To expand in Philippines KKR announced to invest in Pinnacle Towers Pte. Ltd. The investment advance the companys mission to build the leading independent telecom tower platform in the Philippines. Pinnacles principal subsidiary is Frontier Tower Associates Philippines, Inc. (FTAP).
- Pinnacle aims to strengthen and expand the Philippines telecom infrastructure at a time when Filipino mobile users increasingly demand reliable data-rich, high-speed, affordable connectivity, and more generally to address the rapidly growing demands for telecom infrastructure in and around Southeast Asia.
- Pinnacle specializes in undertaking build-to-suit telecom tower projects, providing operators with capital-efficient infrastructure solutions to rapidly expand their coverage.
- Pinnacles subsidiary FTAP is one of the first independent TowerCos in the Philippines to secure a provisional license to operate from the Department of Information and Communications Technology and is a pioneer in the recently liberalized Philippines tower market.
The major investments and acquisitions by KKR in last few months are mentioned below:
Sep 2020: KKR announced to invest approximately $834 million into Reliance Retail Ventures Limited (RRVL), a subsidiary of Indian energy giant Reliance Industries. KKRs investment will translate into a 1.28% equity stake in RRVL on a fully diluted basis.
July 2020: Indias leading pharmaceutical company J.B. Chemicals & Pharmaceuticals announced that KKR a global investment firm has entered into an agreement to purchase a controlling stake in the company.
June 2020: KKR-Led consortium that also includes Temasek had announced an investment of approximately $650 million in Vinhomes Joint Stock Company, the leading integrated real estate developer in Vietnam. The KKR-led consortium has collectively acquired 6 percent equity stake in Vinhomes.
June 2020: KKR had completed the acquisition of OverDrive from Rakuten. OverDrive, is a leading digital reading platform for libraries and schools.
May 2020: A leading data center entrepreneur Franek Sodzawiczny and investment firm KKR announced the formation of Global Technical Realty (GTR), a build-to-suit and roll-up acquisition data center platform in Europe. KKR will make a $1 billion equity capital commitment for GTR.
May 2020: Jio Platforms Limited is Indias leading digital services platform and wholly-owned subsidiary of Reliance Industries Limited, announced that KKR will invest approximately $1.7 billion into Jio Platforms. This is KKRs largest investment in Asia and will translate into a 2.32% equity stake in Jio Platforms on a fully diluted basis.
April 2020: Texas based digital solution provider o9 Solutions, Inc. announced a minority equity investment from KKR. o9s AI-powered Integrated Business Planning platform helps leading global enterprises drive digital transformation and increasing their revenue.
April 2020: KKR will acquire five solar energy assets from Shapoorji Pallonji Infra for a total consideration of approximately $204 million. The transaction includes assets with a capacity of 169MWp in Maharashtra and assets with a capacity of 148 MWp in Tamil Nadu in India.
February 2020: KKR, IGIS Asset Management is a Koreas largest real estate fund manager, and leading Korean real estate developer SK D&D announced their acquisition of Namsan Square, an office tower located in the central business district of Seoul, from a real estate investment trust operated by KOREIT, a domestic asset manager in Korea.
February 2020: KKR, and Altavair AirFinance (Altavair), a leader in commercial aviation finance, announced today the signing of a definitive agreement to acquire a portfolio of commercial aircraft from Etihad Airways (Etihad), the national airline of the United Arab Emirates. The acquisition will be made through aircraft leasing investment platform Altitude Aircraft Leasing, which was established by KKRs credit and infrastructure funds in 2018 to acquire aircraft serviced by Altavair.
KKR (Kohlberg Kravis Roberts & Co), headquartered in New York, United States, is a worlds leading investment firm. The company manages a board range of assets including private equity, energy, infrastructure, real estate and credit, with strategic partners that manage hedge funds. The company invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business globally.