KKR arranges $600 million financing for Manipal Education and Medical Group

Ranjan Pai, Chairman of MEMG
| Photo Credit:
cueapi

Global investment firm KKR said it has arranged a $600 million financing for the diversified conglomerate Manipal Education and Medical Group (MEMG).

The investment, which marks KKR’s latest and largest credit investment in India, will enable the Manipal Group to accelerate its corporate expansion and growth objectives by providing flexible, structured capital matched to its long-term strategic needs, KKR and MEMG said in a statement.

The financing has been arranged by KKR Capital Markets and anchored by KKR’s private credit and insurance platforms to the Manipal Group (which has businesses across the healthcare, education, and health insurance sectors), it added.

Gaurav Trehan, Co-Head of KKR Asia Pacific and Head of Asia Private Equity, KKR, said, “We are pleased to deepen our relationship with the Manipal Group and Dr Ranjan Pai, who has established one of India’s pre-eminent and homegrown businesses, as they continue to deliver on their long-term vision.

“The Manipal Group has built a strong reputation over the decades as one of India’s healthcare and education leaders, and we look forward to supporting and contributing to their continued success.”

Ranjan Pai, Chairman of MEMG, said, “We are proud to welcome KKR as a strategic partner as we continue to build on Manipal’s legacy in healthcare and education.

“KKR’s longstanding India focus and flexible capital approach, as well as alignment with our long-term vision, present a strong fit for us.”

Published on June 2, 2025