KKR has provided a $750 million bespoke financing package to Chandra Asri Group to support the company’s expansion strategy and its acquisition of ExxonMobil’s Esso-branded retail fuel station network in Singapore. The investment was arranged by KKR Capital Markets and funded through KKR’s private credit and insurance platforms, marking a significant boost for one of Southeast Asia’s most prominent integrated energy, chemicals, and infrastructure companies.
Founded in 1992, Chandra Asri Group has built a wide portfolio spanning energy, petrochemicals, synthetic rubber, and infrastructure asset management, supplying essential inputs to industries across Southeast Asia. In 2024, the Group launched a strategic transformation plan designed to create an interconnected regional energy infrastructure ecosystem. Its acquisition of the Esso retail fuel station network in Singapore represents a significant step in strengthening its downstream footprint and enhancing regional energy resiliency.
KKR’s participation in this transaction reflects the firm’s growing focus on providing tailored private credit solutions to large companies and entrepreneurs across the Asia Pacific. Its Asia Pacific Credit strategy relies on the firm’s global private markets expertise and scale, positioning it as one of the region’s most active alternative credit providers. Since 2019, KKR has committed over $8 billion across about 60 transactions through its Asia Pacific Credit platform, representing more than $21 billion of total deal volume.
The latest financing package will support the Chandra Asri Group as it expands its downstream energy presence in Singapore, while continuing to implement disciplined long-term growth plans. The partnership brings together two major regional players at a time of rising demand for integrated energy solutions across Southeast Asia.
KEY QUOTES:
“We are pleased to strategically partner with KKR in supporting our acquisition of ExxonMobil’s Esso-branded retail network in Singapore. Our collaboration with a leading global investment firm reinforces strong confidence in Chandra Asri’s transformation journey and the quality of our expanding downstream energy platform. This strategic partnership enables us to pursue our growth objectives with prudent financial discipline, while continuing to deliver reliable and sustainable energy solutions across the region.”
Andre Khor, Chief Financial Officer, Chandra Asri Group
“We are proud to support Chandra Asri Group on this important milestone. This transaction aligns with our focus on providing tailored capital solutions to leading companies across Asia Pacific, and we look forward to supporting Chandra Asri’s continued growth as it strengthens its downstream energy and retail presence in Singapore.”
SJ Lim, Managing Director and Head of Asia Private Credit, KKR
