KKR said it agreed to acquire sports and secondaries investor Arctos Partners in a transaction valuing the company at $1.4 billion plus as much as $550 million in future equity. Arctos manages about $15 billion, according to a separate statement. KKR expects the Arctos deal to close in the second quarter and to scale to a $100 billion business over time. Bloomberg's Dani Burger speaks with KKR CFO Robert Lewin and Arctos CEO Ian Charles on 'Bloomberg Markets.' CORRECT: Live airing of this interview contained an on-air graphic that misquoted KKR CFO Robert Lewin. This video updates the graphic to make clear that Lewin said it is "unlikely you are going to see us do a ton more strategic M&A."
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