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KKR in Talks to Buy Singapore Abalone Farmer

Private equity shop Kohlberg Kravis Roberts & Co. is in talks to buy Singapore-listed abalone farmer Oceanus Group Ltd. in a deal that could reach $500 million, Reuters reported. According to Reuters, KKR has lined up as much as $400 million in financing from a group of banks.

(Reuters) – Kohlberg Kravis Roberts & Co is in talks to buy Singapore-listed abalone farmer Oceanus Group Ltd in a deal that may be worth around $500 million, three sources with direct knowledge of the matter told Reuters.

Private equity firm KKR has lined up financing of $300-400 million from a group of banks, according to one of the sources.

KKR and Oceanus declined to comment. (Reporting by Charmian Kok and Stephen Aldred; Editing by Denny Thomas and Muralikumar Anantharaman)