The investment firm didn’t provide a value for the deal, but said in a statement that it followed Zenith’s completion of a A$1.9 billion ($1.2 billion) refinancing that provided the company with more than A$1 billion of capital to support the development of new projects. KKR will make the investment from its Asia Pacific Infrastructure Investors II Fund.
KKR paid A$1.7 billion at 12 times contracted earnings, ...