KKR has acquired a majority fairness curiosity in Avantus by funding funds and accounts managed by KKR.
Coinciding with the shut of the transaction, Avantus secured a $522 million improvement facility organized by KKR Capital Markets and Sumitomo Mitsui Banking. The ability offers Avantus the monetary backing to gasoline the corporate’s vitality storage improvement throughout the western U.S.
“This announcement is a ringing endorsement of our confirmed group at Avantus, offering us the capital to advance our portfolio and develop high-performing, high-value clear vitality tasks,” says Stephanie Perry, Avantus COO.
“We’re excited to work with KKR and our present investor EIG to realize our development plans and construct on our monitor file of delivering record-breaking clear vitality options that can decarbonize our planet at scale.”
