KKR & Co. (NYSE:KKR) is expanding its dealmaking — buying 51% of Thomson Reuters’ Global Print/legal unit for about $500M while co-leading a US$5.33B bid for Steadfast and marketing a PayPal‑BNPL‑backed securitization — even as Oppenheimer trims its price target to $139.
Previous Week Recap
- KKR Buys 51% Thomson Reuters: KKR to buy 51% of Thomson Reuters’ Global Print/legal info for ~$500M. TR keeps 49%, IP and editorial control. Unit had ~$490M revenue. Deal targets Q4 2026 close, pending approvals.
- KKR Joins Steadfast Bid Co-Lead: KKR co-led a US$5.33B takeover bid for Australian broker Steadfast, joining Amwins Group and Dragoneer as co-investors — key deal and price for KKR traders to note.
- KKR Secures PayPal BNPL Securities: KKR is marketing a debt deal backed by PayPal-originated buy-now-pay-later loan receivables, packaging those consumer installment loans as collateral and soliciting investors for the securitization.
- Oppenheimer Maintains Outperform; PT Down: Oppenheimer kept an Outperform on KKR and cut its price target from $143 to $139 per share, a $4 reduction.
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