New York City-based KKR & Co., a private equity firm managing $176 billion in assets as of March 31, inked a deal to purchase Nashville, Tenn.-based physician services provider Envision Healthcare.
Envision Healthcare fielded offers from nine private equity firms before signing its $9.9 billion transaction with KKR, according to a Securities and Exchange Commission filing.
Here are five things to know about Envision's soon-to-be owner, KKR:
1. Kohlberg Kravis Roberts & Co. was founded in 1976 by Henry Kravis and George Roberts. Mr. Kravis and Mr. Roberts currently serve as co-chairmen and co-CEOs of KKR.
2. KKR is a global investment firm with footprints in Europe, Asia and the Middle East. Its assets include private equity, energy, infrastructure, real estate, credit and hedge funds.
3. As of March 31, KKR had 1,200-plus employees, consultants and senior advisers. The company also had about 385 investment professionals working across 16 industries worldwide.
4. KKR has 101 portfolio companies in its private equity funds. The companies generated more than $165 billion in annual revenues as of Dec. 31, 2017.
5. In 2017, KKR opened an office in Shanghai. The office marks KKR's third in greater China and eighth in the Asia-Pacific region.