KKR & Co. Inc. (NYSE:KKR) and Neuberger Berman Group LLC agreed to acquire an unknown majority stake in FCG Acquisitions, Inc. on April 30, 2026. As part of this transaction, funds managed by KKR will maintain majority ownership of FCG, with Neuberger holding a significant minority interest in the FCG Acquisitions, Inc.
The transaction, which is subject to regulatory approvals, is expected to close in Q2 2026.
Solomon Partners, LP acted as financial advisor for FCG Acquisitions, Inc. and KKR & Co. Inc. Kirkland & Ellis LLP acted as legal advisor for FCG Acquisitions, Inc. and KKR & Co. Inc. William Regner, Andrew Ford, Yana Mereminsky, Justin Storms, Dominique Trudelle, Stephen Jordan of Debevoise & Plimpton LLP acted as legal advisor for FCG Acquisitions, Inc. and KKR & Co. Inc. Evercore Inc. acted as financial advisor for Neuberger Berman Group LLC. Latham & Watkins LLP acted as legal advisor for Neuberger Berman Group LLC.
KKR & Co. Inc. is a financial services group organized around 2 areas of activity:
- insurance (67% of revenues): notably life insurance and pensions. The group also offers reinsurance solutions for private and institutional clients;
- asset management (33%): management of private equity funds, equity funds, alternative credits, real estate assets, energy and infrastructure assets, investment funds, etc. In 2024, KKR & Co. Inc. has USD 637,572 million of assets under management.
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