KKR & Co. Inc. has set the stage for an exit from RE Sustainability Ltd, selling the municipal business back to its founders, and hiring bankers to find a buyer for the remaining industrial waste.
KKR has appointed two investment banks to find buyers for RE Sustainability s industrial waste business. This is KKR s second attempt to the exit the business, after trying a sale in August 2021, and a public listing.
Private equity firm KKR & Co plans to restructure waste management firm RE Sustainability Ltd and divest its industrial waste management business at a valuation ..
The US private equity giant currently owns 60% stake in Re Sustainability (formerly Ramky Enviro Engineers) that handles municipal solid waste, industrial waste and biomedical waste across the country. The balance 40% is held by founder promoter Ayodhya Rami Reddy.
KKR & Co. plans to carve out the municipality business from RE Sustainability Ltd (formerly Ramky Enviro Engineers Ltd) that it acquired five years ago, ..