Opalesque Industry Update - A strategic move to establish local specialist capability and expand further in the Asia-Pacific region
ICG is delighted to announce that it has hired a dedicated team to i.
KKR acquires New Zealand’s Natural Pet Food Group through Asian fund
Photo: Fernando Jorge/ Unsplash.com
May 3, 2021
Private equity giant KKR & Co announced that it has acquired New Zealand-based premium pet food company Natural Pet Food Group for an undisclosed amount.
The acquisition will be funded by KKR Asian Fund IV, the PE firm’s $15-billion Asia-focused buyout fund.
Natural Pet Food Group CEO Neil Hinton said the acquisition will allow the company to grow internationally, develop new products, and take its brands to new customers and new markets.
Launched in 2006, the company sells pet food through its dog and cat brands K9 Natural, Feline Natural, and Meat Mates. The company’s pet food is produced from grass-fed and free-range meat, cage-free chicken, and sustainable seafood.
KKR leads $60.6m funding in Japan’s largest QR code payment gateway Netstars
Image from Netstars website.
April 14, 2021
Netstars Co Ltd, the operator of Japan’s largest QR code payment gateway, has raised 6.6 billion yen ($60.6 million) in its latest funding round led by private equity giant KKR & Co, according to an announcement.
KKR made a 4 billion yen investment through funds it manages. Hong Kong-based investment firms SIG and LUN Partners also participated in the round, which was made through a combination of capital infusion and allotment of new shares.
Netstars, a payments aggregator and fintech company headquartered in Tokyo, operates StarPay, a payments aggregation solution that integrates payment providers into a single device or software platform.
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.