KKR completed the acquisition of an additional 7.3% stake in First Gen for $171m.

KKR completed the acquisition of an additional 7.3% stake in First Gen, an independent power producer in the Philippines, for $171m. “After having been invested in First Gen for this past year, our admiration for First Gen’s business and strategy – including its work to support the energy transition in the Philippines – as well as its Board and management team has only increased. Today, we are pleased to have this opportunity to extend our shareholding in First Gen and support its work to provide critical energy solutions to millions of Filipinos across the country. This investment marks the latest milestone for KKR in the Philippines, and deepens our commitment to the market," Michael de Guzman, KKR Managing Director.