The firm’s advisers will meet with potential investors this week to gauge interest in an IPO in Australia, which could raise up to A$500m ($474m), said Bloomberg, citing two people with knowledge of the matter.
KKR will remain a shareholder in the company, which plans to use the IPO proceeds to repay debt, said the people.
The firm acquired Brambles Industrial Services and Cleanaway in June 2006. It later sold Cleanway’s waste disposal unit and rebranded the remaining assets as BIS Industries.
Last year it was reported that KKR was looking to sell the company, which at the time had a price tag of around A$1.8bn.
In October AltAssets reported that KKR had raised $8.3bn for its flagship North American fund, beating its target of between $7bn and $8bn.
The firm said it expected to secure “a handful of final commitments” before the end of the year.
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