<article>Private equity giant<a href="http://dealstreetasia.com/tag/kkr" target="_blank" rel="noopener"> KKR</a> is in talks to invest up to Rs 2,000 crore in Indian consumer goods company<a href="http://dealstreetasia.com/tag/emami" target="_blank" rel="noopener"> Emami Group</a> through a structured credit deal, said <a href="https://economictimes.indiatimes.com/industry/cons-products/fmcg/kkr-in-advanced-talks-to-put-rs-2000-crore-in-emami/articleshow/68001918.cms" target="_blank" rel="noopener">a report </a>in The Economic Times quoting sources.</article>

Private equity giant<a href="http://dealstreetasia.com/tag/kkr" target="_blank" rel="noopener"> KKR</a> is in talks to invest up to Rs 2,000 crore in Indian consumer goods company<a href="http://dealstreetasia.com/tag/emami" target="_blank" rel="noopener"> Emami Group</a> through a structured credit deal, said <a href="https://economictimes.indiatimes.com/industry/cons-products/fmcg/kkr-in-advanced-talks-to-put-rs-2000-crore-in-emami/articleshow/68001918.cms" target="_blank" rel="noopener">a report </a>in The Economic Times quoting sources.
According to the news report, the Kolkata-based company is looking to to repay some of its high-cost debt and raise funds for working capital requirements through this long-term financing solution.
KKR is likely to help Emami expand its cement business and repay some promoter-financed loans, as company looks to rationalise its business and retain focus on consumer goods and cement, said the sources cited in the report. Emami is likely to subsequently monetise, its non-core and loss-making assets in healthcare.
Emami has been expanding its consumer goods business through a string of acquisitions both in India as well as overseas.
Global private equity giant KKR has been investing in India since 2006 and opened its Mumbai office in 2009. KKR operates its credit business in India through a couple of NBFCs and credit funds having invested over $9 billion in India through private equity, structured credit and real estate.
In June 2017, KKR closed its massive $9.2-billion Asia fund, of which India is to be a key recipient.
It was recently reported that KKR was also in talks with Subhash Chandra-promoted Essel Group to provide up to $400 million in a structured credit transaction.
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Private equity giant KKR is in talks to invest up to Rs 2,000 crore in Indian consumer goods company Emami Group through a structured credit deal.

India: KKR in talks to invest up to $280m in Emami via structured credit

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India: KKR in talks to invest up to $280m in Emami via structured credit

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