KKR
India middle market: Polarization point
Increased deal flow towards the top end of India’s private equity market is stretching the capacity of mid-tier local managers. What are the implications for co-investment and fund size?
Impact investment: Gray areas
The notion of delivering measurable positive social and environmental impact while simultaneously generating risk-adjusted financial returns has struck a chord with many LPs. But impact strategies can still be a tough sell
KKR targets $12.5b for fourth pan-Asian fund
KKR is looking to raise $12.5 billion for its fourth pan-Asian fund. It is likely to be the largest-ever Asia-focused, US dollar-denominated fundraise, surpassing Hillhouse Capital’s $10.6 billion close last year.
KKR plans Asia tech fund
KKR plans to raise a growth-stage technology fund focused on Asia, expanding a strategy that is already operational in North America, Europe, and Israel.
PropertyGuru abandons Australia IPO
Private equity-backed Southeast Asian online real estate portal PropertyGuru has decided not to proceed with its A$380 million ($256 million) IPO in Australia, citing market uncertainty.
PE-owned Latitude cancels Australia IPO
Australia and New Zealand consumer lending business Latitude Financial has abandoned plans for an IPO that would have facilitated partial exits for its private equity owners.
Legend joins $70m round for China pet food producer
Gambol, a Chinese pet food producer has secured a RMB500 million ($70 million) Series B from Legend Capital and Industrial Bank.
Philippines PE: Power dynamics
A virtually impenetrable middle market under the control of incumbent conglomerates is the least governable of the systemic obstacles facing private equity hopefuls in the Philippines
KKR, GIC to invest $680m in Philippines hospital operator
A KKR-led consortium has agreed to invest PHP35.3 billion ($680 million) in Metro Pacific Hospital Holdings (MPHH), prompting the Philippines-based hospital operator to abandon immediate plans for an IPO.
PropertyGuru seeks as much as $256m in Australia IPO
PropertyGuru, a Southeast Asia-focused online real estate portal that counts TPG Capital and KKR among its investors, is looking to raise up to A$380.2 million ($256 million) through an IPO in Australia.
KKR's impact business makes senior lateral hire in Asia
KKR has named Sharon Yang, who has worked on the firm’s private equity, growth equity and real estate strategies in Asia, as a senior investor in the region in its impact investment division.
PE-backed Latitude targets up to $946m in Australia IPO
KKR, Värde Partners and Deutsche Bank plan to make partial exits through an IPO of Australian consumer lending business Latitude Financial, which is expected to raise as much as A$1.4 billion ($946 million).
Australia leveraged finance: Best blend?
Two years ago, unitranche structures were a novelty in Australia’s leveraged finance market. Now they are an integral part of it. For borrowers and lenders, there might be no turning back
Core-plus investment: Expectations game
Capital-flooded markets and rising pressures to deploy have precipitated more flexible investment strategies in private equity. GPs must be careful when crossing between asset classes
KKR names Hirano, Shastry as co-heads of Asia PE
Hiro Hirano and Ashish Shastry, who lead KKR’s operations in Japan and Southeast Asia, respectively, have been appointed co-heads of private equity across the region.
KKR buys majority stake in India's EuroKids from Gaja
KKR has acquired a majority stake in Indian education services provider EuroKids International, facilitating a full exit for local GP Gaja Capital with a 6x return.
KKR joins round for Chinese online education platform
KKR and GGV Capital have led a $85 million funding round for Huohua, a Chinese online education platform specializing in mathematics and science.
KKR's China digital marketing platform gets expansion round
Cue, a China-focused digital marketing platform created last year by KKR, has raised its first round of expansion funding led by Anchor Equity Partners.
KKR to acquire China business of Hong Kong-listed NVC
KKR has announced a strategic partnership with Hong Kong-listed lighting solutions company NVC Lighting in which the GP will acquire a controlling stake in NVC’s mainland China business.
KKR buys Australian biscuit business Arnott's for $2.2b
KKR has agreed to buy a portfolio of Asian assets – the most significant of which is Australian biscuit brand Arnott’s – from US-listed food multinational Campbell Soup for an enterprise valuation of $2.2 billion.
KKR prepares for fundraising spree
KKR expects to begin raising its fourth Asian fund within the next 18 months as its three largest vehicles globally all come back to market.
Exit strategy: Good timing
KKR helps make the argument for realizing early exits when it supports a fundraising process, but LP reactions to this approach remain a mix of approval, suspicion and resignation
KKR agrees $2.2b sale of Japan's Kokusai Electric
KKR will sell Kokusai Electric – a semiconductor-focused thin film manufacturing business acquired from Hitachi approximately 18 months ago – to US-listed Applied Materials for $2.2 billion in cash.
Deal focus: KKR drives KCF ahead of schedule
KKR generates a healthy exit for its third pan-Asian fund by helping Korean copper components supplier KCF Technologies build up exposure to a booming electric vehicle market