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.