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Global investment firm KKR has acquired a 60 percent stake in Ramky Enviro Engineers Ltd (REEL) for approximately $530 million via a combination of primary and secondary investments.
Cyril Amarchand Mangaldas acted for KKR and the team was led by Partners Reeba Chacko and Shishir Vayttaden.
Simpson Thacher & Bartlett acted as international legal counsel for KKR.
Link Legal advised REEL and the team included Partners Venkat Satyanarayana and Jyothi Maheshwari.
The investment, which KKR has made from its Asian Fund III, values the company at $925 million.
KKR’s investment in REEL marks one of the largest buyouts in India, in addition to being the first private equity buyout in the country’s highly attractive environmental services sector, reported BusinessLine.