KKR Invests in India’s JBF Group
July 31, 2015Funding Enhances JBF’s Global Manufacturing Capabilities
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A portion of the proceeds will be used by KKR to acquire a 20% stake in
JBF, listed on the
“The funding provided by KKR will help JBF complete our ongoing
projects. KKR’s support will better enable JBF to grow our international
presence and support the Make in
“This is a great milestone for KKR as we make our first investment in
The transaction is subject to customary closing conditions, including the receipt of shareholder approval and regulatory approvals from competition authorities. Further details of the transactions were not disclosed.
About
About KKR
KKR is a leading global investment firm that manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, credit and hedge funds. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation at the asset level. KKR invests its own capital alongside its partners’ capital and brings opportunities to others through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. L.P. (NYSE: KKR), please visit KKR’s website at www.kkr.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150731005283/en/
JBF Industries
info@valoremadvisors.com
or
KKR
anita.davis@kkr.com
or
KKR
kristi.huller@kkr.com
or
Edelman
(for KKR India)
siddharth.panicker@edelman.com
or
vaishnavi.ramakrishnan@edelman.com
Source:
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