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KKR Inks $370 Million Investment, Propels Lighthouse's Global Hospitality Ambitions

Author: Lekha Gupta | November 21, 2024 09:50am

KKR & Co. Inc. (NYSE:KKR) shares are trading higher premarket on Thursday. The company led a $370 million growth investment in Lighthouse, a commercial intelligence platform for the travel and hospitality industry.

This funding will propel Lighthouse’s efforts to transform commercial strategy within the $15 billion travel and hospitality technology sector.

The investment will be allocated towards further product innovation, strategic acquisitions, and expanding Lighthouse's global presence.

Notably, KKR has a proven track record of investing $23 billion in technology-focused growth companies since 2010, which will help Lighthouse expand globally.

Sean Fitzpatrick, CEO of Lighthouse said, “This investment by KKR significantly accelerates our ability to enhance our commercial platform through expanded AI capabilities and additional data sets, enabling us to better serve our existing customers while continuing to expand across the hospitality market.”

Yesterday, KKR launched the second stage of its tender offer for FUJI SOFT INCORPORATED shares and share options, which started on November 20, 2024, and will run until December 19, 2024.

The tender offer price is 9,451 yen per common share and varies for share options, with prices set at 1,197,200 yen for the 5th Series, 1,059,800 yen for the 6th Series, and 293,200 yen for the 7th Series.

Investors can gain exposure to KKR via FM Focus Equity ETF (NYSE:FMCX) and EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF (BATS:LBO).

Price Action: KKR shares are up 1.19% at $153.99 premarket at the last check Thursday.

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Posted In: FMCX KKR LBO

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