KKR & Co. L.P. (KKR) To Acquire Prisma Capital Partners
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Price: $20.16 +0.45%
Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 8.8%
Revenue Growth %: +90.1%
Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 8.8%
Revenue Growth %: +90.1%
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KKR & Co. L.P. (NYSE: KKR) announced an agreement to acquire Prisma Capital Partners LP (“Prisma”), a leading provider of customized hedge fund solutions.
The transaction is expected to close in the fourth quarter 2012, and financial terms were not disclosed.
As of April 1, 2012 Prisma had $7.8 billion in assets under management, with more than 90% belonging to institutional investors.
Upon the closing of the transaction, Prisma’s investment team will remain intact and core investment operations and processes will remain the same. Prisma will continue to operate under the Prisma brand.
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The transaction is expected to close in the fourth quarter 2012, and financial terms were not disclosed.
As of April 1, 2012 Prisma had $7.8 billion in assets under management, with more than 90% belonging to institutional investors.
Upon the closing of the transaction, Prisma’s investment team will remain intact and core investment operations and processes will remain the same. Prisma will continue to operate under the Prisma brand.
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