KKR Makes Two New Investments In Asian Soil: Details

KKR & Co. Inc. KKR and Baby Memorial Hospital inked definitive agreements through which KKR-managed funds will acquire a majority stake in the regional multi-specialty hospital chain in India. The financial details of the deal remain undisclosed.

Akshay Tanna, Partner and Head of India Private Equity, KKR, said, “Our investment in BMH reflects our continued thematic focus on healthcare in India.”

“We are pleased to be strategic partners with Dr. K G Alexander and family through this investment, which will aid BMH in expanding its network of hospitals and continuing to invest in medical infrastructure so that its medical services can reach more patients in India.”

Yesterday, KKR and Teachers’ Venture Growth (TVG) have inked definitive deals to jointly lead a $140 million (JPY 21.4 billion) Series E funding round for SmartHR.

Mukul Chawla, Partner and Head of Growth Equity, Asia Pacific, KKR, said, “As one of Japan’s leading human resource Software as a Service (SaaS) platforms, SmartHR is playing a critical role in enabling the country’s drive towards greater workforce productivity, while leaning into accelerating digitalization and cloud penetration. Through our technology growth strategy, we look to support innovative, disruptive local champions with our expertise, best practices and networks across KKR’s global platform.”

Read: KKR Eyes $20B New North America Fund In Tough Market: Report

In June, KKR made its largest purchase of apartment buildings, paying $2.1 billion to acquire more than 5,200 apartment units across the U.S.

KKR stock has gained more than 86% in the last 12 months. Investors can gain exposure to the stock via FM Focus Equity ETF FMCX and EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF LBO.

Read: KKR’s Johannes Huth Retires After Pioneering European Deals – Details Here

Price Action: KKR shares are down 0.23% at $105.00 premarket at the last check Monday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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