KKR buys 60% of Ramky En­viro

India Business Journal - - NEWS ROUND-UP -

Pri­vate eq­uity firm KKR and Co will ac­quire a 60 per cent stake in en­vi­ron­men­tal so­lu­tion provider Ramky En­viro En­gi­neers (REEL) for $530 mil­lion. This is the largest buy­out by a pri­vate eq­uity firm in In­dia's en­vi­ron­men­tal ser­vices sec­tor. The ac­qui­si­tion will be done through a com­bi­na­tion of pri­mary and

secondary in­vest­ments from KKR's Asian Fund III. Hy­der­abad-based REEL's of­fers a range of en­vi­ron­ment man­age­ment ser­vices, in­clud­ing col­lec­tion, trans­port and pro­cess­ing of haz­ardous, mu­nic­i­pal, bio­med­i­cal and e-waste. The com­pany is present in 60 lo­ca­tions across 20 States and also has pres­ence in Sin­ga­pore, Oman and the UAE.

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