KKR to Acquire Ramky Enviro Engineers
August 12, 2018Investment Supports Continued Growth of Leading Indian Environmental Services Business
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REEL’s suite of comprehensive offerings includes the management, collection, transport and processing of hazardous, municipal, biomedical and e-waste, as well as the recycling of paper, plastic and chemicals. The Company also focuses on renewable energy generation – with a strong focus on waste-to-energy processes – and offers consulting and integrated environmental services. REEL has a presence in over 60 locations across 20 Indian states, as well as in certain Southeast Asian, Middle Eastern and African markets.
KKR’s investment in REEL
“We look forward to leveraging our resources to enhance REEL’s
operational best practices and add value by focusing on engineering
innovation, attracting managerial talent and boosting efficiency, in
addition to building on REEL’s rigorous focus on environmental, health
and safety initiatives. We will work alongside REEL’s experienced
management team to enhance the Company’s mission of becoming a
world-class leader in environmental management at a time when
implementing sustainable solutions is more important than ever,” added
REEL has established itself as a leading and trusted provider of
environmental services due to its focus on sustainability and commitment
to continuous improvement. As part of this commitment, REEL uses a
number of systems to monitor its procedures to ensure adherence to best
environmental management standards. The Company frequently samples and
analyses its business’ impact on the air, soil and water of the areas
where it operates, and it manages community outreach and engagement
programs. To date, REEL has been recognized for its safety and
environmental efforts in numerous municipalities in
Barclays and EY are acting as REEL and KKR’s M&A advisors, respectively.
Link Legal serves as REEL’s legal counsel, and PwC and
KKR makes the investment from its Asian Fund III.
About KKR
KKR is a leading global investment firm that manages multiple
alternative asset classes, including private equity, energy,
infrastructure, real estate and credit, with strategic manager
partnerships that manage hedge funds. KKR aims to generate attractive
investment returns for its fund investors by following a patient and
disciplined investment approach, employing world-class people, and
driving growth and value creation with KKR portfolio companies. KKR
invests its own capital alongside the capital it manages for fund
investors and provides financing solutions and investment opportunities
through its capital markets business. References to KKR’s investments
may include the activities of its sponsored funds. For additional
information about
About
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Media
For KKR:
KKR Asia
Anita.Davis@KKR.com
or
KKR
Media@KKR.com
or
For
KKR India:
Edelman
Siddharth.Panicker@Edelman.com
Source: KKR
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