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Announced

Completed

KKR completed a $400m investment in Serentica Renewables.

Financials

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Transaction Value£349m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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semiconductor manufacturing

Private

Friendly

Cross Border

Private Equity

Single Bidder

Renewable Energy Equipment

Acquisition

renewable energy semiconductor

India

Minority

Completed

Synopsis

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KKR, a global investment firm, completed a $400m investment in Serentica Renewables, a renewable energy semiconductor manufacturing company. “Our investment in Serentica reflects KKR’s confidence in India’s renewables sector and our commitment to advancing the energy transition in India. Energy-intensive, heavy-industry companies play an important role in society but have traditionally faced more challenges in meeting energy needs sustainably. With Serentica, we look to support these companies in their decarbonization objectives. We are delighted to back Serentica through this latest strategic partnership and are excited to develop Serentica into a leading decabonization platform that can contribute meaningfully to the energy transition requirements that lie ahead of us,” Hardik Shah, KKR Partner.

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