KKR & Company (KKR) announced on February 27, 2018, that it would be advancing funds to Qui! Group in order to support the company so that it would experience growth.
The private equity company will also help Qui! to expand its operations internationally. Qui! is currently in the business of card loyalty programs and welfare services. The company is also in the business of electronic payments.
In Europe, KKR has an impressive history of helping family-owned companies and entrepreneurs. KKR has helped companies achieve the position of global leaders, and it has a wealth of experience in the technology sector.
What management has to say
Qui! Group’s management has a positive outlook on the partnership, as the company can now target international markets. The company is taking several steps to increase its presence overseas as well as in Italy. Because of KKR, Qui! can work toward innovation, especially in electronic payments. Qui! enjoys a user base of more than 20 million, and on average, it witnesses 105 million electronic transactions per year in Italy.
KKR’s management is of the view that Qui! Group is currently at a stage in which it can target an international audience.
On a trailing-12-month basis, KKR & Company has an ROIC (return on invested capital) of 2.3%, while its competitors (XLF) Ameriprise Financial (AMP), Oaktree Capital Group (OAK), and CBRE Group (CBG) have ROICs of 1.5%, 4.5%, and 13.4%, respectively.