Private Equity Giant May Cash Out of Pembina Gas Infrastructure

Core Insights - KKR is considering selling its 40% stake in Pembina Gas Infrastructure, valued at approximately $7 billion [1] - Pembina Gas Infrastructure, established in 2022, operates natural gas and natural gas liquids transportation, processing, and storage facilities in western Canada, with a processing capacity of around 5 billion cubic feet per day [2] - KKR has engaged Scotiabank to assess buyer interest, with potential buyers including infrastructure funds and alternative asset managers seeking stable returns [3] - If KKR proceeds with the sale at the proposed valuation, it would realize a significant profit, as the initial valuation at creation was C$11.4 billion ($8.17 billion) [4] - The potential sale aligns with increased deal activity in Canada's energy sector, driven by investor interest in infrastructure to meet rising demand [4]