KKR thinks green with Ramky acquisition

0
2327
KKR-thinks-green-with-Ramky-acquisition
LinkedIn
Facebook
Twitter
Whatsapp
Telegram
Copy link

A60% stake acquisition by KKR India Advisors in Ramky Enviro Engineers (REEL), required investors to tread new ground, said a partner who worked on the deal.

“As against other sectors where there are past precedents of private equity investments, the investors in the present case had to evaluate the sector completely,” said Venkat Satyanarayana, a partner at Link Legal India Law Services, who advised REEL.

“[The investors also had to be aware of] the challenges of PPP [public-private partnership] projects in the sector in India, and associated benefits and risks. The Ramky group of companies in environmental services comprises more than 50 companies, domestic and international, and therefore, given the scale, the transaction had to be managed within stringent timelines. The sensitivity of the sector also had a bearing upon negotiations and structuring of the transaction,” Satyanarayana told India Business Law Journal.

The US$530 million deal, which took around 10 months from start to finish, was structured through a combination of primary and secondary investments and marks the first private equity buyout in this sector in India.

Hyderabad-based REEL is India’s largest integrated waste management and recycling company. It also focuses on renewable energy generation and particularly on waste-to-energy processes. REEL has a presence in over 60 locations across 20 Indian states and handles projects in Southeast Asia, the Middle East and Africa.

You must be a subscribersubscribersubscribersubscriber to read this content, please subscribesubscribesubscribesubscribe today.

For group subscribers, please click here to access.
Interested in group subscription? Please contact us.

你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章,欢迎成为我们的订阅会员成为我们的订阅会员

已有集团订阅,可点击此处继续浏览。
如对集团订阅感兴趣,请联络我们

LinkedIn
Facebook
Twitter
Whatsapp
Telegram
Copy link