KKR Financial News

This proof of concept, developed in collaboration with WisdomTree, is one of several industry pilots that are taking place under Project Guardian.

It’s pedal to the metal for KKR’s dealmakers, who are chasing another local infrastructure asset, or two, to park in their portfolio alongside TransGrid-owner Spark Infrastructure.

Only sunscreen and XXXX Gold in Christmas presents this year for KKR dealmakers, who are about to spend their summer doing due diligence in Queensland.

Reuters. Ken Mehlman and Robert Antablin who are the fund's co-heads, in an interview with Reuters said the firm attracted commitments from investors for more than double its first $1.3 billion impact fund raised in 2020.

By Greg Roumeliotis

If you're leaving Goldman Sachs for a top private equity firm and are hopeful that doing so will result in a reduction in your working hours, then be aware that this may not come to pass.

KKR & Co. is raising a second Asia real estate fund, targeting $2 billion to $2.5 billion to spend across the region, according to people familiar with the matter. 

BEIJING — Asia's competitive advantage was once cheap labor. Now, whether it's China, India or Japan, the region's edge lies in industrial services, KKR's heads of global and Asia macro said in an October note.

Click here! New York-based KKR joins peers like Apollo Global Management Inc. and Citadel Securities in expanding in India to support their global businesses.

MUMBAI : KKR & Co. plans to carve out the municipality business from RE Sustainability Ltd (formerly Ramky Enviro Engineers Ltd) that it acquired five years ago, and sell the unit back to its original promoters, two people aware of the matter said. The private equity firm believes that removing the municipality business, which serves local governments, will make the company more attractive for potential buyers, the people cited above said.

(Reuters) — KKR & Co (NYSE:KKR) on Monday added former finance chief of office-sharing startup WeWork, Kimberly Ross, to the company's board.

Reliance Retail Ventures Ltd, the retail arm of Reliance Industries, has received the full subscription amount of Rs 2,069.50 crore from the global investment firm KKR and has allotted 1.71 crore equity shares. Following the share allotment, KKR's shareholding in Reliance Retail Ventures Ltd (RRVL) has increased to 1.42 per cent, from 1.17 per cent. «Reliance Retail Ventures Ltd today received the subscription amount of Rs 2,069.50 crore from Alyssum Asia Holdings II Pte.

Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. India’s retail inflation eased in August but continued to remain higher for rural areas for the second consecutive month. Meanwhile, Nifty 50 crossed the psychological mark of 20,000 this week.

KKR is investing another ₹2,069.5 crore through an affiliate in Reliance Retail Ventures (RRVL), holding company for the retail businesses of Reliance Industries (RIL). KKR's follow-on investment will translate into an additional equity stake of 0.25% in RRVL, according to a press release issued on Monday, which added that this takes the private equity giant's holding to 1.42%. This round of fundraising has increased RRVL's valuation to around ₹8.36 lakh crore, from ₹8.28 lakh crore, when Qatar Investment Authority invested ₹8,278 crore less than three weeks ago. RIL said this puts Reliance Retail Ventures on the list of the country's top four companies by equity value. ET on August 25 reported that Reliance Industries is likely to sell a fresh round of 8-10% in RRVL to fund expansion, retire debt and prepare for the unit's initial public offering, which would take total stake sold to 19-21%.Global interest The stake sale is crucial because at the current valuation, RRVL's IPO size will be too large for the current liquidity to absorb. At a recent annual general meeting, Reliance Industries chairman and managing director Mukesh Ambani said several global investors had shown keen interest in the conglomerate's retail business. The latest investment by KKR comes primarily from its Asian Fund IV. In 2020, KKR invested Rs 5,550 crore in Reliance Retail Ventures.

₹2,069 crore through an affiliate. In 2020, KKR had invested ₹5,550 crore for the first time in the retail business, spanning grocery, consumer electronics, apparel, footwear, online commerce, and jewellery. For this transaction, RRVL had a pre-money equity value of ₹8.361 trillion, which makes it among the top four companies by equity value in India, said Reliance Industries Ltd (RIL) in a filing to exchanges on Monday.

KKR, will invest Rs 2,069.50 crore in Reliance Retail Ventures Ltd, thereby raising its stake to 1.42% from 1.17% in the retail behemoth. The follow-on investment by KKR values the retail subsidiary of Reliance Industries at Rs 8.36 lakh crore (approximately $101 billion), which is the double the valuation it got during the fundraising in 2020. “This investment values RRVL at a pre-money equity value of Rs 8.361 lakh crore, which makes it among the top four companies by equity value in the country,” RIL said in a release. In 2020, KKR had invested Rs 5,550 crore in Reliance Retail for a 1.17% stake. Three years ago, the retail behemoth had raised Rs 47,265 crore from various global investors, including KKR, at a pre-money equity value of Rs 4.21 lakh crore. “Throughout our investment period in Reliance Retail, we have been impressed by the company’s vision and extensive work to empower retailers across India through digitalization, as well as by its resilience and performance in spite of the pandemic and other disruptions,” said Joe Bae, Co-CEO, KKR. Reliance Retail operates India's largest retail business with an integrated omni-channel network of over 18,500 stores and digital commerce platforms across grocery, consumer electronics, fashion & lifestyle, and pharma consumption baskets. “We look forward to continued engagement with KKR and to benefit from their global platform, industry knowledge and operational expertise, in our journey towards driving transformation of the Indian retail sector,” said Isha Mukesh Ambani, director, Reliance Retail. The investment by KKR follows Qatari sovereign wealth fund Qatar Investment Authority’s $1 billion investment in Reliance Retail for a nearly 1% stake.

₹ 2,069.50 crore in Reliance Retail Ventures limited at an equity value of ₹ 8.361 lakh crore; to increase equity stake from 1.17% to 1.42% .KKR’s follow-on investment in RRVL reaffirms its belief in the market opportunity and Reliance Retail's business model.

(Reuters) — USI Insurance Services said on Monday that existing shareholder KKR plans to make a new equity investment of more than $1 billion to become the largest stakeholder.

UK-based electric bus player Zenobe Energy is readying a push into the competitive grid-scale battery sector in Australia after raising about £870 million ($1.7 billion) from investors led by private equity giant KKR.

Private equity giant KKR is gearing up for a run at a40 per cent stake in Queensland Airport Limited, the owner of airports in Gold Coast, Townsville, Mount Isa and Longreach, which is up for sale via Barrenjoey.

Global buyout giant CVC Capital Partners has made its first big hire since it flew in London-based partner Richard Blackburn to plot its re-entry into Australian M&A.