KKR to Acquire Mitsubishi Corp.-UBS Realty Inc.

INVESTMENT MANAGEMENT DEALS BLOG

April 6, 2022

On March 17, 2022, KKR & Co. Inc. announced that it will acquire Mitsubishi Corp.-UBS Realty Inc.

Under the terms of the transaction, KKR & Co. Inc. (“KKR”), through a subsidiary, will acquire Mitsubishi Corp.-UBS Realty Inc. (“MC-UBSR”) from Mitsubishi Corporation (“Mitsubishi”) and UBS Asset Management, a subsidiary of UBS Group and UBS AG (“UBS”), for JPY230 billion (approximately $2 billion USD) through an all-cash transaction. MC-UBSR’s existing management team will continue to manage MC-UBSR’s two Tokyo Stock Exchange-listed real estate investment trusts, Japan Metropolitan Fund Investment Corporation and Industrial & Infrastructure Fund Investment Corporation. The transaction is expected to close in April of 2022, subject to regulatory approval and customary closing conditions.

KKR (NYSE: KKR), based in New York, New York, is a global investment firm that manages multiple alternative asset classes, including private equity, credit and real assets, with strategic partners that manage hedge funds. As of December 31, 2021, KKR had approximately $41 billion in real estate assets under management.

Mitsubishi, based in Japan, is a global integrated business enterprise that offers consumer industry, power solution, urban development, natural gas, industrial materials, mineral resources, industrial infrastructure, food industry, petroleum & chemicals solution, and automotive & mobility services. Mitsubishi has approximately $15 billion in assets under management.

UBS, based in Switzerland, is a personal and corporate bank that advises wealthy, corporate, and institutional clients worldwide, as well as private clients within Switzerland.

To read the press release: please click here.

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