Leading global investment firm KKR today announced an
agreement to pursue acquisitions and investment opportunities by
establishing an integrated entity to provide asset management services
to the oil and gas industry globally. The platform will be led by
Founder and Executive Chairman Deepak Munganahalli, who brings more than
20 years of global oil and gas experience to the company. He will be
based in Dubai.
Mr. Munganahalli said, “Our goal is to become an integrated solutions
provider for engineering, maintenance, repair and overhaul services for
asset owners and operators in the oil and gas industry. Together with
KKR and its deep industry and investment expertise, we look forward to
providing a differentiated set of capabilities to the industry.”
Mr. Ash Upadhyaya, Director at KKR, said, “We are excited about the
opportunity to partner with Deepak, given his depth of experience and
track record in the industry.”
The investment in the platform will be made primarily by the KKR Asian
Fund II. Further details of the transaction were not disclosed. The
transaction is subject to regulatory approvals and other customary
closing conditions.
About KKR
KKR is a leading global investment firm that manages investments across
multiple asset classes including private equity, energy, infrastructure,
real estate, credit and hedge funds. KKR aims to generate attractive
investment returns by following a patient and disciplined investment
approach, employing world‐class people, and driving growth and value
creation at the asset level. KKR invests its own capital alongside its
partners' capital and brings opportunities to others through its capital
markets business. References to KKR's investments may include the
activities of its sponsored funds. For additional information about KKR
& Co. L.P. (NYSE:KKR), please visit KKR's website at http://www.kkr.com/ and
on Twitter @KKR_Co.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151222006098/en/
Copyright Business Wire 2015
Source: Business Wire
(December 23, 2015 - 2:40 AM EST)
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