Liquidity Events
KKR sells part of RE Sustainability’s municipal biz back to promoters
Global private equity investor KKR has sold back the municipal business of Hyderabad-headquartered RE Sustainability to its founders. KKR has also appointed two investment banks to find buyers for RE Sustainability’s industrial waste business.This is KKR’s second attempt to exit the business after trying a sale in August 2021 and a public listing. KKR is seeking a valuation of USD 1 Billion for its entire stake.KKR acquired a 60% stake in the company, then called Ramky Enviro Engineers Ltd, for USD 530 million in 2018.
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