KKR Launches Maritime Industry Lender With $580M

Law360, New York (August 20, 2013, 4:03 PM EDT) -- KKR & Co. LP has formed a maritime and energy services investment company that will be initially capitalized by a $580 million investment from KKR, its affiliates and other private lenders, the private equity titan said Tuesday.

The new investment platform, Maritime Finance Co., will focus on acquiring assets in the offshore oil field services industry as well as traditional shipping sectors. The company will be capitalized with $580 million in equity, with KKR and its subsidiaries providing roughly $260 million.

The KKR investment will come...
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