Investment Summary

KKR Invests In First Gen

On June 28, 2020, private equity firm KKR invested in utilities company First Gen

Investment Highlights
  • This is KKR’s 8th transaction in the Utilities sector.
  • This is KKR’s 3rd transaction in Philippines.

Investment Summary

Date 2020-06-28
Target First Gen
Sector Utilities
Investor(s) KKR
Deal Type Stake Purchase

Target

First Gen

Pasig, Philippines
First Gen is an independent power producer that primarily utilizes clean and indigenous fuels such as natural gas, geothermal energy from steam, the hydroelectric, wind, and solar power. First Gen is based in Pasig, Philippines.

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Investor(S) 1

Investor

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 350 of 499
Sector: Utilities M&A 8 of 9
Type: Stake Purchase M&A Deals 46 of 66
Country: Philippines M&A 3 of 4
Year: 2020 M&A 21 of 39
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-23 Environmental Dynamics International

Columbia, Missouri, United States

Environmental Dynamics International specializes in the research, development, and application of advanced technology aeration and biological treatment solutions for municipal and industrial wastewater. EDI’s systems have been installed in over 7,000 facilities across 100 countries – benefiting more than an estimated 300 million people around the world. Environmental Dynamics International was formed in 1975 and is based in Columbia, Missouri.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-29 Artlist

Luxembourg, Luxembourg

Artlist is a provider of a full suite of high-quality, royalty-free licensed music, stock video clips, and sound effects for digital creative industries. Members with active subscriptions have full and unlimited access to the site’s entire music, SFX and footage catalogs. Artlist was founded in 2016 and is based in Luxembourg.

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