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TOKYO--(BUSINESS WIRE)--
Global investment firm KKR today announced that funds managed by KKR have entered into separate agreements with institutional investors to sell Central Tank Terminal Co., Ltd. (“CTT”) in Japan and Central Terminal Korea Co., Ltd. (“CTK”) in Korea.
CTT operates 12 tank-storage terminals across Japan’s key industrial regions, with more than 450 tanks and 420,000 kiloliters of capacity. In Korea, CTK operates a tank-terminal complex in Ulsan and grain-silo facilities in Ulsan and Pyeongtaek. Together, the businesses provide critical storage, handling and related services to chemical, energy, logistics and agricultural customers.
KKR acquired CTT in 2021 and expanded the platform into Korea through the acquisition of CTK in 2023. During KKR’s ownership, KKR leveraged its global network and capital-markets expertise to support the platform’s long-term growth. The businesses strengthened their management teams and commercial, operational and organizational capabilities; completed targeted bolt-on acquisitions in Japan; expanded and redeveloped terminal capacity across both markets; and invested in leadership, safety and maintenance practices.
Yasuka Miyakawa, President & CEO of CTT, said, “KKR has played a valuable role in CTT’s growth, strengthening our capabilities, expanding our terminal network, and investing in the people and facilities that enable us to better serve our customers. We are grateful for KKR’s support and look forward to building on this momentum in our next chapter.”
Chansoo Kim, CEO of CTK, said, “Under KKR’s ownership, CTK has advanced its growth plans, strengthened our commercial and operational capabilities, and continued investing in safe, reliable infrastructure for our customers. We thank KKR for its collaboration and look forward to the business’ continued growth.”
Keith Kim, Partner at KKR, said, “We saw an opportunity to build on CTT’s leading national network and CTK’s strategic Ulsan position to scale critical chemical-storage and logistics infrastructure in high-barrier, demand-resilient markets. Working closely with CTT and CTK, we strengthened their capabilities, expanded capacity and enhanced operational excellence. Both businesses are well positioned to continue their growth journeys.”
KKR is one of the most active infrastructure investors globally, with approximately US$119 billion in infrastructure assets under management. Across Japan and Korea, KKR invests in private equity, infrastructure, real estate and credit, working with companies and management teams to support long-term growth and transformation. KKR has been investing in Japan for two decades and manages more than US$20 billion in assets under management in the country. KKR has been present in Korea since 2009, investing more than US$9 billion across its strategies.
Financial terms of the transactions have not been disclosed. Completion of the transactions is subject to customary closing conditions.
About CTT
Founded in 1966 in Kobe, Central Tank Terminal Co., Ltd. ("CTT") has grown into a leading independent chemical storage tank operator, with a network of 12 terminals located across the country's key industrial regions, including Kawasaki, Yokohama, Osaka, Kobe and Hiroshima. The platform operates more than 450 tanks and over 420,000 kiloliters of storage capacity, serving a diversified base of chemical, energy and logistics customers. For more information, please visit www.cttc.co.jp/en.
About CTK
Central Terminal Korea Co., Ltd. ("CTK") is a leading tank-terminal and grain-logistics operator serving Korea's chemical and agricultural supply chains. CTK operates a tank-terminal complex in Ulsan, Korea's principal chemical industrial hub, and through its affiliate Taeyoung Grain Terminal Co., Ltd., operates Korea's largest grain terminal in Pyeongtaek.
About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.
Small, targeted purchases of other businesses or assets that fit neatly with a company’s existing operations—think adding a new tool to a toolbox rather than replacing the whole box. Investors watch bolt-on acquisitions because they can boost revenue and cut costs with lower integration risk and expense than major takeovers, making them a cost-effective way to grow earnings, expand market reach, or fill gaps in products or services.
assets under managementfinancial
Assets under management (AUM) is the total value of all the investments that a financial company or fund is responsible for overseeing on behalf of its clients. It’s like a big bucket that shows how much money the firm is managing for people or organizations. A higher AUM often indicates a larger, more trusted company, and it can influence how much money they earn and the services they can offer.
