PE-VC Fund Investments
KKR acquires majority stake in bulk liquid & gas biz Cisternina
KKR has acquired a majority stake in Mumbai-based Cisternina Logistics , a bulk liquid and gas storage and logistics business. The investment , made through KKR’s Asia Pacific infrastructure strategy, aims to support Cisternina’s acquisition of the liquid storage terminal and rail business of Ganesh Benzoplast.Founded in 2024, Cisternina provides integrated storage and logistics solutions across the energy, chemicals, bulk liquids, and edible oil sectors. The firm plans to use the investment to scale its operations through further acquisitions, brownfield expansions, and the development of new storage infrastructure across India.The company intends to leverage the existing liquid storage terminal assets of Ganesh Benzoplast, which include about 500,000 KL of capacity at Jawaharlal Nehru Port Authority, Cochin, and Goa. The investment will also support efforts to enhance the firm’s management capabilities, governance, and safety standards.
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