M&A Deal Summary

KKR Acquires CTT

On November 8, 2021, private equity firm KKR acquired business services company CTT from Macquarie Infrastructure and Real Assets

Acquisition Highlights
  • This is KKR’s 14th transaction in the Business Services sector.
  • This is KKR’s 9th transaction in Japan.

M&A Deal Summary

Date 2021-11-08
Target CTT
Sector Business Services
Buyer(s) KKR
Sellers(s) Macquarie Infrastructure and Real Assets
Deal Type Secondary Buyout

Target

CTT

Tokyo, Japan
CTT is a chemical storage tank operator, offering over 300,000 cubic meters of storage capacity across seven terminals located near key ports and strategic hubs around Tokyo Bay, Osaka Bay, Nagoya, and Kitakyushu. CTT provides tank storage and auxiliary services to more than 80 blue-chip customers, including major chemical manufacturers. CTT was founded in 1966 and is based in Tokyo, Japan.

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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 411 of 499
Sector: Business Services M&A 14 of 18
Type: Secondary Buyout M&A Deals 84 of 113
Country: Japan M&A 9 of 13
Year: 2021 M&A 43 of 52
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-05 SK E&S

Seoul,, South Korea

SK E&S is a member of the SK Group, that engages in a range of businesses, including upstream such as overseas gas field development and downstream such as power generation, district energy, and city gas distribution. SK E&S was formed in 1999 and is based in Seoul, South Korea.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-09 Wolt

Helsinki, Finland

Wolt is a technology company that makes it incredibly easy to discover and get the best restaurants, grocery stores, and other local shops delivered to home or office. Wolt works together with over 30,000 restaurant and retail partners as well as with over 60,000 courier partners across 23 countries and 129 cities. Wolt was founded in 2014 and is based in Helsinki, Finland.

Sell €7.0B

Seller(S) 1

DESCRIPTION

Macquarie Infrastructure and Real Assets (MIRA) is a global investor in infrastructure, real estate, agriculture, and energy assets. MIRA's infrastructure practice looks to acquire businesses such as transportation, water and energy utilities, and waste management. MIRA's real estate practice looks to acquire and develop retail, commercial, residential and industrial properties. MIRA's agriculture team looks to operate and develop agriculture businesses and farmland. MIRA's energy team seeks opportunities in upstream energy and upstream energy-related assets and businesses in the US and Canada. Macquarie Infrastructure and Real Assets is headquartered in London with additional offices throughout the world.


DEAL STATS #
Overall 10 of 11
Sector: Business Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 4 of 5
Country: Japan M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-24 Societa Gasdotti Italia

Frosinone, Italy

Societa Gasdotti Italia is the largest independent gas transmission operator in Italy, with a 1,700-kilometre high-pressure pipeline network transporting natural gas to key industrial and urban centers. Societa Gasdotti Italia is based in Frosinone, Italy.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-19 Apex Energies

Montpellier, France

Apex Energies engages in development and operation of photovoltaic power plants on agricultural roofs in mainland France and the overseas departments. Apex Energies was founded in 1991 and is based in Montpellier, France.

Buy -