New York City based private equity firm KKR & Co. will acquire a 60 percent stake in Hyderabad, India based Ramky Enviro Engineers Ltd., (REEL) for $530 million, marking the acquisition as one of India’s largest buyouts. KKR will buy the stake via a combination of primary and secondary investments, in...
Blackstone Raises $9 Billion in 2 Asia Funds
Joining peers such as KKR & Co., and The Carlyle Group, New York-based asset manager Blackstone Group LP raised $9.4 billion in two Asia-focused funds. The company hit the final close on its first Asian private equity fund at $2.3 billion, and its second regional real estate fund at $7.1...
Daimler, Volvo Export Trucks, Buses from India
Both Daimler and Volvo are making India their export hub for large trucks and luxury buses such as the Mercedes-Benz, Mitsubishi Fuso, Freightliner and UD Trucks. Daimler India Commercial Vehicles (DICV), the Indian subsidiary, has already begun exporting its Mercedes-Benz trucks and buses, made at its Chennai facility, to Southeast...