KKR Forms Strategic Alliance with Loop Capital to Offer Equity Research and Distribution Capabilities
August 04 2022 - 4:15PM
Business Wire
KKR, a leading global investment firm, and Loop Capital Markets
(“Loop Capital”), a black owned and led investment bank, brokerage
and advisory firm today announced a strategic alliance under which
Loop Capital could independently offer investment banking and
equity research capabilities to KKR’s equity capital markets (ECM)
clients, which include private companies and private equity
sponsors.
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The ability for Loop Capital to offer its services to KKR equity
capital markets clients will bolster KKR’s capacity to serve as a
full-service underwriter for initial public offerings (IPOs) for
both KKR portfolio companies and non-KKR affiliated companies. The
strategic alliance will also broaden KKR’s distribution base for
ECM transactions by providing the firm with access to Loop
Capital’s complementary base of institutional investors.
KKR has worked with Loop Capital on ECM transactions since 2011
when Loop Capital was part of the underwriting syndicate for the
IPO of Nielsen, a former KKR portfolio company. Since then Loop
Capital has served as an underwriter on 15 KKR capital markets
transactions, including IPOs and follow-on offerings for Fiserv,
Academy Sports & Outdoors and KKR Acquisition Holdings I.
“This is an important milestone for our capital markets business
and a testament to our continued commitment to expanding our ECM
capabilities for the benefit of our clients,” said Adam Smith,
Co-Head of Credit and Capital Markets at KKR. “We are excited to
deepen our relationship with Loop Capital and look forward to
bringing the benefits of their market-leading franchise to our
platform.”
“We are thrilled to enter into this strategic alliance with Loop
Capital to add to the suite of capabilities that we currently
offer, particularly in relation to equity research and
institutional sales,” said David Bauer, Managing Director and Head
of Equity Capital Markets at KKR. “We are committed to providing
our clients with the resources they need to be successful and
entering this strategic alliance helps bolster this ability.”
“We have worked with KKR for over a decade and have tremendous
respect for the leading capital markets platform that they have
built,” said Jim Reynolds, CEO of Loop Capital. “I look forward to
expanding our collaboration and bringing our firms closer together
through this strategic alliance.”
KKR has issued more equity to the public markets over the past
decade than any other private equity firm. KKR launched its capital
markets business in 2007 to provide custom financing solutions and
capital markets execution for its portfolio companies and
investors. Today, KKR Capital Markets (KCM) is a global,
full-service capital markets platform that provides tailored
financing and execution for every stage of an issuer’s lifecycle.
KCM supports KKR companies and non-KKR affiliated corporate
clients, including other sponsors, and has a dedicated team of more
than 70 professionals globally.
About KKR KKR is a leading global investment firm that
offers alternative asset management as well as capital markets and
insurance solutions. KKR aims to generate attractive investment
returns by following a patient and disciplined investment approach,
employing world-class people, and supporting growth in its
portfolio companies and communities. KKR sponsors investment funds
that invest in private equity, credit and real assets and has
strategic partners that manage hedge funds. KKR’s insurance
subsidiaries offer retirement, life and reinsurance products under
the management of Global Atlantic Financial Group. References to
KKR’s investments may include the activities of its sponsored funds
and insurance subsidiaries. For additional information about KKR
& Co. Inc. (NYSE: KKR), please visit KKR’s website at
www.kkr.com and on Twitter @KKR_Co.
About Loop Capital Markets Loop Capital is a full-service
investment bank, brokerage and advisory firm that provides creative
capital solutions for corporate, governmental and institutional
entities across the globe. Loop Capital was founded in 1997 and is
now one of the largest privately-held investment banks in the U.S.
and the largest minority or women owned investment banking firm in
the world. Loop Capital’s reputation for integrity and service -
coupled with the firm’s track record of success - has allowed them
to serve an expanding number of clients from coast to coast and
globally. The firm’s uncompromising commitment to excellence means
that clients get superior, focused service across the entire
platform.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220804005775/en/
Media: KKR: Julia Kosygina +1 212-750-8300 Media@kkr.com
Loop Capital: Jorian Seay Saunders jorian.seay@loopcapital.com
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