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Announced

Completed

KKR completed a $450m investment in Hero Future Energies.

Financials

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Transaction Value£394m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Minority

Friendly

Cross Border

Private

Acquisition

Private Equity

Single Bidder

Renewable Energy Equipment

renewable energy

India

Completed

Synopsis

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KKR, an American global investment company, completed a $450m investment in Hero Future Energies, an independent power producer. “Hero Future Energies is a pioneer in India’s renewables sector, and has a strong track record of delivering innovative clean energy solutions to support India’s renewable energy ambitions. HFE’s clean energy solutions play an important role in helping companies decarbonize as energy demands continue to grow. We look forward to working closely with HFE’s management team and existing investors, including the Hero Group and IFC, to help HFE achieve its next phase of growth and contribute to the energy transition efforts in India and globally,” Hardik Shah, KKR Partner.

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