Toh KKR, jo lagbhag 8 saal se Re Sustainability mein paisa lagaye baithe hain, ab apna investment bechna chahte hain. Target hai $2 billion (yani ₹16,000 crore se zyada!) ka valuation. Ye deal isliye bhi khaas hai kyunki company ne haal hi mein apne business ko restructure kiya hai. Municipal solid waste wala hissa toh founder ko wapas mil gaya hai, ab bacha hai industrial aur biomedical waste management, recycling aur environmental consulting wala core business.
Is bache hue business mein entry barriers kaafi high hain kyunki government regulations bahut sakht hain. Aur haan, iska EBITDA bhi tagda hai. India Ratings & Research ke according, FY25 mein isne ₹7.9 billion ka EBITDA generate kiya hai aur FY27 tak yeh pehle wale profit levels par aa jayega. India ka waste management market bhi zameen-aasmaan se baatein kar raha hai, jo 2025 mein $13.56 billion ka hai aur 2032 tak $18.95 billion tak pahunch sakta hai, 4.83% CAGR se grow kar raha hai. Urbanization aur strict environmental rules isko aur boost de rahe hain.
Is deal mein bade-bade global players interest dikha rahe hain jaise TPG, CPPIB, Veolia, I Squared Capital, Blackstone, Macquarie Group, Bain Capital, Carlyle aur CVC Capital. Aapas mein milkar consortiums bhi bana rahe hain ye log bidding ke liye, taaki deal badi ho sake. Jaise TPG ne haal hi mein Aseem Infrastructure Finance ko ₹4,000 crore mein kharida hai, jo dikhata hai ki green assets ki demand kitni hai.
Par haan, kuch challenges bhi hain. KKR ne 2021, 2022 aur early 2024 mein bhi exit karne ki koshish ki thi, par shayad target price match nahi ho paaya. Deal ka separation bhi thoda risky ho sakta hai. Phir bhi, Indian waste management sector ka future bright lag raha hai.
