Private Equity News Asia KKR Acquires Majority Stake in India Pallet Pooling Business LEAP
Global investment firm KKR has acquired a majority stake in LEAP India, a leading pallet pooling platform in India. The deal, which was announced on Wednesday, is worth an undisclosed sum.
LEAP India was founded in 2013 by Sunu Mathew. The company provides pallet pooling solutions to a wide range of customers, including e-commerce, consumer durables, beverages, fast-moving consumer goods (FMCG), and automotive. Pallet pooling is a system where companies share pallets to reduce costs and environmental impact.
KKR’s investment in LEAP India is a sign of the growing importance of the pallet pooling market in India. The market is expected to grow at a compound annual growth rate (CAGR) of 12% over the next five years.
KKR is a global investment firm with over $450 billion in assets under management. The firm has a long history of investing in the infrastructure sector, and this deal is a further sign of its commitment to the sector in India.
The acquisition of LEAP India by KKR is expected to have a number of positive impacts. First, it will help LEAP India to expand its reach and to offer new products and services to its customers. Second, it will provide LEAP India with access to KKR’s global network of resources and expertise. Third, it will help to raise the profile of the pallet pooling market in India.
The acquisition of LEAP India by KKR is a significant event for the pallet pooling market in India. The deal is a sign of the growing importance of the market, and it is expected to have a number of positive impacts.
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