Conservation | November 17, 2020

KKR’s Global Impact Fund invests in CMC Machinery’s sustainable packaging technology

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, November 17 — The private equity giant’s $1.3 billion Global Impact Fund, which closed earlier this year, made an undisclosed investment in CMC Machinery. The Italian family-owned company produces custom-fit boxes for Best Buy, Garmin and other companies, reducing raw materials and void filler.

KKR said the investment contributes to Sustainable Development Goal No. 12, responsible consumption and production (see, “What we know about KKR’s $1 billion Global Impact Fund”). CMC is the fund’s fourth deal in Europe. It expects to make a dozen investments in total.