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KKR Backs Energy Savings Solutions with Investment in Singaporea??s BBP

Leading global investment firm KKR today announced an investment in
Barghest Building Performance ("BBPa?? or the "Companya??), a
Singapore-based provider of energy savings solutions to Heating,
Ventilation and Air Conditioning ("HVACa??) systems in commercial and
industrial buildings. KKR will be investing up to S$45 million in the
Company.


This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20181212005347/en/


BBPa??s energy efficiency solution applies a combination of proprietary
software, customized engineering, and equipment to deliver the same
cooling load to sites while consuming up to 40% less energy. The
solution is applicable for all central chiller plant systems, regardless
of brand or age. BBP also supports its clients with continuous
commissioning technologies and comprehensive asset management services
that sustain the level of savings over long periods of time. BBP offers
the solution on a yearly subscription based on 3rd party
verified energy savings, eliminating the need for upfront investment
costs by customers. The Company prides itself on minimizing operational
risk and maximizing system availability. BBP has helped customers across
Asia Pacific in commercial office space, hotels, district cooling and
large complex industrial facilities such as semiconductor fabrication
sites. Further details on the Companya??s projects and customers can be
found here.


"We invested in BBP because we share the passion of this dynamic,
entrepreneurial team to build BBP into a pan-Asian energy solutions
leader. Wea??re excited to be investors, and wea??re equally excited to be
customers as we believe that many of KKRa??s portfolio companies will also
benefit from BBPa??s solutions,a?? said Ashish Shastry, KKR Member & Head of
Southeast Asia.


"When we first set out to design a solution to improve energy efficiency
in existing systems throughout Asia, we knew the impact could be quite
large. Now with KKR and their resources onboard, we are thrilled knowing
how much greater that impact can be a?? well beyond Asia a?? and we are
greatly looking forward to working with KKR in accomplishing our
mission,a?? said Poyan Rajamand, BBP Co-Founder and CEO.
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