KKR & Co. Inc.

KKR to sell railcar-leasing company Infinity to Ares for $2.9 billion

NEW YORK--(BUSINESS WIRE)--KKR & Co. Inc. (NYSE: KKR) and Ares Management Corporation (NYSE: ARES) (“Ares”) today announced a definitive agreement under which KKR will sell Infinity Transportation (“Infinity” or the “Company”), a scaled, full-service railcar and intermodal equipment lessor, to Ares Infrastructure Equity and Ares Insurance Solutions funds for an enterprise value of approximately $2.9 billion. The transaction is subject to customary closing conditions and regulatory approvals.

The European Commission said it provisionally found that the group gave what it said was incorrect or misleading information related to long-term wholesale access agreements.

EU says KKR might have misled it over Telecom Italia deal

India, Japan, and Poland are just some of the markets that will benefit as companies pursue the “security of everything,” says Henry McVey, head of global macro and asset allocation at KKR.