Deals
KKR Seeks to Buy Portfolios From Stressed Indian Shadow Lenders
- U.S. private equity firm seeks to take advantage of turmoil
- KKR to acquire portfolios of as much as $270 million
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KKR & Co. is seeking to acquire assets from stressed Indian shadow lenders, as it tries to take advantage of the market disruption after a rare money market default by Infrastructure Leasing & Financial Services Ltd.
The private equity firm’s two Indian credit units may spend as much as 20 billion rupees ($270 million) combined to purchase portfolios from local non-banking finance companies, Sanjay Nayar, KKR’s India chief executive officer, said in an phone interview Friday.