KKR Invests in Lyft
April 11 2017 - 4:01PM
Business Wire
KKR, a leading global investment firm, today announced the
closing of a primary investment in Lyft, a leading ridesharing
platform in the U.S. KKR is making the investment through its Next
Generation Technology Fund, a fund dedicated to growth equity
investment opportunities in the technology, media and
telecommunications space.
“Lyft is fundamentally changing the way people think about car
ownership and transportation,” said George Roberts, Co-Founder and
Co-CEO of KKR. “With ridesharing increasingly in high demand, we
are proud to partner with Lyft for their differentiated
customer-centric culture, impressive growth strategy and
exceptional management team, and to work together to change
transportation for the better for both passengers and drivers.”
The investment is part of a $600 million Series G round of
funding into the company. Financial details of the transaction were
not disclosed.
For more information on this investment, please see “Taking a
Ride with Lyft” on the KKR Blog.
About KKR
KKR is a leading global investment firm that manages investments
across multiple asset classes including private equity, energy,
infrastructure, real estate, credit and hedge funds. KKR aims to
generate attractive investment returns by following a patient and
disciplined investment approach, employing world‐class people, and
driving growth and value creation at the asset level. KKR invests
its own capital alongside its partners' capital and brings
opportunities to others through its capital markets business.
References to KKR's investments may include the activities of its
sponsored funds. For additional information about KKR & Co.
L.P. (NYSE:KKR), please visit KKR's website at www.kkr.com and
follow us on Twitter @KKR_Co or #KKRTMTGrowth for related news on
KKR’s TMT platform.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170411006215/en/
Media:KKRKristi Huller or Cara
Kleiman212-230-9722media@kkr.com
KKR (NYSE:KKR)
Historical Stock Chart
From Aug 2024 to Sep 2024
KKR (NYSE:KKR)
Historical Stock Chart
From Sep 2023 to Sep 2024