Global investment firm KKR has announced a US$750-million financing for Chandra Asri Group, a provider of energy, chemical, and infrastructure solutions in Southeast Asia.

The investment, arranged by KKR Capital Markets and anchored by KKR’s private credit and insurance platforms, will support the Jakarta-based group’s growth strategy and its acquisition of Esso-branded retail fuel station network from ExxonMobil in Singapore.

Established in 1992, Chandra Asri serves diverse industries, including manufacturing, the trading of chemicals, petrochemicals, and synthetic rubber, as well as the management of infrastructure assets.

In 2024, the group embarked on a strategic transformation to build a connected energy infrastructure ecosystem and provide fundamental support to strategic sectors across the region. Its acquisition of ExxonMobil’s Esso-branded retail fuel station network in Singapore is a key part of this strategy.

“Our collaboration with a leading global investment firm reinforces strong confidence in Chandra Asri’s transformation journey and the quality of our expanding downstream energy platform,” says Andre Khor, the group’s chief financial officer. “This strategic partnership enables us to pursue our growth objectives with prudent financial discipline, while continuing to deliver reliable and sustainable energy solutions across the region.”

SJ Lim, managing director and head of Asia private credit at KKR, adds: “This transaction aligns with our focus on providing tailored capital solutions to leading companies across Asia-Pacific, and we look forward to supporting Chandra Asri’s continued growth as it strengthens its downstream energy and retail presence in Singapore.”

KKR is making its investment from its Asia-Pacific credit strategy and insurance platform. Since 2019, KKR has committed more than US$8 billion across around 60 credit investments under its Asia-Pacific credit strategy, accounting for a total transaction volume of more than US$21 billion.