KKR to buy fund administrator Gen II in $5.1 billion deal including debt

KKR agreed to acquire Gen II Fund Services, a funds administration business serving 275 investment managers with $2 trillion in assets, for $5.1 billion. The deal is expected to close in 2027 and will be supported by KKR's private equity strategy. Gen II has expanded its services and quadrupled revenue since 2020. KKR aims to support Gen II's global growth and employee ownership programs.

KKR agreed to buy Gen II, a fund administrator, for $5.1 billion, including debt. The seller is a group led by Hg and General Atlantic. Gen II serves over 12,000 clients, handling back-office functions for private-capital funds. KKR manages $796 billion in assets, with $255 billion in private equity. The deal aligns with KKR's financial services investments, according to the Journal.

KKR & Co Inc (KKR) announced the acquisition of Gen II, a provider of administrative services, for approximately $5 billion. The deal aligns with KKR's strategy to enhance its private equity service offerings. According to GuruFocus, KKR's stock is undervalued by 34.7%, with a GF Value of $137.73 compared to its current price of $89.96. The company has a GF Score of 86/100, indicating strong overall performance.

KKR agreed to acquire Gen II Fund Services, a funds administration business serving 275 investment managers with $2 trillion in assets, for $5.1 billion. The deal is expected to close in 2027. KKR plans to support Gen II's growth and implement an employee ownership program. Gen II has expanded its services and quadrupled revenue since 2020.

KKR acquires Gen II Fund Services for $5.1bn, including debt. Gen II provides back-office services to 275 private equity and credit firms, with revenue and operating profit quadrupling since 2009. KKR's private credit fund received redemption requests exceeding its 5% quarterly limit.

KKR has agreed to acquire Gen II Fund Services for an enterprise value of $5.1 billion. The deal is subject to regulatory approvals and other customary closing conditions. According to KKR, the acquisition will expand its asset management capabilities. The transaction is expected to close in the first half of 2027.