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You are here: Home / Archives for KKR

KKR

KKR Exits Sonos Investment, Divests Its Last 14M Shares for $180M

June 22, 2020 by Ted 2 Comments

Sonos soundbar and subwoofer

In a filing with the Securities and Exchange Commission on Thursday, KKR Stream Holdings LLC reported that it sold nearly 14 million shares of Sonos, Inc. stock (SONO:NASDAQ). The sale took place on Wednesday (June 17, 2020) and, according to their disclosure filed with the SEC, this sale takes them completely out of Sonos ownership, with zero shares remaining in its portfolio.

Learn more about KKR selling their Sonos stock…

[Read more…] about KKR Exits Sonos Investment, Divests Its Last 14M Shares for $180M

Filed Under: Financial, News Tagged With: divestiture, KKR, Sonos

Sonos Intros New CFO and Stock Drops Again

April 8, 2019 by Ted Leave a Comment

Sonos logo

Last week Sonos (Nasdaq: SONO) announced a new CFO to replace current CFO Mike Giannetto, whose retirement was unexpectedly announced almost as an afterthought in a February report of Q1 fiscal results. Late in the text associated with those results, CEO Patrick Spence, in an almost casual fashion, thanked Ginnetto for his service and told investors the CFO was retiring…a total surprise to the market. Sonos stock dropped double digits…and dropped even though the company had reported a record first quarter. (Read my report to see troubling signs within the ‘record’ Sonos quarterly report…)

New CFO intro & Sonos stock drops again…

[Read more…] about Sonos Intros New CFO and Stock Drops Again

Filed Under: Brands, Financial, Manufacturers, News, People Tagged With: Brittany Bagley, CFO, KKR, Sonos

Gibson’s Speedy Bankruptcy Exit Hits a Big Roadblock

December 19, 2018 by Ted Leave a Comment

Gibson's G-Force auto-tunerI have to admit, Strata-gee was considering moving on from its Gibson Brands (Gibson Guitar) coverage, first started in 2012 when the company made several acquisitions as part of an ill-advised foray into the consumer electronics business. As delineated in our copious coverage, Gibson CEO Henry Juszkiewicz turned to OPM (other people’s money) loading the company up with over half a billion dollars in debt to pursue a business in which the company had no expertise…ultimately resulting in Gibson’s bankruptcy filing in May of this year.

Gibson’s major creditors banded together, put together what some would call a pre-packaged bankruptcy plan and looked as though they would exit bankruptcy late November/early December. They were wrong. As they tried to power out of bankruptcy, they hit a brick wall – the United States Trustee who has filed a serious objection to their motion to exit bankruptcy.

Now what? See what the U.S. Trustee objects to in Gibson’s plans… [Read more…] about Gibson’s Speedy Bankruptcy Exit Hits a Big Roadblock

Filed Under: Brands, Financial, Manufacturers, News, Strategy Tagged With: bankruptcy, Gibson, Gibson Brands, Gibson Guitar, Henry Juszkiewicz, KKR

Gibson Begins Leadership Makeover w/New CFO

September 27, 2018 by Ted 1 Comment

Gibson's 2019 guitar lineupGibson Brands’ Chapter 11 bankruptcy proceedings have continued to incessantly march forward, the gritty work of a large scale matter such as this occurring mostly in the background. However, occasionally a major factor emerges to be picked up by the media. One thing the new owners of Gibson made a fundamental part of this initiative, was to change  the organization’s leadership.

This week, we learned that the company will soon emerge from bankruptcy with a new chief financial officer (CFO) – announcing the appointment of Kimberly Mattoon for the role.

See more on this Gibson news… [Read more…] about Gibson Begins Leadership Makeover w/New CFO

Filed Under: Financial, Management, Manufacturers, News, People, Strategy Tagged With: Gibson, Gibson Brands, Gibson Guitar, Henry Juszkiewicz, KKR

Having Dumped Everything Else, Pioneer Makes Plans to Dominate Car Electronics

November 25, 2014 by Ted 5 Comments

About the AV biz? Hoping Onkyo Keeps the Pioneer Name…

Photo of Pioneer President
Susumu Kotani, President
Pioneer Corporation

In a revealing interview with the Nikkei in Tokyo, Pioneer Corp. President Susumu Kotani said that Pioneer – after spending several months selling off all of its divisions other than automotive – is considering resorting to acquisitions in order to build a dominant position within its chosen market. A radical shift after months of divestiture, he makes clear that the company is preparing to move to offense, in order to build a new – and expanded – future.

See more on the company’s plans – including just what areas Pioneer is considering entering… [Read more…] about Having Dumped Everything Else, Pioneer Makes Plans to Dominate Car Electronics

Filed Under: Asian Connection, Industry Trends, Management, Manufacturers, News, Pivot Point, Strategy Tagged With: KKR, Onkyo, Pioneer, Susumu Kotani

Pioneer Fire Sale Continues – Dumps DJ Biz to KKR

September 17, 2014 by Ted Leave a Comment

KKR logoPioneer surprised everyone back in June of this year when word came that it had decided to sell its AV business to Onkyo Corp. and a private equity company. But actually, the gears for this and other deals were set in motion last year when the company launched a new strategic plan to focus on their core business – car electronics, their largest and most profitable division.

Now we learn the company has sold off its once burgeoning DJ business to KKR. See more… [Read more…] about Pioneer Fire Sale Continues – Dumps DJ Biz to KKR

Filed Under: Asian Connection, Financial, Industry Trends, Management, Manufacturers, News, Pivot Point, Strategy Tagged With: KKR, Pioneer, Pioneer DJ

Private Equity Kingpin KKR Invests into Savant; Sets $215 Million Valuation

September 3, 2014 by Ted Leave a Comment

Savant logoThe Wall Street Journal (WSJ) reported Tuesday that private equity powerhouse Kohlberg Kravis Roberts & Co. L.P. (KKR) has invested $90 million for a 35% stake in Savant Systems, LLC (Savant). While this is a minority stake, KKR is obviously bullish on the home automation supplier making what the WSJ says is an “eight-figure bet” that places a $215 million valuation on the home automation supplier.

See more on this news on a rapidly rising home automation supplier… [Read more…] about Private Equity Kingpin KKR Invests into Savant; Sets $215 Million Valuation

Filed Under: Brands, Financial, Marketing, News, Pivot Point, Strategy Tagged With: KKR, Kohlberg Kravis Roberts & Co., Savant Systems, William J. Lynch

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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