KKR Income Opportunities Fund (NYSE:KIO) managed by KKR & Co. Inc. (NYSE:KKR) agreed to acquire Assets of Insight Select Income Fund (NYSE:INSI) managed by Insight North America LLC on October 8, 2024. Under the terms of the agreement, shareholders of Insight Select Income Fund will receive shares of KIO and may elect to receive up to 5% of the consideration in cash. The boards of directors of KKR Income Opportunities Fund and Insight Select Income Fund have unanimously approved the transaction, which is expected to close in the fourth quarter of 2024, subject to the receipt of necessary KKR Income Opportunities Fund and Insight Select Income Fund shareholder approvals and other closing conditions. UBS Securities LLC served as financial advisor to Insight North America LLC (?Insight?). Dechert LLP served as legal counsel to KKR Income Opportunities Fund and KKR Credit Advisors (US) LLC, Clifford Chance LLP served as legal counsel to Insight and Troutman Pepper Hamilton Sanders LLP served as legal counsel to Insight Select Income Fund.
KKR Income Opportunities Fund (NYSE:KIO) managed by KKR & Co. Inc. (NYSE:KKR) completed the acquisition of Assets of Insight Select Income Fund (NYSE:INSI) managed by Insight North America LLC on February 10, 2025.
KKR & Co. Inc. is a financial services group organized around 2 areas of activity:
- insurance (67% of revenues): notably life insurance and pensions. The group also offers reinsurance solutions for private and institutional clients;
- asset management (33%): management of private equity funds, equity funds, alternative credits, real estate assets, energy and infrastructure assets, investment funds, etc. In 2024, KKR & Co. Inc. has USD 637,572 million of assets under management.
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