Business Chief APAC+ANZ Magazine December 2020 | Page 87

DATE OF MERGER 06 / 28 / 2020

VALUE USD $ 192mn

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KKR & First Gen

With a track record of investing in Southeast Asia , KKR acquired First Gen – an independent power producer – for US $ 192mn in June 2020 . The acquisition forms a key part of KKR ’ s Asia infrastructure strategy . “ We are thrilled to make this infrastructure investment in the Philippines in First Gen . We have long viewed First Gen as an exceptional business with a high-caliber leadership team , and we have great respect for the Lopez family for building this strong , wellestablished company ,” commented David Luboff , Partner and Head of Asia Pacific Infrastructure at KKR . businesschief . asia