KKR, Quadrantis Capital taking minority stakes in Hong Kong's Peak Re

KKR & Co. Inc. and Quadrantis Capital have agreed to acquire approximately 11.27% and 1.80% stakes, respectively, in Hong Kong-based Peak Reinsurance Co. Ltd. via Peak Reinsurance Holdings Ltd.

Prudential Financial Inc., which indirectly held an approximate 13.07% minority stake, has divested its stake in Peak Re. Fosun International Ltd. continues to hold an 86.71% stake.

The investments by KKR and Quadrantis Capital into Peak Re are expected to close in the fourth quarter, subject to customary closing conditions including regulatory approvals.