KKR: to support Optio Auto's strategy
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.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
Go to the original article.
Contact us to request a correction