KKR Capital Markets arranged a $750 million financing solution, anchored by KKR’s private credit and insurance platforms, for Chandra Asri Group, a provider of energy, chemical, and infrastructure solutions in Southeast Asia. The investment will support the group’s growth strategy and its acquisition of Esso-branded retail fuel station network from ExxonMobil in Singapore.
Andre Khor, chief financial officer of Chandra Asri Group, said, “We are pleased to strategically partner with KKR in supporting our acquisition of ExxonMobil’s Esso-branded retail network in Singapore. Our collaboration with a leading global investment firm reinforces strong confidence in Chandra Asri’s transformation journey and the quality of our expanding downstream energy platform. This strategic partnership enables us to pursue our growth objectives with prudent financial discipline, while continuing to deliver reliable and sustainable energy solutions across the region.”
SJ Lim, managing director and head of Asia private credit at KKR, added, “We are proud to support Chandra Asri Group on this important milestone. This transaction aligns with our focus on providing tailored capital solutions to leading companies across Asia Pacific, and we look forward to supporting Chandra Asri’s continued growth as it strengthens its downstream energy and retail presence in Singapore.”
