Skip to content
Subscriber Only
Markets
Deals

KKR Woos State Funds on Deal for $12 Billion Tower Firm

  • Consortium reaches out to Abu Dhabi, Norway sovereign funds
  • Brookfield also plans to weigh takeover bid for Indus Towers
Updated on

A consortium led by KKR & Co. has approached sovereign funds about joining a potential deal to take over Indus Towers Ltd., which could value India’s largest wireless infrastructure company at more than $12 billion, people with knowledge of the matter said. 

KKR and Canada Pension Plan Investment Board are weighing a two-part transaction that would see them gain control of Indus Towers, according to the people, who asked not to be identified because the information is private. The investors are seeking financial partners to participate in the deal and have reached out to sovereign funds including Abu Dhabi Investment Authority and Norway’s wealth fund, the people said.