Simpson Thacher is representing KKR in connection with its definitive agreements with LEAP India (“LEAP”) under which funds managed by KKR will acquire a majority stake in LEAP. KKR is making this investment as part of its Asia infrastructure strategy. The transaction is expected to be completed by Q3 2023, subject to customary pre-closing and closing conditions.
Founded in 2013 by Sunu Mathew, LEAP is a leading pallet pooling platform in India, providing a wide range of innovative and high-quality supply chain solutions, including equipment pooling, returnable packaging, inventory management and movement, transportation, and repair and maintenance, to a diversified and large customer base across e-commerce, consumer durables, beverages, fast-moving consumer goods and automotive. Today, the Company operates a network of 21 warehouses and more than 3,500 customer locations, and manages more than six million total assets, including pallets and containers, across India for its customers.
The Simpson Thacher team includes Ian Ho and Nelson Siu Yuen Tai (M&A); Makiko Harunari (Credit); Sarah Lindley, Meredith Jones, Jenna Al-Malawi and Ruoxi Zhang (Tax); and Étienne Renaudeau (Antitrust).