BlackRock Acquires Kreos Capital

KKR, Ares and BlackRock Recapitalize KBS (Kellermeyer Bergensons Services)

March 25, 2024

Industrial Services

KBS (Kellermeyer Bergensons Services), a leading North American provider of technology-enabled integrated facility management services headquartered in Oceanside, California, completed a recapitalization in which investment funds and accounts managed by KKR, Ares Management and BlackRock Capital Investment Advisors became majority equity holders. The transaction provides KBS with capital to invest in go-to-market capabilities and to accelerate growth while supporting continued delivery of facility services across industrial, commercial, logistics, retail and grocery end markets.

Kering Beauté Acquires Creed

June 26, 2023

Consumer Products

Kering Beauté, the beauty division of Kering, has signed an agreement to acquire 100% of Creed from funds controlled by BlackRock Long Term Private Capital Europe and current Chairman Javier Ferrán. The all-cash buyout (expected to close in H2 2023 subject to regulatory approvals) brings the heritage luxury fragrance house — which generated more than €250 million for the year ended March 31, 2023 and operates ~36 branded stores and ~1,400 doors globally — into Kering's luxury portfolio to accelerate Creed's geographic and category expansion, notably in China and Travel Retail.

Sun European Affiliate Acquires K3 Capital Group plc

March 1, 2023

Professional Services

An affiliate of Sun European Partners has completed the acquisition of K3 Capital Group plc, a UK-based multidisciplinary advisory services group serving SMEs. Sun European intends to apply its buy-and-build and operational expertise to accelerate K3's growth and continue an acquisitive strategy across professional services.

Parthenon Capital Partners Acquires Majority Stake in KBRA

December 13, 2021

Financial Services

Parthenon Capital Partners has agreed to acquire a majority stake in KBRA, the full-service global credit rating agency headquartered in New York. The investment will provide KBRA with capital and partnership to accelerate growth, expand its analytics and ratings capabilities, and support domestic and international expansion.

BlackRock Acquires HPS Investment Partners

July 1, 2025

Financial Services

BlackRock has completed its acquisition of HPS Investment Partners and is creating a combined Private Financing Solutions (PFS) platform that integrates BlackRock’s public fixed income capabilities with HPS’s private credit, GP/LP, and CLO businesses. The combined PFS franchise will manage approximately $190 billion in client assets for private credit and maintain HPS branding as “HPS, a part of BlackRock,” with HPS CEO Scott Kapnick joining as an observer to the BlackRock board.

Credit Suisse Acquires The Klein Group (MK&C) for $175M

February 9, 2023

Financial Services

Credit Suisse Group AG has acquired The Klein Group LLC (MK&C), the investment banking business of M. Klein & Company LLC, for USD 175 million. The seller will receive equity exposure in CS First Boston via a convertible note and warrant, and Michael Klein will be appointed CEO of Banking, CEO Americas and designated CEO of CS First Boston. The deal is intended to strengthen and accelerate the carveout and build-out of CS First Boston as an independent capital markets and advisory-led business.