KKR buys 60% of Ramky Enviro
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.