KKR

KKR and Singtel are acquiring ST Telemedia Global Data Centres (STT GDC) for S$6.6 billion, valuing the company at S$13.8 billion. KKR will hold 75% and Singtel 25% post-acquisition. This is KKR’s largest APAC infrastructure investment, driven by AI and cloud computing demand. STT GDC operates across 12 markets with 2.3 GW capacity, serving hyperscale cloud providers. This deal highlights the booming data center market and its strategic importance.

KKR has deepened its investment in Sylvan, a global leader in fungal biotechnology, by leading a new funding round. This significant capital injection, with participation from new and existing investors like Novo Holdings, will fuel Sylvan’s global expansion. The funds are earmarked for scaling production, enhancing R&D, and entering new growth markets, particularly in Asia, solidifying Sylvan’s position as a key player in sustainable fungal solutions across food, health, agriculture, and materials.

KKR and RWE have partnered in a 50:50 joint venture to develop two major UK offshore wind farms, Norfolk Vanguard East and West. This alliance will add approximately 3 GW of capacity, requiring over $15 billion in investment. The projects, expected by 2029-2030, aim to power over 3 million homes and support the UK’s decarbonization goals.

KKR will invest A$500 million in CleanPeak Energy, marking KKR’s first Asia-Pacific investment under its Global Climate Transition strategy. The partnership aims to expand CleanPeak’s distributed energy platform, focusing on solar, battery storage, and microgrids for commercial and industrial sectors in Australia. CleanPeak, a specialist in renewable energy, provides integrated solar-and-storage systems to blue-chip companies. The investment is expected to be finalized in the latter half of 2025, pending regulatory approvals.

Chinese soda brand Dà Yáo, a barbecue staple, is attracting significant attention. Private equity firm KKR is set to acquire an 85% stake in Dà Yáo Guest Drinks, potentially giving them indirect control. The move follows Dà Yáo’s national expansion and marketing push featuring action star Wu Jing. While the current management team remains, acquisition rumors have circulated, including earlier speculation of interest from Coca-Cola. Dà Yáo, alongside Coca-Cola and PepsiCo, controls a substantial portion (92.87%) of the domestic soda market. The company reiterates its commitment to long-term brand development despite market speculation.

KKR has launched Ascend Asia, a new financial advisory platform in Singapore, led by former Prudential Singapore CEO Tomas Urbanec. Ascend Asia acquired finexis advisory, making it the platform’s first member. The initiative aims to elevate financial advisory services in Singapore through enhanced client service, best practices, and strategic resources for member firms.

Torrent Pharmaceuticals is set to acquire a controlling stake in JB Pharma from KKR for INR 25,689 crores. This strategic move, followed by a merger, aims to significantly expand Torrent’s presence in the Indian pharmaceutical market. It will bolster their chronic segment expertise, introduce international CDMO capabilities, and enhance market share and operational synergies. The deal also diversifies Torrent’s business into the promising CDMO sector.