KKR Completes Acquisition of Ensono

KKR Completes Acquisition of Ensono Back to Press Releases

KKR Completes Acquisition of Ensono

June 4, 2021

KKR, a leading global investment firm, and Ensono, a leading hybrid IT services provider, today announced the closing of the previously announced acquisition of Ensono by KKR. Ensono provides a comprehensive suite of services that help enterprises manage, optimize and modernize their IT systems across mainframe, cloud and hybrid infrastructure.

“Joining the KKR family strengthens our position as a leading managed service provider and enables us to grow and drive innovation to meet the changing needs of our clients,” said Jeff VonDeylen, CEO of Ensono. “We have a great partner in KKR who shares our values, our vision, and is committed to our success.”

“Ensono is a true leader in digital transformation and creating innovative solutions that meet clients’ business needs,” said Webster Chua, Partner at KKR. “We are excited to begin working with the Ensono team as they double down on their hybrid solutions strategy and look to enter a new chapter of accelerated growth.”

Charlesbank Capital Partners and M/C Partners acquired Ensono in 2015 and, in partnership with management, have scaled the business, expanding the Company’s customer base and services significantly. KKR is making the investment primarily from its Americas XII Fund.

UBS Investment Bank and Guggenheim Securities, LLC served as financial advisors to Ensono. Morgan Stanley & Co LLC and RBC Capital Markets, LLC served as financial advisors to KKR. Goodwin Procter LLP provided legal counsel to Ensono and Simpson Thacher & Bartlett LLP served as KKR’s legal counsel. Jamieson Corporate Finance and Arnold & Porter advised Ensono management on the transaction.

For media inquiries, please contact Beth Burghgraef at: beth.burghgraef@ensono.com.

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This presentation contains certain forward-looking statements pertaining to KKR & Co. Inc. and its consolidated subsidiaries (collectively “KKR”), including certain investment funds, vehicles and accounts that are managed by KKR (each, a “fund”). Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. The forward-looking statements are based on KKR’s beliefs, assumptions and expectations of its future performance, taking into account all information currently available to it. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to KKR or are within its control. If a change occurs, KKR’s business, financial condition, liquidity and results of operations, including but not limited to, assets under management, fee paying assets under management, after-tax distributable earnings, capital invested, syndicated capital, uncalled commitments, cash and short-term investments, fee related earnings, fee and yield segment EBITDA, core interest expense and book value, may vary materially from those expressed in the forward-looking statements. The following factors, among others, could cause actual results to vary from the forward-looking statements: whether KKR realizes all or any of the anticipated benefits from converting to a corporation and the timing of realizing such benefits; whether there are increased or unforeseen costs associated with the conversion, including any adverse change in tax law; the volatility of the capital markets; the general volatility of the capital markets; failure to realize the benefits of or changes in KKR’s business strategies including the ability to realize the anticipated synergies from acquisitions or strategic partnerships or other transactions; availability, terms and deployment of capital; availability of qualified personnel and expense of recruiting and retaining such personnel; changes in the asset management industry, interest rates or the general economy; underperformance of KKR's investments and decreased ability to raise funds; and the degree and nature of KKR’s competition. All forward-looking statements speak only as of the date they are made. KKR does not undertake any obligation to update any forward-looking statements to reflect circumstances or events that occur after the date on which such statements were made except as required by law. In addition, KKR’s business strategy is focused on the long-term and financial results are subject to significant volatility.

Additional information about factors affecting KKR, including a description of risks that may be important to a decision to purchase or sell any common or preferred stock of KKR & Co. Inc., can be found in KKR & Co. Inc.’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and its other filings with the SEC, which are available at www.sec.gov.