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KKR Reportedly In Talks To Buy Sustainability Consultancy ERM At $3B Valuation

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KKR Reportedly In Talks To Buy Sustainability Consultancy ERM At $3B Valuation

Private equity giant KKR & Co Inc (NYSE: KKR) is in talks to buy U.K.-based sustainability consulting company ERM Group Inc., Bloomberg reported, citing people familiar with the matter.

  • The deal values ERM at $3 billion, the sources told Bloomberg.
  • ERM is owned by Omers Private Equity and Alberta Investment Management Corp., who bought ERM for in 2015 for $1.7 billion including debt, according to Bloomberg.
  • An announcement could be coming within days.
  • ERM works in a range of industries, including mining, energy and manufacturing.

Photo by Dominik Vanyi on Unsplash.

 

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