KKR completes acquisition of 60% stake in India's Ramky Enviro for $510m

KKR completes acquisition of 60% stake in India's Ramky Enviro for $510m

Photo: Reuters

Private equity giant KKR has completed the acquisition of a 60 per cent stake in Indian environmental services and solutions provider Ramky Enviro Engineers for around $510 million.

In August last year, KKR had signed an agreement to acquire the stake through a combination of primary and secondary investments from its Asian Fund III. The deal is said to be the largest buyout by a private equity firm in India’s environmental services sector.

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