KKR, a leading global investment firm, and Ontario Teachers’ Pension Plan Board (“Ontario Teachers’”) today announced the signing of agreements under which Ontario Teachers’ will invest up to US$175 million (CAD220 million) in KKR’s road platform in India, which includes Highway Concessions One.
The roads sector is a core area of focus for KKR’s infrastructure in India. This transaction follows KKR’s recent infrastructure investments in the country, including its acquisition of Highway Concessions One, Virescent Infrastructure and the setting up of Virescent Renewable Energy Trust, India’s first renewable energy infrastructure trust (“InvIT”), and India Grid Trust (“IndiGrid”), a leading infrastructure investment trust.
For Ontario Teachers’, the transaction marks its third infrastructure investment in India, following its investment of a 25% stake in the National Highways Infra Trust late last year. Ontario Teachers’ is also an anchor investor in the National Investment and Infrastructure Fund (“NIIF”).
Read more: Business Wire
