KKR to Take Majority Stake in Cisternina to Build Pan-India Liquid Storage Platform

Business Wire··INUS·Read original
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Summary · why it matters

KKR has signed definitive agreements for funds managed by the firm to make a majority investment in Cisternina Logistics Private Limited, a bulk liquid and gas storage and logistics business in India. The investment will support Cisternina's proposed acquisition of the liquid storage terminal and rail business of Ganesh Benzoplast Limited, which will serve as the platform's anchor asset, as well as expansion through further acquisitions and new storage infrastructure across India. GBL's liquid storage terminal business operates one of India's leading privately owned tank farms, established at the Jawaharlal Nehru Port in the early 1990s, and today has a portfolio of approximately 500,000 KL of operating and under-construction storage capacity across strategic ports like JNPT, Cochin and Goa. Cisternina, established in 2024, is building a network of roughly 1.5 million KL of static tank capacity alongside gas distribution networks, and has signed MoUs with Chennai Port, Goa Port and Cochin Port to develop liquid and gas storage terminals. KKR is making the investment through its Asia Pacific infrastructure strategy, and the transaction remains subject to customary closing conditions and regulatory approvals, with financial terms not disclosed.

Impact on assets 2

Aging Population▲
KKR & Co. Inc.
KKR
▲ PositiveCapitalrelevance

KKR signs definitive agreements to make a majority investment in Cisternina via its Asia Pacific infrastructure strategy.

Critical Materials & Supply Chain▲

Off-coverage companies 3

Cisternina Logistics Private Limitedi
Private▲ PositiveCapitalrelevance

Cisternina receives majority investment from KKR and will acquire GBL's liquid storage terminal and rail business as its anchor asset.

Ganesh Benzoplast Limitedi
Private▲ PositiveCapitalrelevance

Ganesh Benzoplast's liquid storage terminal and rail business is being acquired by Cisternina, backed by KKR.

Groupe Bruxelles Lamberti
Private± Mixedrelevance