Investment firm KKR recently acquired the majority of the shares in LEAP India, an Indian platform for pallet pooling, the company said on Wednesday. This is a significant expansion of KKR’s infrastructure presence in Asia. The majority of the Company will be purchased by the funds managed by KKR under this agreement.
If everything related to the typical pre-closing as well as closing conditions proceeds according to plan, the transaction for the arrangement will be finished by Q3 2023.
Investment Firm KKR to Purchase Majority Shares in Pallet Pooling Platform
The transaction will aid KKR in implementing its infrastructure strategy for Asia. In the past, the company has also made investments in Serentica Renewable, a platform for reducing greenhouse gas emissions that aims to offer sophisticated sustainable energy options for hard-to-abate manufacturing sectors that use a lot of energy, Virescent Infrastructure, Hero Future Energies, Highways Infrastructure Trust and IndiGrid, as per companies news today.
“We are happy to support LEAP, a pioneer in the Indian pallet pooling market that will be critical to the country’s continued development and expansion. Ami Momaya, Director, Infrastructure at KKR, stated that LEAP is assisting this shift by offering the essential resources required for the manufacture, storage, and circulation of commodities in supply chains. In doing so, LEAP also helps businesses become better prepared to reduce the ecological footprint of their operations.
Leap India was established in 2013 to offer the sector supply chain and logistics solutions. Sunu Mathew founded the business, which offers pallet services along with other distribution system solutions including gadgets sharing, exchangeable packaging, inventory control, movement, transportation costs, and maintenance and repair services.
According to the latest business headlines, the business currently runs 21 warehouses, serves in excess of 3,500 customer places of interest, and oversees over six million different assets, which include pallets and containers.
“Leap’s mission has been dedicated to offering high-quality solutions for the supply chain to meet the needs of our clients and advance India’s modernization since the company’s inception. In order to speed up our development and provide our clients with meaningful solutions, we intend to leverage KKR’s global expertise going forward, according to Sunu Mathew, founder as well as managing director of LEAP India.
Ethan Wilson