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Announced

OTPP to invest $175m in the India road platform of KKR.

Financials

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Transaction Value£134m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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road infrastructure

Private Equity

toll roads

Minority

Infrastructure

Acquisition

Private

Single Bidder

Pending

India

Toll Roads

Cross Border

Friendly

Synopsis

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Ontario Teachers’ Pension Plan Board, an independent organization responsible for administering defined-benefit pensions for school teachers of the Canadian province of Ontario, agreed to invest $175m in the India road platform of KKR, a global investment firm. "We’re delighted to further our investments in high quality Indian infrastructure and to collaborate with KKR on creating greater connectivity, and increased opportunities, for the country via an improved roads network," Bruce Crane, Ontario Teachers’ Managing Director, Infrastructure, Asia-Pacific.

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