It currently has 2 GW of installed solar and wind capacity and 2 GW of capacity due to be commissioned within the next 10 months
A sale would mark one of the larger pvt equity exits in India's financial services sector, signaling strong investor appetite for country's fast-growing capital markets and wealth management industry
Vertis is an infrastructure investment trust (InvIT) backed by private equity major KKR as well as Ontario Teachers' Pension Plan (OTPP)
The sale of its 46.39 per cent stake in JB Chemicals to Torrent Pharmaceuticals comes over four years after KKR acquired control of the company in 2020
Torrent Pharma will acquire KKR's 46.39% stake in JB Pharma followed by open offer and merger, strengthening chronic segment and CDMO footprint in India and abroad
British water and sewage utility Thames Water said on Tuesday that a US investment firm has dropped a rescue bid for the debt-burdened company. Thames Water said private equity company KKR decided not to make a bid and its status as preferred bidder had lapsed. The utility said it is talking to "senior creditors" about an alternative money-raising plan. "Whilst today's news is disappointing, we continue to believe that a sustainable recapitalisation of the company is in the best interests of all stakeholders. We will continue to work with our creditors and stakeholders to achieve that goal," Thames Water chairman Arian Montague said. The cash-strapped company, which provides water and sewage services to 16 million people in and around London, has teetered on the edge of insolvency under about 19 billion pounds ($26 billion) in debt. The utility received court approval in March for 3 billion pounds in emergency funding to keep it from falling into government administration. KKR's ..
The capital was arranged by KKR Capital Markets and is being anchored by the firm's private credit and insurance platforms
PE firm to make open offer to buy additional 26% for Rs 1,600 cr
Deal part of KKR's to support 'innovative and disruptive companies' in Asia
The estimated $2 billion bid for just under half of the Japanese IT firm's shares likely portends a rare hostile tussle between the two global private equity giants
KKR & Co, Stonepeak Partners, and Macquarie Capital are in talks with bankers for a potential investment in Ascend Telecom after missing out on American Tower Corporation's India assets
Firms such as KKR & Co, Blackstone Inc., and more recently Carlyle are expanding the roles of their top executives to oversee the region
KKR's shares were up 3.72 per cent at $124.25 early on Wednesday, giving the private equity group a market value of about $110 billion
According to sources close to the deal, the value of the acquisition is Rs 6,500-7,000 crore
This investment is separate from the infrastructure investment trust (InvIT) established by RRVL last year, which was intended to accommodate approximately half of its retail warehousing assets
KKR has deployed about $11 billion in India over almost two decades, where it has invested in companies across healthcare, life sciences, technology services and consumer-focused sectors
KKR could seek a valuation of about $1 billion for its majority stake, the people said
The investment funds may consider teaming up and forming a consortium if Samsonite decides to move forward with a plan to go private, in that case, more bidders could emerge
Demand in Southeast Asia and North Asia is expected to expand about 25% a year through 2028, according to Cushman & Wakefield data. That compares with 14% a year in the US
This recent venture marks KKR's second establishment in India, reflecting the pivotal role the Asia Pacific assumes in its overarching strategy