KKR: Record $871M Labrador Island Acquisition Explained

KKR has agreed to acquire a minority stake in the Labrador Island Link (LIL), an HVdc transmission system, from Emera for $871 million.

This significant acquisition marks a major step for KKR, known for its successful investments in infrastructure. Emera, an energy and services company, has partnered with KKR to sell its indirect minority equity interest in LIL. The transaction, valued at $1.19 billion CAD, includes $957 million CAD in cash and $235 million CAD for