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Citi: KKR Capstone Critical to Driving Revenue and Growth


According to a research report published today by Citi, KKR & Co.'s (NYSE: KKR) Capstone unit is driving value creation.

Citi said in the report, “Affirm Buy and $18.50 12-month SOTP price target post constructive investor presentation/webcast on 3/12. Discussion focused exclusively on KKR Capstone, KKR's ~60 member global team focused on working with management teams to drive operational improvements & EBITDA growth at PE-related portfolio companies. Through detailed case studies, the presentation highlighted substantial financial “flow through” while broadly reinforced KKR's building strategic positioning, differentiated PE platform, and breadth & depth of platform across geographies & businesses. Importantly, we see KKR Capstone as key differentiator, particularly as B/S rationalization deals become increasingly less robust and smaller PE players lack critical infrastructure to drive similar value enhancements, we believe.”

KKR & Co. closed yesterday at $14.26.

Posted-In: CitiAnalyst Color Reiteration Analyst Ratings


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