KKR - To create leading Oil and Gas services platform
Announced an agreement to pursue acquisitions and investment opportunities by establishing an integrated entity to provide asset management services to the oil and gas industry globally. The platform will be led by Founder and Executive Chairman Deepak Munganahalli, who brings more than 20 years of global oil and gas experience to the company. He will be based in Dubai.
The investment in the platform will be made primarily by the KKR Asian Fund II. Further details of the transaction were not disclosed. The transaction is subject to regulatory approvals and other customary closing conditions.