KKR to acquire Gen II Fund Services for more than $5 billion from Hg and General Atlantic
KKR•KKR will acquire Gen II Fund Services for an enterprise value of $5.10 billion from Hg, General Atlantic and other minority investors. The deal is expected to close in 2027, subject to regulatory approvals, and Gen II CEO Steven Millner will continue to lead the company.
1. Deal details
KKR will acquire Gen II Fund Services for an enterprise value of $5.10 billion from Hg, General Atlantic and other minority investors. The deal is expected to close in 2027, subject to regulatory approvals; Gen II’s leadership team, led by CEO Steven Millner, will continue.
