KKR acquires Gen II for $5.1 billion

• KKR (NYSE:KKR) signed a definitive agreement to acquire Gen II Fund Services for $5.1 billion in enterprise value.
• The deal acquires Gen II from private equity investors Hg and General Atlantic.
• The transaction expands KKR fund administration capabilities across global private capital markets.

KKR (NYSE:KKR) agreed to acquire private capital fund administrator Gen II Fund Services for a total enterprise value of $5.1 billion.

The transaction represents a complete buyout from existing private equity investors Hg and General Atlantic.

"Gen II is exactly the type of financial services business we look for – a sophisticated sector leader with exceptional client relationships and a differentiated service model," said KKR Partner Chris Harrington.

Gen II currently provides administrative services to over 275 investment managers representing more than $2 trillion in assets.

Gen II quadrupled its revenue and EBITDA following a co-investment by General Atlantic and Hg in 2020.

The acquisition is subject to customary regulatory approvals and is expected to close in 2027.

SECTION 2: MASTER PROMPT FOR THE Q&A / FAQ GENERATION

Question 1