KKR Commits $600 Mn in Debt Funding to Manipal Group for Growth Expansion

Investment to accelerate the long-term strategic goals of India's leading hospital chain.

Global investment firm KKR has announced a $600 million debt investment into the Manipal Group, one of India's most prominent healthcare and education conglomerates. 

According to an official statement released on Monday, the funding was facilitated through KKR Capital Markets and aimed to support the Manipal Group's corporate expansion and long-term strategic growth plans.

The investment comes as part of KKR's Asia Pacific Credit strategy, which focuses on providing structured, flexible capital solutions tailored to meet the evolving needs of high-quality enterprises across the region.

Strategic Partnership with a Homegrown Leader

Commenting on the development, Gaurav Trehan, Co-Head of KKR Asia Pacific and Head of Asia Private Equity, stated, "We are pleased to deepen our relationship with the Manipal Group and Dr. Ranjan Pai, who has built one of India's pre-eminent homegrown businesses, as they continue to pursue their long-term vision."

Dr. Ranjan Pai, Chairman of Manipal Education and Medical Group, welcomed the partnership, saying, "KKR's longstanding India focus and flexible capital approach align well with our strategic goals. Their support presents a strong fit for our next phase of growth."

KKR has been actively expanding its presence in Asia's credit markets. Since 2019, the firm has committed over $8 billion across nearly 60 credit investments, representing a total transaction volume exceeding $21 billion. 

The Asia Pacific Credit platform is known for offering bespoke financing solutions to businesses, leveraging KKR's global private markets expertise and scale as one of the world's largest alternative credit managers.

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Stay tuned for more such updates on Digital Health News