On August 2, KKR & Co. announced an agreement to buy a majority stake in logistics solutions company Leap India, expanding the US private equity firm's presence in Asia's infrastructure space. The transaction will also strengthen KKR's infrastructure bets in India, which include investments in a decarbonization platform, renewable energy companies, highways, and power transmission companies.
According to KKR, the transaction is expected to close by the end of this quarter. The transaction's financial details were not disclosed by the private equity firm. The transaction is also likely to allow at least some of Leap's existing investors to exit, though neither the company nor KKR provided any specifics.
A spokesperson for KKR said Leap founder Sunu Mathew will remain an investor in the company but declined to comment on exits by other shareholders.