Ontario Teachers’ to invest $175 million in KKR’s road platform in India

Business


Investment firm KKR and Ontario Teachers’ Pension Plan Board have signed agreements under which Ontario Teachers’ will invest up to $175 million (CAD220 million) in KKR’s road platform in India, that includes Highway Concessions One, KKR said in a statement. 

The road platform comprises a portfolio of 12 road assets, including six that are proposed to be acquired pursuant to definitive agreements that have been signed, it said.

This includes a diversified mix of toll and annuity roads, with a total length of more than 910 kilometers across 11 States, including Chhattisgarh, Gujarat, Karnataka, Madhya Pradesh, Maharashtra, Meghalaya, Odisha, Rajasthan, Tamil Nadu, Telangana, and West Bengal, it added.

“The platform possesses significant potential to scale, with plans in place to acquire more assets in the future,” it said.

The transaction is expected to be completed in Q3 2022, subject to regulatory approvals and closing conditions.



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