Tuesday
February 12
2019

KKR Turns to Impact Fund Co-Investing With $510 Million Deal

By Emily Chasan

KKR & Co. is bringing its impact fund into a deal for an Indian waste-collection company, seeking to boost sustainability and profitability through a new co-investing strategy.

The $510 million transaction for a 60 percent stake in Ramky Enviro Engineers Ltd. closed on Monday, the firm said in a statement. The acquisition is KKR’s second, and biggest, impact deal, after it bought a stake in Singapore energy-efficiency company BBP in December for as much as $33 million.

Photo courtesy of GotCredit.

Source: Bloomberg (link opens in a new window)

Categories
Investing
Tags
energy access, energy sector, ESG investing, impact investing, sustainability