M&A Deal Summary

KKR Acquires Aster Renewable Energy

On April 28, 2022, private equity firm KKR acquired renewable energy company Aster Renewable Energy

Acquisition Highlights
  • This is KKR’s 6th transaction in the Renewable Energy sector.
  • This is KKR’s 9th transaction in Singapore.

M&A Deal Summary

Date 2022-04-28
Target Aster Renewable Energy
Sector Renewable Energy
Buyer(s) KKR
Deal Type Consolidation

Target

Aster Renewable Energy

Singapore , Singapore
Aster develops, builds and operates renewable energy assets across Asia, a region with a rapidly growing population, economy and need for renewable energy. Aster Renewable Energy was formed in 2022 and is based in Singapore city.

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Buyer(S) 1

Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 428 of 499
Sector: Renewable Energy M&A 6 of 12
Type: Consolidation M&A Deals 11 of 12
Country: Singapore M&A 9 of 10
Year: 2022 M&A 8 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-28 Albioma

Paris, France

Albioma specializes in the design, construction and operation of low- and medium-power electrical cogeneration plants. Albioma was founded in 1982 and is based in Paris, France.

Buy €485M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-02 Cordia Energy

Phoenix, Arizona, United States

Cordia Energy consists of thermal infrastructure assets that provide steam, hot water, and/or chilled water, and in some instances electricity, to commercial businesses, universities, hospitals, and governmental customers across the United States. Cordia Energy is based in Phoenix, Arizona.

Buy $1.9B