Jakarta. KKR, a leading global investment firm, and Chandra Asri Group (or the “Group”), a leading provider of energy, chemical, and infrastructure solutions in Southeast Asia, today announced a $750-million bespoke financing solution arranged by KKR Capital Markets and anchored by KKR’s private credit and insurance platforms to Chandra Asri Group.

The investment will support the Group’s growth strategy and its acquisition of Esso-branded retail fuel station network from ExxonMobil in Singapore.

Established in 1992, Chandra Asri Group is a leading provider of critical energy, chemical, and infrastructure solutions to companies across Southeast Asia. The Group serves diverse industries, including manufacturing, the trading of chemicals, petrochemicals, and synthetic rubber, as well as the management of infrastructure assets.

In 2024, the Group embarked on a strategic transformation to build a connected energy infrastructure ecosystem and provide fundamental support to strategic sectors across the region. The Group’s acquisition of ExxonMobil’s Esso-branded retail fuel station network in Singapore is a key part of this strategy.

KKR’s Asia Pacific Credit platform seeks to provide, among other private credit strategies, bespoke solutions to high-quality companies, entrepreneurs, promoters 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.

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.”

KKR is making its investment from its Asia Pacific Credit strategy and insurance platform. Since 2019, KKR has committed more than $8 billion across around 60 credit investments under its Asia Pacific Credit strategy, accounting for a total transaction volume of more than $21 billion.

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