Global investment firm KKR announced the appointment of Mukul Chawla as Partner and Head of Growth Equity in Asia Pacific, effective December 09, 2021. He will be based in Asia while also spending considerable time in KKR’s global offices, including Menlo Park. In the newly created role, he will lead and accelerate KKR’s regional investment strategy into emerging, high-growth companies in…
Hyatt Hotels Corporation has announced that Hyatt has completed the previously announced acquisition of Apple Leisure Group® (ALG), a luxury resort-management services, travel and hospitality group, from affiliates of each of KKR and KSL Capital Partners, LLC. According to a statement, “through this acquisition, Hyatt has added properties in 11 new European markets and expanded…
Global investment firm KKR and Biosynth Carbosynth, a life sciences reagents and custom synthesis and manufacturing services company, announced that KKR has agreed to acquire Biosynth Carbosynth from Armira and CEO Dr. Urs Spitz. Financial details of the transaction were not disclosed. Dr. Spitz and senior managers of the company will retain a significant ownership…
Clearway Energy, Inc. through its subsidiary Clearway Energy Operating LLC, announced it has entered into a binding agreement to sell its Thermal Business to KKR for total consideration of $1.9 billion, subject to closing adjustments. The Company’s Thermal Business, commercially known as Clearway Community Energy, consists of thermal infrastructure assets that provide steam, hot water…
KKR & Co. Inc. (KKR), a global investment firm, announced that Joe Bae and Scott Nuttall have been appointed Co-Chief Executive Officers, and Co-Founders Henry Kravis and George Roberts will remain actively involved as Executive Co-Chairmen of KKR’s Board of Directors. The leadership transition is effective immediately. “Whether reflecting on the business, our mission or the team that undertakes it, we are proud of…
KKR & Co. Inc. announced that Evan Spiegel has been appointed to the Board of Directors of KKR & Co. Inc. His appointment will bring the number of independent directors to eleven out of a total of fifteen Board seats. Spiegel is the Co-Founder and Chief Executive Officer of Snap Inc., a publicly traded camera company that believes reinventing the camera…
Annabel will lead KKR’s strategic communications activities in EMEA across KKR’s investment platforms, managing all external communications, brand-building and content development as well as KKR’s EMEA agency network. She will also provide communications support and advice on external engagement to KKR’s portfolio companies, the company said in its statement. Annabel was previously Head of Asia-Pacific…
Quadrant Private Equity, Five V Capital, Rodney Kagan and other shareholders of Probe CX announced they have entered into an agreement under which KKR will acquire a majority stake in Probe alongside existing management. The investment will be used to further fuel Probe’s robust growth and strengthen its digital capabilities to enhance its service offering to customers, the…
Virescent Infrastructure (Virescent), an Indian renewable energy platform sponsored by global investment firm KKR, has set up India’s first renewable energy infrastructure investment trust (“InvIT”), Virescent Renewable Energy Trust (“VRET”). VRET has raised INR4.6 billion (US$62 million) from a group of foreign and domestic investors. Leading the transaction, on behalf of its clients, is Alberta Investment Management Corporation (AIMCo),…
KKR, a global investment firm, announced that it has agreed to invest $40 million in preferred equity in Jet Edge International (Jet Edge), an Ohio-based global leader in full-service private aviation responsible for operating the largest fleet of Challenger and Gulfstream aircraft available for charter in the United States. KKR is making the investment in Jet Edge through its credit funds…
RainFocus, the next-generation enterprise event marketing platform, announced that it has closed its Series C funding round led by KKR, a leading global investment firm. Existing investor JMI Equity, a growth equity firm focused on investing in leading software companies, also participated in the round. KKR is investing in RainFocus through its Next Generation Technology…
KiotViet, a leading merchant platform for micro, small, and medium enterprises (MSMEs) in Vietnam, and KKR, a global investment firm, announced the signing of definitive agreements under which KKR will participate as the lead investor in the US$45 million Series B funding round of KiotViet , with participation from its existing investor, Jungle Ventures. KiotViet aims to drive the…
Ritchies Transport Limited, a leading transportation operator in New Zealand with an 86-year heritage, and KKR, a global investment firm, announced the signing of definitive agreements under which KKR will acquire Ritchies. The investment – which marks KKR’s first infrastructure investment in New Zealand – will be used to advance the Company’s mission to better connect local communities, support…
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…
Hyatt Hotels Corporation announced that Hyatt has entered into a definitive agreement to acquire Apple Leisure Group (ALG), a leading luxury resort-management services, travel and hospitality group, from affiliates of each of KKR and KSL Capital Partners, LLC for $2.7 billion in cash. The transaction is anticipated to close in the fourth quarter of 2021, subject to customary…