As per a Reuters report, Kohlberg Kravis Roberts & Co. ( KKR ) is nearing a deal to acquire Goodpack Ltd., a Singapore-based company that provides packaging alternative for bulk cargo. The financial details of the deal were not disclosed. However, the market value of the packaging company presently stands at $1.1 billion.
The transaction, in the talks for the last one year, has recently reached final stages. Nevertheless, nothing concrete can yet be assured. The acquisition, if materialized, would mark one of the largest investments by Kohlberg Kravis in the Asia Pacific region in the recent past.
Kohlberg Kravis, known for its inorganic growth strategies, is always on the lookout for lucrative properties with growth potential. Some of its latest deals reflect not only the company's global expansion strategy but also the plans to widen its portfolio to sectors ranging from packaging to healthcare.
Moreover, the demand for alternative investment strategies offered by firms like Kohlberg Kravis is on the rise, which further enhances the company's fund-raising capabilities. Hence, going forward we foresee increased investment activities to continue supporting top-line growth.
In February, Kohlberg Kravis entered into a definitive agreement with National Vision, Inc. to acquire the latter from Berkshire Partners. National Vision is a leading optical retailer in U.S. which specializes in manufacturing cost-friendly contact lenses and eyewear. According to a Reuter 's source, the value of the transaction could amount to over $1 billion.
Kohlberg Kravis currently carries a Zacks Rank #2 (Buy). Better-ranked investment managers include Affiliated Managers Group Inc. ( AMG ), Cohen & Steers Inc. ( CNS ) and Woori Finance Holdings Co., Ltd. ( WF ). All these stocks sport a Zacks Rank #1 (Strong Buy).