Secondary Buyout • Energy Services and Equipment

KKR Acquires Zenith Energy

On June 16, 2025, private equity firm KKR acquired energy services and equipment company Zenith Energy from Pacific Equity Partners and Foresight Private Equity

Acquisition Context
  • This is KKR’s 12th transaction in the Energy Services and Equipment sector.
  • This is KKR’s 15th transaction in Australia.

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M&A Deal Summary

Date June 16, 2025
Target Zenith Energy
Sector Energy Services and Equipment
Buyer(s) KKR
Sellers(s) Pacific Equity Partners
Foresight Private Equity
Deal Type Secondary Buyout

Target Company

Zenith Energy

Rivervale, Australia
Zenith specializes in the delivery of sustainable and reliable hybrid power solutions for remote, off-grid resource sector clients and urban microgrids for commercial, industrial, and residential precincts. Zenith Energy is based in Rivervale, Australia.
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Buyer Overview 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 Context for Buyer #
Overall 495 of 503
Sector: Energy Services and Equipment 12 of 12
Type: Secondary Buyout 111 of 113
Country: Australia 15 of 15
Year: 2025 7 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-15 Datagroup

Pliezhausen, Germany

Datagroup is an IT service enterprise that provides highly qualified and certified services in the areas of consulting, integration + solutions, and operations. Datagroup was founded in 2005 and is based in Pliezhausen, Germany.

Buy €450M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-29 JBCPL

Mumbai, India

JBCPL is a formulation pharma company in India with a domestic brand portfolio and exports to several international markets. JBCPL was formed in 1976 and is based in Mumbai, India.

Sell -

Seller Profiles 2

SELLER

Pacific Equity Partners

Sydney, Australia

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 10.0B AUD
Size Mega
Type Sector Agnostic
DESCRIPTION

Pacific Equity Partner (PEP) is a private equity firm focused on buyout and late stage expansion capital investments in Australia and New Zealand. PEP typically partners with management teams in acquiring businesses and focuses on transactions valued up to AU$1 Billion. The Firm prefers control situations and typically holds investments for three to six years. PEP will not invest in start-ups or unprofitable businesses, as well as gambling or tobacco companies. Pacific Equity Partners was formed in 1998 and is based in Sydney, Australia. The Firm targets various industries.


Deal Context for Seller #
Overall 23 of 23
Sector: Energy Services and Equipment 1 of 1
Type: Secondary Buyout 5 of 5
Country: Australia 15 of 15
Year: 2025 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-30 SG Fleet

Pymble, Australia

SG Fleet is a provider of integrated mobility solutions, including fleet management, vehicle leasing and salary packaging services. SG Fleet was founded in 1986 and is based in Pymble, New South Wales.

Buy AU$1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-26 Johns Lyng Group

Doncaster, Australia

Johns Lyng Group is a provider of building, restoration, and strata management services Johns Lyng Group was founded in 1953 and is based in Doncaster, Australia.

Buy AU$1.3B
SELLER

Foresight Private Equity

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 1.4B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Foresight Group LLP (Formerly VCF Partners)


Deal Context for Seller #
Overall 61 of 61
Sector: Energy Services and Equipment 1 of 1
Type: Secondary Buyout 12 of 12
Country: Australia 1 of 1
Year: 2025 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-01 Beam

Bristol, United Kingdom

Beam is an independent provider of hydrographic surveys and adaptive ROV solutions. Beam also engages in the application of 3D vision and Artificial Intelligence in the subsea survey. Beam's mission is to provide an individual, client-centric ROV and hydrographic service, coupled with cutting edge research that has the potential to change the face of the industry. Beam was founded in 2015 and is based in Bristol, United Kingdom.

Sell -