Manhattan, New York-based Global investment firm KKR announced a commitment of approximately $200 million to deepen its presence in India's rapidly growing medical devices industry. This investment is being channeled primarily through Healthium MedTech, KKR's India-based medical device platform, which it had acquired last year for roughly $840 million. Key...
KKR Profits from Sale of India’s J.B. Chemicals & Pharmaceuticals
Private-equity firm KKR has agreed to sell its entire 46% stake in India-listed J.B. Chemicals & Pharmaceuticals to Torrent Pharmaceuticals for $1.4 billion. Following this, the two pharmaceutical firms will merge. According to KKR, the Rationale for the Acquisition are: Access to Fast-Growing India Franchise: The acquisition grants Torrent Pharma...
Shapoorji Pallonji Group Secures $3.4 Billion Credit
Mumbai headquartered Shapoorji Pallonji Group, a real estate and construction conglomerate, finalized a $3.4 billion private credit agreement. This marks the largest private credit deal of its kind in India to date. The agreement involves a three-year, zero-coupon rupee bond with an annual yield of 19.75%, and the proceeds will...
KKR to Acquire Majority Stake in India’s Healthcare Global Enterprises
New York City-headquartered investment firm KKR, signed definitive agreements to become the largest shareholder and take control of Healthcare Global Enterprises (HCG) based in Bangalore, India. The transaction involves KKR acquiring up to 54% equity stake in HCG from Luxembourg-based CVC Capital Partners at a deal valued at $400 million...
Investors Commit $25 Billion for Infrastructure in Indo-Pacific
A significant infrastructure investment initiative was announced for the Indo-Pacific region, with a coalition formed by KKR, Global Infrastructure Partners (GIP), and the Indo-Pacific Partnership for Prosperity committing $25 billion. U.S. Commerce Secretary Gina Raimondo revealed this development during her visit to Singapore, highlighting the strategic importance of infrastructure development...
KKR: Asia’s Edge Lies in Industrial Services
New York-based Henry H. McVey,and Singapore-based Frances Lim, both KKR’s heads of global and Asia macro, said in an October note that Asia’s competitive advantage used to be inexpensive labor. Now, whether it’s China, India, or Japan, the region’s edge lies in industrial services. "The bid for infrastructure and logistics...