KKR Cashes Out of Railcar Business in $2.9 Billion Deal With Ares - KKR (NYSE:KKR), Ares Management (NYSE

KKR agreed to sell Infinity Transportation to Ares funds for approximately $2.9B, with the deal expected to close in Q1 2027. The sale is subject to approvals and represents KKR's exit on an asset held since 2016.

Ares Management will acquire Infinity Transportation from KKR for $2.9 billion. Infinity, a railcar leasing platform, operates 50,000 railcars in North America. Ares plans to expand the fleet and pursue acquisitions, expecting growth from reshoring and supply chain trends. The deal is expected to close in Q1 2027.

KKR agreed to sell Infinity Transportation, its railcar-leasing platform, to Ares Management for $2.9bn. Infinity manages 50,000 railcars for 350 customers. KKR's share price was unchanged post-announcement. The deal is expected to close in Q1 2027, subject to approvals.

The European Commission reopened its investigation into KKR's 2024 takeover of TIM, alleging the firm provided misleading information. KKR disputes the claim and faces potential fines up to 1% of global turnover. The Commission's clearance of the deal remains valid.

Ares Management Corporation (NYSE: ARES) agreed to acquire Infinity Transportation Equipment Leasing, LLC from The Global Atlantic Financial Group for $2.9 billion. The deal, expected to close in Q1 2027, is subject to regulatory approvals. Ares had $622.5 billion in assets under management at year-end 2025.

The European Commission has sent a Statement of Objections to KKR, alleging the firm provided incorrect or misleading information during its 2024 investigation of KKR's acquisition of NetCo, part of Telecom Italia. The Commission preliminarily views KKR's claims about long-term wholesale access agreements as misleading, as FiberCop later increased prices unilaterally. KKR has the opportunity to respond. The Commission may impose fines or revoke the merger clearance if findings are confirmed.