Full acquisition of Global Atlantic driving massive growth plan at KKR
December 1, 2023 by John Hilton
KKR’s deal to acquire the remaining 37% of Global Atlantic Financial Group is part of a larger plan to power up the investment firm’s overall earnings to compete with the likes of Berkshire Hathaway.
In a deal announced Wednesday morning, KKR will pay about $2.7 billion in an all-cash transaction to buy out minority stakeholders of Global Atlantic. The cost is well above the $4.7 billion KKR paid to acquire 63% of the insurer three years ago.
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