KKR, a global investment powerhouse, has arranged a $600 million credit financing package for the Manipal Education and Medical Group. The financing, organized through KKR Capital Markets, aims to accelerate the group’s expansion by offering structured and flexible capital tailored to its long-term strategic goals.
Support for Manipal’s Vision in Healthcare and Education
Commenting on the development, Gaurav Trehan, Co-Head of KKR Asia Pacific and Head of Asia Private Equity, said, “The Manipal Group has earned a strong reputation as a leader in India’s healthcare and education sectors. We are excited to support their continued success.”
Echoing this sentiment, Ranjan Pai, Chairman of Manipal Education and Medical Group, stated, “KKR’s deep India focus and flexible capital approach align well with our long-term vision. This makes the partnership a natural fit.”
Diverse Portfolio Anchors Manipal Group’s Leadership
The Manipal Group operates across multiple sectors, including healthcare, education, and health insurance. Among its key businesses is Manipal Health Enterprises, recognized as one of India’s leading multispecialty hospital chains.
Investment Drawn from KKR’s Asia Pacific Credit Strategy
As reported by TOI, the funds for this deal will come from KKR’s Asia Pacific Credit strategy and its insurance platform. Since 2019, KKR has committed over $8 billion to nearly 60 credit investments in the region. These investments have contributed to a cumulative transaction volume exceeding $21 billion.
Transaction Terms Kept Confidential
While the investment marks a significant milestone for both parties, additional details of the transaction remain undisclosed.