Optio Investment Partners, Kennedy Lewis and KKR have announced a multi-year, multi-jurisdictional agreement.

Under the agreement, Kennedy Lewis and KKR will provide funding to support Optio Auto Evolution's strategy of driving next-generation automotive financing.

The agreement began in December 2023 with an initial commitment of up to $750 million to fund Optio Auto Evolution's leasing and subscription strategy for retail and business customers across the UK.

' The growth of Optio's Auto Evolution strategy will enable more consumers to access flexible and competitive car subscription solutions, as well as a diverse product range with an increasing number of electric vehicles ' says KKR.

Vaibhav Piplapure, Managing Director of KKR's Credit team, said: 'This transaction creates a significant opportunity to help Optio evolve its unique proposition, while accelerating the growth of Volvo Cars.

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