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KKR acquires majority stake in pallet pooling platform LEAP

Global private investment firm KKR is to acquire a majority stake in LEAP India, a provider of a wide range of supply chain solutions, including equipment pooling, returnable packaging, inventory management and movement, transportation, and repair and maintenance.

Global private investment firm KKR is to acquire a majority stake in LEAP India, a provider of a wide range of supply chain solutions, including equipment pooling, returnable packaging, inventory management and movement, transportation, and repair and maintenance.

LEAP India, which services a diversified customer base across e-commerce, consumer durables, beverages, fast-moving consumer goods, and automotive, operates a network of 21 warehouses and more than 3,500 customer locations across India, and manages more than six million total assets including pallets and containers for its customers.

The acquisition, which is being made as part of KKR’s Asia infrastructure strategy, follows investments in Serentica Renewables, a decarbonisation platform that seeks to provide complex clean energy solutions for energy-intensive, hard-to-abate industries; Hero Future Energies, a leading independent power producer and the renewable energy arm of the Hero Group; Highways Infrastructure Trust, a roads infrastructure investment trust (InvIT); Virescent Infrastructure, a renewable energy platform in India; and IndiGrid, a leading infrastructure InvIT. 

Additional details of the transaction, which is expected to be completed by Q3 2023 subject to customary pre-closing and closing conditions, have not been disclosed.

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