US private equity group KKR has inked an agreement with two Greek banks to provide capital and manage non-core and distressed assets.
KKR, which owns tanker company Chembulk and is also a backer of distressed-deal specialist Borealis Maritime, will work with Alpha Bank and Eurobank, Reuters reported.
KKR Credit said it aims to expand the scheme, known as Pillarstone, across Europe.
It is "actively evaluating" moving into more countries.
Pillarstone
