KKR to Invest $150M in India's JBF Group

JBF Industries Ltd. ("JBF"), a leading manufacturer of polyester value-chain products, has signed a definitive agreement with global investment firm KKR under which KKR will invest US$150 million into JBF Group, an entity that includes JBF's international subsidiaries. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20150731005283/en/ A portion of the proceeds will be used by KKR to acquire a 20% stake in JBF, listed on the BSE Ltd. and National Stock Exchange of India. The remaining proceeds will be invested into zero-coupon convertible preference shares with 14.5% voting rights in JBF Global Pte. Limited, Singapore, an unlisted subsidiary. KKR will primarily make its investment from the KKR Special Situations Fund II.