Private equity firm KKR is exploring the sale of its 40% stake in Pembina Gas Infrastructure, a Canadian midstream operator valued at $7 billion. The company, created in 2022, owns natural gas and natural gas liquids transportation, processing, and storage facilities across western Canada. KKR has hired Scotiabank to gauge interest, with potential suitors being infrastructure funds and alternative asset managers. If KKR exits at the rumored valuation, it would secure a significant profit on its investment. The potential sale comes amidst increased deal activity in Canada’s energy sector as investors seek exposure to critical infrastructure.

Read more at Yahoo Finance: Private Equity Giant May Cash Out of Pembina Gas Infrastructure