KKR Completes Acquisition of Ramky Enviro Engineers

Global investment firm KKR and Ramky Enviro Engineers LimitedA ("REEL" or
the "Company"), a leading provider of environmental services and
solutions inA IndiaA and overseas, today announced the completion of their
previously announced transaction. Under the terms of the transaction,
KKR has acquired a 60% stake in REEL for approximately US$510 million
via a combination of primary and secondary investments. In addition to
investing in REEL from its KKR Asian Fund III, the investment is part of
KKRa??s Global Impact strategy, which is focused on identifying and
investing behind businesses with positive social or environmental impact
that measurably contribute solutions to one or more of theA United
Nations Sustainable Development Goals.

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M. Goutham Reddy, Managing Director & CEO of REEL, said, "India is home
to some of the worlda??s most pressing waste management needs, and REEL
has an important role to play in providing critical solutions to
communities across the country. KKRa??s expertise in environmental issue
management, extensive global and local resources, and aligned vision to
enact positive change makes KKR the ideal partner to help us keep pace
with the environmental challenges facing our society and provide
impactful solutions. We are off to a great start with multiple strong
hires added to the management team and process enhancements work to
better our ESG efforts.a??

Rupen Jhaveri, Managing Director at KKR, added, "Supporting promising
companies that offer solutions to global challenges in areas such as the
environment, health and human capital has become an increasingly
important focus for KKR worldwide. REEL is exemplary in being a
comprehensive environmental management company whose work supports the
Swachh Bharat (Clean India) Mission to reduce pollution and improve
critical sanitation infrastructure nationwide. We are confident that,
with our industry experience and resources, REEL will be better
positioned to achieve its social mission over the long term.a??

Robert Antablin and Ken Mehlman, Co-Heads of KKR Global Impact, said,
"Responsibly managing waste is a critical global challenge, particularly
in one of the worlda??s fastest growing nations. We believe REEL will
address this critical need while advancing two of the United Nations
Sustainable Development Goals.a??
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