KKR to buy 60% in Ramky Enviro Engineers for $560 mn, values co at $925 mn

KKR's investment in REEL marks one of the largest buyouts in India, in addition to being the first private equity buyout in the country's environmental services sector

Global investment firm KKR will acquire 60 per cent stake in Hyderabad-based environmental services firm Ramky Enviro Engineers Ltd (REEL) for $530 million through a combination of primary and secondary investments, valuing the company at $925 million. The two signed a definitive agreement on Sunday, KKR said in a statement. 

REEL's suite of comprehensive offerings includes the management, collection, transport and processing of hazardous, municipal, biomedical and e-waste, as well as the recycling of paper, plastic and chemicals. The company also focuses on renewable energy generation – with a strong focus on waste-to-energy processes – and offers consulting and integrated environmental