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Kohlberg Kravis Roberts invests in United Envirotech

03 August 2011

Global investment firm Kohlberg Kravis Roberts & Co LP has entered into a definitive agreement with United Envirotech Ltd for a US$113.8 million convertible bond.

United Envirotech provides engineering services using membrane technology to municipal and industrial waste water treatment projects, and also operates a portfolio of waste water treatment plants across China.
 
Kohlberg Kravis Roberts’s investment will support United Envirotech’s expansion in China’s fast growing water industry.
 
“We are extremely excited to have world-class investor KKR as our long-term value added partner. KKR’s investment will allow us to achieve further growth at a crucial time in the development of the China waste water treatment industry,” said Dr Lin Yucheng, chairman and CEO of United Envirotech. “In addition to bringing in capital to support our growth, KKR’s global network, strong operational capabilities and extensive local knowledge will add significant value to our future development.”

 

This article is featured in:
Water and Wastewater

 

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