KKR

Talks are currently in the early stages

Bain Capital and KKR & Co. are among the suitors selected for next round of bidding for Fujitsu Ltd.'s majority stake in its AC manufacturing unit, according to people familiar with the matter

Healthium Medtech on Tuesday said it has inked a pact to sell its UK-based subsidiary to global investment firm KKR for an undisclosed amount. The company has entered into a definitive agreement to sell Watford-based Clinisupplies to KKR, which is investing through its KKR Health Care Strategic Growth Fund II, according to a statement. The company will re-invest the proceeds from the transaction to strengthen its portfolio in advanced surgery, wound care, orthopaedics, and post-surgical care through organic and inorganic routes, it added. Clinisupplies was acquired by Healthium in 2016 and has a strong portfolio of products in continence care. Healthium said it will continue to remain in the UK through its surgical consumables portfolio. "The divestment of Clinisupplies is a strategic decision in line with our business priorities and gives a solid impetus to our vision of facilitating precision medtech for every patient globall," Healthium Medtech CEO and MD Anish Bafna stated. T

Global investment firm KKR has inked a pact to invest USD 400 million in decarbonization platform Serentica Renewable. Both the entities have signed definitive agreements to this effect, under which KKR will invest USD 400 million in Serentica Renewable, a statement said on Tuesday. "This transaction is amongst the largest industrial decarbonization investments in India to date and carries forward the global decarbonization agenda which is centre stage at COP27 (2022 United Nations Climate Change Conference)," said Pratik Agarwal, Director of Serentica Renewables. Serentica looks to deliver round-the-clock clean energy solutions for large-scale, energy-intensive industrial customers. This includes providing renewable energy solutions through long-term Power Purchase Agreements and working closely with customers to design their paths to net-zero electricity. Currently, the company has entered into three long-term PPAs and is in the process of developing around 1,500 MW of solar and

"The main focus for the coming years will include the recruitment of the manpower and opening of branches," said Aggarwal

Global investment firm KKR will acquire Ness Digital Engineering from The Rohatyn Group in a deal estimated to be worth USD 500 million. "KKR...today announced the signing of definitive agreements under which KKR will acquire 100 per cent of Ness Digital Engineering, a global full-lifecycle digital services transformation company, from The Rohatyn Group," the statement said. A source privy to the development said that the deal is valued at about USD 500 million. Headquartered in Teaneck, New Jersey, Ness is a provider of digital transformation services that specialises in building digital software products and platforms. Ness has a pool of 4,000 staff spread across Eastern Europe, the USA, and India, with 45 per cent of its staff members here. Gaurav Trehan, Partner and CEO of KKR India said that digital transformation and adoption is a critical strategy for businesses of all sizes, worldwide. "Against this backdrop, KKR believes that Ness is well-positioned for growth...KKR is .

KKR, the US-based private equity firm, will separately invest Rs 2,460 crore to pick up a 13.33 per cent stake in Advanta Enterprises, a subsidiary of UPL.

Agrochemical major UPL on Friday announced a strategic corporate realignment in which ADIA, Brookfield, KKR and TPG will separately invest Rs 4,040 crore (USD 500 million) for minority stakes in its pure-play business platforms. Abu Dhabi Investment Authority (ADIA), Brookfield and TPG will invest Rs 1,580 crore (USD 200 million) for a 9.09 per cent stake in Agri-tech Platform UPL SAS at an equity valuation of Rs 17,380 crore (USD 2.2 billion), UPL said in a statement. KKR will invest USD 300 million (Rs 2,460 crore) for a 13.33 per cent stake 'Advanta Enterprises - Global Seeds Platform' at an equity valuation of USD 2.25 billion (Rs 18,450 crore). ADIA and TPG will hold a 22.2 per cent stake in UPL Cayman, which will be the Global Crop Protection Platform (ex-India), according to the statement. The financial details of the deal were not disclosed. These investments are independent transactions for which separate agreements have been agreed pursuant to negotiations between each of

In a Q&A, Srivatsan Iyer talks about his firm's expansion plans in new segments and what the equity investment by KKR means for the company

Hero Future Energies aims expansion in green hydrogen and battery storage

SpiceJet has sent approximately 80 pilots on leave without pay for three months in order to rationalise its costs.

Its InvITs have a combined value of $3.8 billion and cover 33 assets in 22 states

The consortium led by KKR hasn't identified any matters that would cause it to terminate talks to buy Ramsay Health for A$88 per share, the health-care company said.

KKR sold the entire 26.8% stake worth Rs 9,400 cr as part of its exit strategy

American PE major exits from hospital chain after acquiring the stake in 2018

The fund plans to back about 10 startups, focusing on sectors including consumer tech, fintech and software-as-a-service

After Mumbai Indians pacer Jasprit Bumrah achieved a five-for against Kolkata Knight Riders on Monday, he garnered praises from the Indian cricket fraternity for his achievement.

Toshiba's buyout, which has a market capitalisation of almost $18 billion, would possibly be private equity's biggest-ever deal in the country

KKR's investment builds on strong tailwinds in the Indian general insurance space and SGI's continued expansion into new segments and investment in its digital capabilities

From out of nowhere, Pat Cummins turned out to be the chief architect of Kolkata Knight Riders stunning Mumbai Indians by five wickets with a whirlwind 14-ball half-century