Summary
KKR & Co. Inc. (KKR) has entered into a Stipulation and Order with the U.S. Department of Justice's Antitrust Division to resolve a civil antitrust complaint filed in January 2025. The complaint concerned certain premerger notification requirements under the Hart-Scott-Rodino (HSR) Act for transactions in 2021 and 2022. The settlement requires a subsidiary of KKR to pay $250.0 million to the Antitrust Division, contingent on a proposed final judgment being approved by the court.
Key Highlights
- 1KKR has reached a settlement with the DOJ's Antitrust Division, resolving a civil antitrust complaint regarding HSR Act filings from 2021-2022.
- 2A subsidiary of KKR will pay $250.0 million as part of the settlement.
- 3The settlement is contingent on judicial approval of a proposed final judgment.
- 4The Antitrust Division has terminated all related investigations against KKR and its affiliates.
- 5KKR states the civil penalty will have no financial impact on the firm, its funds, or investors, as it will be fully reimbursed by outside law firms.
- 6KKR maintains it acted in good faith and believed its prior filing process was consistent with industry practice.
- 7The company views the settlement as a way to avoid significant distraction from ongoing litigation.
Frequently Asked Questions
KKR has agreed to a civil settlement with the U.S. Department of Justice's Antitrust Division to resolve a complaint concerning certain Hart-Scott-Rodino (HSR) Act premerger notification filings made in 2021 and 2022. The settlement involves a $250.0 million payment and requires judicial approval of a proposed final judgment.
KKR explicitly states that the $250.0 million civil penalty will have no financial impact on the firm, its funds, or any of its investors. The company asserts that the penalty will be fully reimbursed by outside law firms involved in the matter.
No, KKR strongly disagrees with the Antitrust Division's characterization of the matter. The company believes its firm acted in good faith at all times under its prior filing process and that this process was consistent with industry practice. They pursued the settlement to avoid the distraction of ongoing litigation.
No, the Antitrust Division has notified KKR that it has terminated all of its related investigations against the Company and its affiliates as part of this settlement.