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KKR to Buy Sustainability Consultancy ERM From Canada Funds

  • Deal values ERM at about $2.7 billion, including debt: sources
  • Businesses are paying ever-closer attention to green issues
Updated on

KKR & Co. has agreed to buy sustainability consultancy ERM Group Inc. at a time when the business world is paying ever-closer attention to green issues amid pressure from investors.

The private equity firm has acquired a majority stake in ERM from Canada’s Omers Private Equity and Alberta Investment Management Corp., according to a statement Monday confirming an earlier Bloomberg News report. ERM’s management team and partners will remain minority investors.