CPPIB-Backed MerchCap Commits to KKR's $580M Maritime Finance Co.
Kohlberg Kravis Roberts & Co. (KKR) has formed Maritime Finance Co., a new specialty finance company created to lend to maritime assets in offshore oil field services and traditional shipping sectors. The company will initially be capitalized with US$580 million, over 45% of which has been provided by KKR and MerchCap Solutions, KKR's recently established mid-market focused merchant banking venture with Canada Pension Plan Investment Board and Stone Point Capital. Maritime Finance is intended to fill a funding gap left by European financial institutions.
20 August 2013•4 mins read
