Deals
Singapore Energy-Saving Firm Wins $33 Million KKR Investment
- Firm buying up to S$45m stake in Barghest Building Performance
- Singapore company plans to use funds for regional growth
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KKR & Co. is buying a stake of as much as S$45 million ($33 million) in Barghest Building Performance, a Singapore provider of energy saving solutions, in the private equity firm’s first impact investment globally.
It’s investing as part of a Series B fundraising for BBP, which helps companies throughout Asia reduce electricity consumption by digitizing air-conditioning systems. The company plans to use the funds to grow its business in the region, invest in new technology and hire more staff, according to BBP Chief Executive Officer Poyan Rajamand.