KKR Purchase Of UEL Reflective Of Demand For PE Financing

US-based Kohlberg Kravis Roberts (KKR), one of the largest private equity (PE) groups in the world, has invested US$114mn in Singapore-listed Chinese wastewater treatment firm United Envirotech (UEL). CFW believes that this purchase reinforces our view that the current business and economic conditions in the Chinese water sector are favourable for PE financing for water utility projects.

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