KKR Invests in India’s JBF Group
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KKR & Co. (KKR) Makes $150M Investment in Polyester Product Producer JBF Group
July 31, 2015 7:11 AM EDTJBF Industries Ltd. (JBF), a leading manufacturer of polyester value-chain products, has signed a definitive agreement with global investment firm KKR under which KKR will invest $150 million into JBF Group, an entity that includes JBFs international subsidiaries.
A portion of the proceeds will be used by KKR to acquire a 20% stake in JBF, listed on the BSE Ltd. and National Stock Exchange of India. The remaining proceeds will be invested into zero-coupon convertible preference shares with... More
