KKR, a global investment firm, made an investment in a A$400 million (US$275 million) financing solution for Ampol, anchored by KKR’s private credit and insurance platforms. The investment will support Ampol’s refinancing initiatives and other general corporate purposes, in line with its Capital Allocation Framework.
KKR’s Asia Pacific Credit platform seeks to provide, among other private credit strategies, bespoke solutions to high-quality companies, entrepreneurs and sponsors that harness the strength of KKR’s private markets investment capabilities and its expertise as one of the largest alternative credit managers globally.
“We are focused on providing flexible capital to high-quality companies as they pursue their strategic objectives,” Diane Raposio, partner and head of Asia credit and markets at KKR, said. “Ampol is an established, strong investment-grade business with a long operating history and a sophisticated approach to capital management. We are pleased to partner with Ampol on this financing, building on KKR’s track record in the ANZ region and across Asia Pacific.”
Greg Barnes, group chief financial officer of Ampol, added, “The transaction is another example of our proactive approach to funding and capital management. We are delighted with the significant support received from KKR on this occasion, and our collaboration with Temasek-backed Clifford Capital in arranging the transaction with our advisers. We have a meaningful presence in Singapore and value the partnership with KKR and Clifford Capital.”
KKR’s investment was supported by Clifford Capital, a Temasek-backed and Singapore-headquartered global infrastructure credit platform.
“Private investment grade credit continues to present compelling opportunities for institutional investors seeking resilient, long-term returns,” Vidyasagar Pulavarti, chief investment officer, asset management at Clifford Capital, said. “We are delighted to collaborate with KKR, Ampol and Barrenjoey on this transaction, which underscores Clifford Capital Asset Management’s role as a trusted partner in accessing, structuring and delivering high-quality private credit assets, underpinned by rigorous investment discipline and robust Investment Committee oversight through our Private Investment Grade strategy.”
KKR is making this investment from its Asia Pacific Credit strategy and insurance platform.
