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KKR & CO. INC.

(KKR)
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KKR-Backed PHC Holdings Plans $740.6 Million Initial Public Offering

10/06/2021 | 04:24am EST

By Kosaku Narioka

KKR & Co.-backed PHC Holdings Corp. said it plans to sell shares worth 82.55 billion yen ($740.6 million) in an initial public offering.

The Japanese healthcare-device maker, formerly known as Panasonic Healthcare, said Wednesday it plans to offer 6.6 million new shares and 18.8 million shares held by existing shareholders, including KKR, Japanese trading house Mitsui & Co. and Panasonic Corp.

The IPO price of Y3,250 apiece was at the lower end of the Y3,250-Y3,500 range used in a book building process and would value the company around Y400 billion, given about 123.0 million shares outstanding at the time of listing.

The shares are scheduled to be listed on the Tokyo Stock Exchange on Oct. 14.

KKR, which bought the healthcare business from Panasonic in 2014, held a 46% stake in the company as of Sept. 7, while Mitsui owned a 20% interest and Panasonic had 11% ownership.

Write to Kosaku Narioka at kosaku.narioka@wsj.com

(END) Dow Jones Newswires

10-06-21 0624ET

Stocks mentioned in the article
ChangeLast1st jan.
KKR & CO. INC. -0.93% 76.98 Delayed Quote.90.12%
MITSUI & CO., LTD. -0.48% 2609 End-of-day quote.38.08%
PANASONIC CORPORATION -0.79% 1261 End-of-day quote.5.92%
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Analyst Recommendations on KKR & CO. INC.
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Financials (USD)
Sales 2021 2 947 M - -
Net income 2021 4 347 M - -
Net Debt 2021 9 180 M - -
P/E ratio 2021 12,2x
Yield 2021 0,75%
Capitalization 45 034 M 45 034 M -
EV / Sales 2021 18,4x
EV / Sales 2022 14,5x
Nbr of Employees 1 583
Free-Float 93,2%
Chart KKR & CO. INC.
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KKR & Co. Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends KKR & CO. INC.
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 15
Last Close Price 76,98 $
Average target price 89,77 $
Spread / Average Target 16,6%
EPS Revisions
Managers and Directors
Joseph Yong Bum Bae Co-Chief Executive Officer & Director
Scott Charles Nuttall Co-Chief Executive Officer & Director
Robert H. Lewin Chief Financial Officer
Henry R. Kravis Executive Co-Chairman
George Rosenberg Roberts Executive Co-Chairman
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