By George Smith Alexander
KKR’s two Indian credit units may spend as much as 20 billion rupees ($270 million) combined to purchase portfolios from local NBFCs.
The divestment gives Ekuinas an IRR of 26.8% and money multiple of 1.96 times the capital invested.
Advent has acquired all the shares held by Kedaara Capital, and a portion of the promoter Kedia family’s stake in Manjushree Technopack.
Amer’s portfolio of well-known sports brands is an attractive prospect for Anta ahead of the upcoming Olympic Games in Asia.
NZ Super Fund returned 12.43 per cent to end the 2017-18 financial year at $39 billion, adding $4 billion to its war chest.
The decline in investments was primarily on account of fewer large deals valued greater than $100 million.
Dymon Asia, which claims to have clocked a net IRR of a little under 30% from its $240 million vehicle DAPE I, hopes LPs would see the region as a “must have” part of their investments.
At a shareholder meeting in July, KKR — which holds 35% of Tiga Pilar’s voting stock — successfully voted to oust the company’s board of directors. The event ended with founder and President Joko Mogoginta publicly accusing KKR of attempting a “hostile takeover” as he stormed out of the gathering.
Since its establishment in 2008, Marunouchi Capital focuses on business succession and carve-outs, with Seijo Ishii and Joyful Honda figuring prominently among its investments.
Proceeds of the sale will be used to pay off most of SK Shipping’s debt.