A leading global investment firm KKR (NYSE:KKR), announced today that it has bought from South Korean energy company SK E&S 2.4 trillion won (approximately $2 billion) worth of SK E&S’ newly issued redeemable convertible preferred shares.Established in 1999, SK E&S was launched as a holding company of its city gas business and has since expanded its scope of business to include electricity, community energy, renewable – and overseas energy.KKR said in a statement on Friday that SK E&S, a unit of South Korean conglomerate SK Group, will use the funding to accelerate growth and help it become a global clean-energy company. The company has identified energy transition and digital transformation as key drivers of Korean infrastructure opportunities.Keith Kim, a team member of KKR’s Infrastructure said:“KKR is excited by this unique opportunity to join SK E&S in its journey to accelerate its growth and transformation into a global clean energy solution provider. Sustainability continues to be at the top of its minds at KKR when reviewing and executing investments, which is why KKR is excited to invest together with leading businesses such as SK E&S that seek to provide sustainable energy solutions.”ABOUT THE INVESTMENT The investment was made via KKR’s Asia Pacific Infrastructure Fund.KKR purchased a combined $370 million worth of shares last year in TSK Corp., a leading South Korean sewage and wastewater treatment firm, from two SK Group units and a Korean synthetic fabrics maker. The fund will allow KKR to receive cash or in-kind redemption as an option for repayment in the future and with the possibility of converting the preferred shares into common shares of SK E&S.KKR manages multiple alternative asset classes that aim to generate attractive investment returns. Following a patient and disciplined approach and employing high-quality people gives them the ability to align their interests with investment partners.Find out more about Investing HERE.Resources: https://www.kedglobal.com/newsView/ked202111050006 https://www.reuters.com/world/asia-pacific/kkr-invests-2-bln-south-korean-energy-firm-sk-es-2021-11-05/