KKR to acquire GIP s stake in Highway Concessions One - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
KKR buys highways assets from Global Infrastructure Partners
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Last Updated: Jul 05, 2021, 11:55 AM IST
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Through the acquisition of GIP’s interest in HC1, KKR aims to help strengthen and expand India’s national highway network, which serves about 40% of total traffic but accounts for only 2% of the country’s road network, said the statement.
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KKR, the global investment firm, will acquire Global Infrastructure Partners’ (GIP) entire interest in Highway Concessions One (HC1) and seven highway assets with a total length of 487 kilometers. HC1 is a platform in India that manages GIP’s road portfolio which spans across seven states including Gujarat, Karnataka, Madhya Pradesh, Meghalaya, Rajasthan, Tamil Nadu, and Telangana, according to a company statement.
BusinessWorld
January 12, 2021 | 12:09 am
In an e-mailed statement, KKR said it closed its inaugural Asia-Pacific Infrastructure Fund at $3.9 billion cap.
“At the time of close, the fund reached its hard cap to become the largest pan-regional infrastructure fund to have been raised for Asia-Pacific,” KKR said.
“The fund’s size aligns with KKR’s expectations for infrastructure deal flow in the region through the long-term horizon,” it added.
The global investment firm said the fund was “significantly oversubscribed.”
It received strong backing from a diverse group of global infrastructure investors, it added.
The company has committed $1.8 billion across six investments in Asia.
KKR closes maiden Asia Pacific Infrastructure Fund at $3.9 billion cap
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KKR had first established its global infrastructure team and strategy in 2008 and has since been one of the most active infrastructure investors around the world. (File Photo: Reuters)
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MUMBAI: US private equity investor KKR on Monday said it has achieved final close of $3.9 billion for its maiden infrastructure fund in Asia KKR Asia Pacific Infrastructure Investors SCSp focused on infrastructure-related investments across Asia Pacific.
In Asia, KKR has so far committed $1.8 billion across six investments as part of the its dedicated Asia Pacific infrastructure strategy, which was launched in 2019. KKR’s Asia Pacific infrastructure portfolio includes India Grid Trust, a publicly traded infrastructure investment trust, Virescent Infrastructure, a renewable energy company in India, Eco Solutions Group, an environmental services provider in South Korea, First Gen,
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