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KKR said to explore US$2 bil sale of Singapore's Goodpack

Bloomberg
Bloomberg • 2 min read
KKR said to explore US$2 bil sale of Singapore's Goodpack
(June 3): KKR & Co. is exploring a potential sale for Goodpack, a Singaporean provider of intermediate bulk containers, according to people familiar with the matter.
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(June 3): KKR & Co. is exploring a potential sale for Goodpack, a Singaporean provider of intermediate bulk containers, according to people familiar with the matter.

The New York-based private equity firm is working with a financial adviser on identifying potential buyers for the business, which is worth at least US$2 billion ($2.7 billion), the people said. KKR may start a formal sale process as soon as year-end, the people said, asking not to be identified because the matter is private.

KKR acquired Goodpack five years ago for about $1.4 billion and delisted the company. Goodpack, headquartered in Singapore, counts regional offices in 22 countries and operational depots in 31 countries across six continents, according to a February press release.

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