KKR eyes YIDO for another eco-friendly investment here
Posted : 2021-04-08 15:27
By Park Jae-hyuk
KKR is in talks with YIDO to acquire around a 50 percent stake in the Korean property management company for around 200 billion won ($180 million), according to industry sources and media reports, Thursday.
Considering that YIDO has been focusing on the waste management sector lately, the latest negotiation is interpreted as part of KKR s efforts to increase environmental investments here.
Last year, the global private equity firm (PEF) became the second-largest shareholder of TSK by taking over a 37.39 percent stake in the local sewage management firm for 440 billion won from SK E&C, Huvis and SK Discovery. This deal was signed a few months after KKR acquired controlling stakes in Eco Solution Group and its affiliate, ESG Cheongwon, for around 800 billion won from Anchor Equity Partners.