KKR & Co. Inc., a leading global investment firm, has announced its acquisition of Zenith Energy, a prominent independent power producer in Australia. The deal involves KKR purchasing the company from a consortium that includes Pacific Equity Partners, OPSEU Pension Trust, and Foresight Group, while Zenith's founder and management will retain a minority stake. This investment, part of KKR's Asia Pacific Infrastructure Investors II Fund, aims to leverage Zenith's capabilities in providing large-scale, hybrid power projects to support the decarbonisation of Australia's mining sector. With KKR's backing, Zenith is poised for accelerated growth and enhanced capacity to pursue new opportunities in the renewable energy space. The transaction is expected to be finalized in late 2025, pending customary regulatory approvals.
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