Leading global investment firm KKR announced it is expanding its operations in India with the opening of a new office in Gurugram. Ryan Stork, Chief Operating Officer of KKR, said, “Having a team in Gurugram will strengthen our operating model across the globe by expanding our reach and enabling us to tap into a fantastic talent pool.…
Reliance Retail Ventures Limited (RRVL) announced that global investment firm KKR, through an affiliate, will invest ₹ 2,069.50 crore into RRVL, a subsidiary of Reliance Industries. This investment values RRVL at a pre-money equity value of ₹ 8.361 lakh crore, which makes it among the top four companies by equity value in the country. KKR’s follow-on investment will…
KKR, a global investment firm, announced the signing of definitive agreements under which KKR will acquire 100% of Ness Digital Engineering (Ness), a global full-lifecycle digital services transformation company, from The Rohatyn Group (TRG). Founded in 1998 and headquartered in Teaneck, New Jersey, Ness is a leading provider of end-to-end digital transformation services that specializes…
InCred and KKR announced the conclusion of the strategic merger of InCred Financial Services Limited (InCred Finance) and KKR India Financial Services Limited (KIFS). Commenting on the closure of the deal, Bhupinder Singh, Founder and CEO of InCred Group, said, “InCred Finance’s business has emerged in great shape from the pandemic delivering top notch risk performance.…
KKR, a global investment firm, and Shriram General Insurance Company, a general insurance company backed by Indian financial services conglomerate Shriram Group and pan-African financial services group Sanlam, announced the signing of definitive agreements under which, subject to the receipt of the necessary regulatory approvals, KKR will acquire a 9.99% stake in Shriram General Insurance. KKR’s investment will position Shriram…
Livspace, an omni-channel home interior and renovation platform, and KKR, a global investment firm, announced a US$180 million Series F fundraising in which KKR will participate as the lead investor. The Series F round also witnessed participation from existing investors such as Ingka Group Investments (part of largest IKEA retailer Ingka Group), Jungle Ventures, Venturi Partners, and Peugeot Investments, among others. Anuj…
KKR and InCred announced that they have entered into a strategic transaction to create a diversified Indian lending company by combining KKR India Financial Services Limited (KIFS) and InCred Financial Services (InCred Finance), the retail and micro, small and medium enterprise (MSME) lending business of InCred. This transaction will bring together two of India’s best-known non-banking finance companies and combine their…
KKR, a global investment firm, and Vini Cosmetics, a personal care and beauty products company in India, announced the completion of KKR’s purchase of a majority stake in Vini. Following the conclusion of the transaction, Vini’s Co-Founders continue to hold a significant stake in the Company. Darshan Patel remains in his role as Chairman of the Board, while Dipam Patel has…
KKR, a global investment firm that manages multiple alternative asset classes, including private equity, credit and real assets, with strategic partners that manage hedge funds, has announced that Sanjay Nayar, CEO of KKR India, will transition to a new role as Chairman of KKR India, effective December 31, 2020, and Gaurav Trehan has joined the…