Kkr To Acquire 20% Stake In Singtel’S Regional Data Centre Business Valued At S$5.5 Billion
Acquiring Company
Kohlberg Kravis Roberts
Acquired Company
Optus
New York
AustraliaEnergyFinancial ServicesReal EstateFinanceReal Estate InvestmentVenture CapitalAngel InvestmentRenewables & EnvironmentTelecommunicationsDescription
Singtel, Asia's leading communications technology group, and leading global investment firm KKR have reached a definitive agreement under which a fund managed by KKR will commit up to S$1.1 billion (~US$800 million) for a 20% stake in Singtel’s regional data centre business. This investment puts the enterprise value of Singtel’s overall regional data centre business at S$5.5 billion. KKR will have the option to increase its stake to 25% by 2027 at the pre-agreed valuation.
Quick answer
Kohlberg Kravis Roberts is acquiring Optus, announced September 17, 2023. Kohlberg Kravis Roberts is based in New York, New York, United States.
- How much did Kohlberg Kravis Roberts pay for Optus?
- The deal value was not disclosed.
- What does Kohlberg Kravis Roberts do?
- Kohlberg Kravis Roberts (KKR) is a leading global investment firm that manages multiple asset classes, including private equity, energy, infrastructure, real estate, and credit.
- Where are Kohlberg Kravis Roberts and Optus based?
- Kohlberg Kravis Roberts is based in New York, New York, United States. Optus is based in Australia.
- Who are the decision-makers at Kohlberg Kravis Roberts?
- Fundz holds 5 contacts at Kohlberg Kravis Roberts. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Optus?
Optus was acquired by Kohlberg Kravis Roberts, based in New York. The deal was reported on September 17, 2023. Kohlberg Kravis Roberts (KKR) is a leading global investment firm that manages multiple asset classes, including private equity, energy, infrastructure, real estate, and credit. Kohlberg Kravis Roberts is publicly traded (KKR) and operates in Energy.
When did Kohlberg Kravis Roberts acquire Optus?
Kohlberg Kravis Roberts's acquisition of Optus was reported on September 17, 2023. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Optus do?
The Singtel Group, Asia's leading communications group provides a diverse range of services including fixed, mobile, data, internet, TV, infocomms technology (ICT) and digital solutions. It is privately held, operating in Telecommunications, and is based in Australia.
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