KKR & Co. LP's alternative credit business in India and business advisory firm Tranzmute Capital & Management have formed a partnership to offer business management and transformation services to Indian companies.
KKR India Financial Services Pvt. Ltd. and Tranzmute will also offer restructuring and turnaround services to companies under stress.
The tie-up will primarily target middle market companies to help enhance their business strategies, capital structure and organizational and operational capabilities, servicing certain companies under KKR India Financial Services' credit portfolio as well as third-party businesses.
Tranzmute's Narayan Seshadri will serve as managing partner of the partnership.
The partnership is expected to be launched in the third quarter.
