Question · Q3 2025
Brandon Vasquez questioned the impetus behind KKR's increased stake in Henry Schein and whether this partnership will become more 'intimate,' leading to more significant strategic changes for the company.
Answer
Stanley Bergman, Chairman and CEO, explained that KKR initiated the request to increase its stake, driven by their appreciation for Henry Schein and the dental market. The board approved the increase to 19.9% based on KKR's perceived value. He highlighted KKR's Capstone Group's input on value creation initiatives, best practices, and indirect spending, describing the relationship as 'very good' with active board members.