officer of Willis …

Carlyle, KKR Among Bidders for Insurer in ‘Hot’ Thai Market

Carlyle Group LP and KKR & Co. LP are among the bidders to have made first round offers to buy a minority stake in Thai Life Insurance Co. Ltd., in a deal said to be worth about $500 million, according …