- KKR plans Goodpack sale
- Singapore logistics firm valued at $1.8 billion
- Previous sale attempt stalled during pandemic
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Big money moves in Southeast Asia
Private equity giant KKR & Co is gearing up to sell Singapore-based logistics provider Goodpack. The deal could value the company at a whopping US$1.8 billion.
KKR has tapped Deutsche Bank and Rippledot to advise on the sale, expected to kick off in the coming weeks.
From pandemic pause to potential payday
This isn’t KKR’s first rodeo attempting to sell Goodpack. A previous effort stalled due to pandemic-related disruptions. KKR initially acquired the firm in 2014 for around US$985 million, potentially setting the stage for a significant return on investment.
Hush-hush happenings
Both KKR and Deutsche Bank are keeping mum about the potential sale.
The logistics sector has seen increased interest from investors in recent years, making this deal one to watch in the Southeast Asian market.
