Other Private Equity/Strategic Investments
I Squared Capital-Veolia consortium leads race to acquire KKR-owned waste mgmt co. Re Sustainability
A consortium comprising US-based private equity firm I Squared Capital and French environmental-services group Veolia has emerged as the frontrunner to acquire the KKR-backed waste management firm Re Sustainability (ReSL). KKR, which holds a 60% stake in the Hyderabad-based company, is evaluating options to finalise a full exit.Re Sustainability, founded by Alla Ayodhya Rami Reddy, is an integrated environmental and sustainability solutions provider. The company manages a portfolio across waste-to-energy, recycling, industrial, and hazardous waste management, operating at approximately 100 sites globally. The company recently underwent an NCLT-approved demerger, which saw its municipal solid waste-management business separated and sold back to the founder.
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