KKR Investment: The German aircraft company OHB recently announced that the American financial giant KKR will buy a modest stake in the German business. This is part of OHB’s plan to leave the stock market.
KKR will make a public tender offer for all shares, according to OHB’s presentation. 44 euros ($48.34) is the price. OHB is worth 768 million euros based on this estimate. OHB’s stock rose to 43 euros from Friday’s 32.2 euros on Monday.
Even if KKR is less involved, the Fuchs family controls OHB because they own nearly 70% of its shares. The group’s CEO, Marco Fuchs, will stay in charge for five more years.
OHB benefits financially from KKR’s guarantee of up to 338 million euros. This investment includes a takeover attempt, a 10% stock increase, and a financial infusion for Rocket Factory, OHB’s company. KKR’s pledge is part of a bigger investment that includes a takeover proposal, a 10% stock increase, and a cash injection for OHB subsidiary Rocket Factory.
Fuchs states, “We are delighted that with KKR as a minority investor, we have found the ideal partner to support our long-term growth and vision.” The friendship pleases Fuchs.
OHB’s supervisory and executive boards approved the action. They’re ready to recommend that shareholders accept the offer.
OHB’s financial restructuring is just the start. Bremen-based Space Supply is determined to dominate the space supply industry. Europe-wide commercial and government clientele is its core focus.
OHB made over one billion euros in revenue last year with the support of 3,000 industrious employees. The company’s success achieved this goal.
KKR partner and German-speaking area head Christian Ollig said, “The world market for space solutions will continue to grow.” Europe has untapped potential, we believe.”
The fact that OHB achieved a great first-half pre-tax profit of 19.6 million euros and a fantastic order backlog of 1.8 billion euros shows how good the company is. This interaction could propel OHB beyond the Earth’s atmosphere.
Our Reader’s Queries
What does KKR invest in?
Our investment portfolio spans across the globe, encompassing private equity, credit, and real assets such as infrastructure and real estate. Additionally, we provide capital markets and insurance solutions to our clients. Our expertise in these areas allows us to offer a comprehensive range of investment options to meet the unique needs of each individual client.
Who are KKR biggest investors?
652,639,859 shares are held by institutional investors, with Capital International Investors, Vanguard Group Inc, BlackRock Inc., Harris Associates L P, Principal Financial Group Inc, and T being the largest shareholders.
Is KKR a good private equity firm?
KKR is a well-established and highly respected private equity investor that has played a significant role in popularizing the leveraged buyout as an investment strategy. With a long history of success, KKR is widely recognized as one of the most prominent players in the industry. Their expertise and experience have helped them to achieve impressive results for their clients, making them a trusted partner for investors around the world.
What is the minimum investment in KKR?
The KKR Private Markets Equity Fund SICAV SA is a fund that does not use long-term leverage, but does have a short-term credit facility of up to 30% of NAV for liquidity management. The minimum investment for Share Class R&N is USD 25,000, or more in accordance with local regulatory requirements. For Share Class I, the minimum investment is AUD 1,000,000.