KKR eyes majority stake in Ramky Enviro Engineers

Private equity (PE) player KKR is set to acquire a 60 per cent stake in Hyderabad-based waste management company Ramky Enviro Engineers Limited for around $600 million (Rs 40 billion). Ramky’s promoters and its existing PE investors–Standard Chartered IL&FS Asia Infrastructure Growth Fund and IL&FS PE–will be selling their stakes to KKR. Ramky has mandated investment bank Barclays to manage the sale. The company had received interest from PE funds Brookfield, CDC and Blackstone as well.