KKR Maps Growth Plan Tied to $2.7 Billion Insurance Deal
null By Ted BunkerUpdated Nov. 29, 2023 5:20 pm ET|WSJ ProThe New York offices of KKR & Co. Photo: Sarah Blesener for The Wall Street JournalKKR & Co. said it is acquiring the rest of insurer Global Atlantic Financial Group in a $2.7 billion deal that came with a growth-focused reshuffling of business segments within the publicly traded private-equity firm, which also raised its earnings outlook, prompting a surge in its shares Wednesday. The changes focus on driving long-term growth and include a new way of determining employee compensation that makes payouts less reliant on management fees and more dependent on investment realizations, executives said on a conference call with analysts to discuss the revamp contingent on the Global Atlantic transaction. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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