KKR & Co. (KKR) Invests in Avantus
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KKR Invests in Avantus to Support Renewable Energy Deployment in the United States
March 20, 2024 4:45 PM EDTTransaction Marks First U.S. Investment from KKRs Global Climate Strategy
NEW YORK--(BUSINESS WIRE)-- Today, KKR, a leading global investment firm, announced the signing of a definitive agreement pursuant to which investment funds and accounts managed by KKR agreed to acquire a majority stake in Avantus, a premier U.S. developer of large utility-scale solar and solar-plus-storage projects. Following the close of the transaction, KKR and existing investor EIG, a leading institutional investor in the global energy and infrastructure sectors, will be the sole equity investors in Avantus. Both equity sponsors are... More
