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KKR Exits First Gen Stake in $410M Deal

14 Sep

Summary

KKR divested its complete stake in First Gen.
The transaction was valued at approximately 25.77 billion pesos.
This sale occurred weeks after First Gen's parent rejected KKR's expansion.

U.S. private equity giant KKR recently completed the sale of its entire stake in the Philippine power producer First Gen. The transaction, valued at approximately 25.77 billion Philippine pesos (equivalent to $410.48 million), marks a full exit for KKR from its investment.

This significant divestment follows a period of contention, as it was revealed that the parent company of First Gen had rejected KKR's earlier proposal to expand its existing holding. The filing detailing the sale was made public on Monday, September 14, 2026.

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