Kohlberg Kravis Roberts & Co. (KKR) has announced an agreement to acquire South Korean energy company SK E&S's newly issued redeemable convertible preferred shares (RCPS).

The portfolio includes KKR’s second investment in SK E&S through the purchase of newly issued RCPS, following an initial investment in November 2021, which has been used by SK E&S to accelerate its growth and transformation into a global clean energy solutions provider.

With this transaction, KKR’s Infrastructure team targets to extend the collaboration with SK E&S and support its mission-critical diversification into renewable energy solutions both within and outside of Korea.