June 17 (Reuters) - Private equity firm KKR said

on Tuesday it had agreed to acquire Australian power producer

Zenith Energy from a consortium comprising Australia-based

Pacific Equity Partners, Canada's OPSEU Pension Trust and

London-listed Foresight Group.

The acquisition marks the latest infrastructure investment

in the Asia-Pacific region by KKR, a firm known for its long

track record in the renewables sector.

Zenith's founder and management will retain a minority stake

following the completion of the deal, KKR said, without

disclosing the deal value.

"The investment by KKR will accelerate our growth and

ability to service large-scale projects with a broad capital

base," Zenith's CEO and Managing Director, Hamish Moffat, said.

"There are significant and immediate opportunities inherent

in the decarbonisation of Australia's mining sector, which

Zenith is uniquely positioned to deliver."

The announcement comes on the heels of Zenith finalising a

refinancing and expansion of its bank debt facilities worth

A$1.9 billion ($1.24 billion), which will support the

development of new projects.

Zenith, which specialises in providing sustainable and

hybrid power solutions, currently has a contracted capacity of

over 710 megawatts across around 15 sites located in Western

Australia and the Northern Territory.

The transaction is expected to close in late 2025, subject

to customary regulatory approvals.

As of March end 2025, KKR had invested $166 billion in

capital and managed a portfolio of more than 225 companies,

according to the firm's website.

KKR and Zenith did not immediately respond to Reuters'

requests for comment on the deal value.

($1 = 1.5344 Australian dollars)