HONG KONG May 19 KKR & Co is nearing a
deal to buy Singapore-listed Goodpack Ltd, the world's
largest maker of intermediate bulk containers which has a market
value of S$1.36 billion ($1.1 billion), people familiar with the
The U.S. private equity firm is working with at least two
investment banks on a debt package to buy Goodpack, the people
added. KKR has been in discussions to buy Goodpack for nearly a
year, but talks are now at an advanced stage, they added.
Goodpack said in March it had been in discussions with
unnamed parties which might lead to a buyout of the company, and
hired Rippledot Capital to advise on the process.
KKR declined to comment. Goodpack was not available for
immediate comment. Sources did not want to be identified as the
discussions are confidential.
($1 = 1.2507 Singapore Dollars)
(Reporting by Stephen Aldred; Additional reporting by Saeed
Azhar; Editing by Denny Thomas and Muralikumar Anantharaman)