KKR completed the acquisition of a 60% stake in Ramky Enviro Engineers, a provider of environmental services and solutions in India and overseas, for $510m. KKR's investment in REEL marks one of the largest buyouts in India, in addition to being the first private equity buyout in the country's highly attractive environmental services sector. The deal comes as Prime Minister Narendra Modi's administration enhances its focus on environmental management through the Swachh Bharat (Clean India) Mission, an initiative to reduce pollution and improve critical sanitation infrastructure to boost living standards in cities, towns and rural villages nationwide. "We are excited to partner with REEL, the only comprehensive environmental management company offering end-to-end environmental and waste management services across India. REEL's work uniquely supports the Swachh Bharat Mission, and our team is pleased to invest in the growth of a company that provides critical services and infrastructure to reduce pollution and address the needs of India's expanding urban population," Sanjay Nayar, KKR India Member & CEO.