KKR to Acquire Ramky Enviro Engineers Limited
08.14.18
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Simpson Thacher is representing KKR in connection with its acquisition of a 60% stake in Ramky Enviro Engineers Limited (“REEL”) for approximately US$530 million, valuing REEL at an enterprise value of US$925 million. KKR’s investment in REEL marks one of the largest buyouts in India and is the first private equity buyout in the country’s environmental services sector. The transaction is subject to customary closing conditions.
REEL is a leading provider of comprehensive environmental management services, including the management, collection, transport and processing of hazardous, municipal, biomedical and e-waste, as well as the recycling of paper, plastic and chemicals, and also focuses on renewable energy generation and offers consulting and integrated environmental services. REEL has a presence in over 60 locations across 20 Indian states, as well as in certain Southeast Asian, Middle Eastern and African markets.
The Simpson Thacher team for the transaction includes Ian Ho, Yui Hirohashi and Matthew Leung (M&A); Adeeb R. Fadil (Environmental); Jacqueline Clinton (Tax); David Vann, Etienne Renaudeau and Preston Miller (Antitrust).