Deal part of KKR's to support 'innovative and disruptive companies' in Asia
The estimated $2 billion bid for just under half of the Japanese IT firm's shares likely portends a rare hostile tussle between the two global private equity giants
KKR & Co, Stonepeak Partners, and Macquarie Capital are in talks with bankers for a potential investment in Ascend Telecom after missing out on American Tower Corporation's India assets
Firms such as KKR & Co, Blackstone Inc., and more recently Carlyle are expanding the roles of their top executives to oversee the region
KKR's shares were up 3.72 per cent at $124.25 early on Wednesday, giving the private equity group a market value of about $110 billion
According to sources close to the deal, the value of the acquisition is Rs 6,500-7,000 crore
This investment is separate from the infrastructure investment trust (InvIT) established by RRVL last year, which was intended to accommodate approximately half of its retail warehousing assets
KKR has deployed about $11 billion in India over almost two decades, where it has invested in companies across healthcare, life sciences, technology services and consumer-focused sectors
KKR could seek a valuation of about $1 billion for its majority stake, the people said
The investment funds may consider teaming up and forming a consortium if Samsonite decides to move forward with a plan to go private, in that case, more bidders could emerge
Demand in Southeast Asia and North Asia is expected to expand about 25% a year through 2028, according to Cushman & Wakefield data. That compares with 14% a year in the US
This recent venture marks KKR's second establishment in India, reflecting the pivotal role the Asia Pacific assumes in its overarching strategy
KKR stake in RRVL will go to 1.42% from 1.17%
Leap India is at the forefront of the pallet pooling industry in India. The company provides a broad range of innovative and high-quality supply chain solutions
PE firm, which is sitting on a $100 billion cash pile, is also keen to participate in PSU bank privatisation
Real estate investment vehicles overseen by KKR and its rivals like Blackstone Inc. have come under pressure, with many investors requesting their money back
The fund would focus on investments in Western European developed economies, the company said
"It's targeting investments of $10 million to $15 million per target company and plans to close the investments in about five years"
The KKR and GIP consortium will eventually own as much as 50% of the joint venture
American Tower Corp. is weighing entering the race for a stake in Vodafone Group Plc's €13 billion ($12.6 billion) wireless towers unit, people familiar with the matter said.