KKR commits $600 m credit finance to Manipal group
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Gaurav Trehan, co-head of KKR Asia Pacific and head of Asia Private Equity, KKR said, "The Manipal group has built a strong reputation over the decades as one of India's healthcare and education leaders, and we look forward to supporting and contributing to their continued success.'
Ranjan Pai, chairman of Manipal Education and Medical Group, said, 'KKR's longstanding India focus and flexible capital approach, as well as alignment with our long-term vision, present a strong fit for us.'
The Manipal group has major businesses across the healthcare, education, and health insurance sectors, including Manipal Health Enterprises, one of India's top multispecialty hospitals chains.
The investment will be routed from KKR's Asia Pacific Credit strategy and insurance platform. Since 2019, KKR has committed over $8 billion across around 60 credit investments under its Asia Pacific Credit strategy, accounting for a total transaction volume of over $21 billion.
Additional details of the transaction were not disclosed.
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