U.S. private equity (PE) giant KKR plans to relaunch the sale of its waste management portfolio company after delaying nearly a year, three people familiar with the matter said.
The PE company's exit from Re Sustainability Ltd (formerly Ramky Enviro Engineers Ltd) has a maximum value of $100 million to $1.5 billion, the three said on anonymously, adding that global PE companies such as Blackstone, Carlyle, Cvc, Macquarie, Macquarie and Stonepeak have been at Behalf of Kkrf of Kkrf of Behalf.
The above person said: “The IMS (Memorandum of Information) may be issued later this month and the transaction may officially begin.” The transaction comes a year after KKR cut out the industrial waste management business from Ramky Enviro and appointed investment banks JP Morgan and Barclays for the sales process.
This is KKR's second attempt to exit the business after trying to sell the company in August 2021. The company also explores public listings.
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KKR bought nearly 60% of Ramky Enviro engineers for about $530 million in August 2018. last year, Mint He is the first to report on KKR making money and selling municipal businesses, from RE sustainability to the founder of the company Alla Ayodhya Rami Reddy.
A KKR spokesperson declined to comment in response via email. A spokesperson for JP Morgan also declined to comment. Questions about Barclays, CVC, Blackstone, Carlyle, Stone Parker and Macquarie have not been answered until the time of publication.
Founded in 1994 by YSR Congressman Reddy, the company provides services including the management of solid waste, industrial waste, industrial waste, biomedical waste, electronic waste, electronic waste, in addition to recycling, wasting on energy projects and integrated environmental services as well as integrated environmental services such as water and waste treatment services, such as water and waste treatment services, set up styling factories, set up lab services, supply, supply, supply.
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According to the October 2024 India Rating Release, the RE ReSutability Ltd process exceeds 1 million tons of industrial waste per year and serves in 45,000 medical facilities.
The Industrial Waste Management (IWM) business will continue to be the highest contributor to its overall retention business. During the fiscal 24th period, RE sustainability's consolidated business revenue was approximately ₹21.3 billion ( ₹21.3 billion) and EBITDA ₹Indian ratings press release says Rs 720 crore. EBITDA refers to income before interest, tax, depreciation and amortization.
“RE Sustainability Ltd’s retention business has high barriers to entry as government regulations do not allow the establishment of existing locations at alternative hazardous waste disposal sites and biomedical waste disposal sites within 400 km and 75 km. This creates a strong competitive advantage for Resl.
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