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Aspirity Partners to acquire majority stake in IoT infra business Onomondo; KKR and EQT sign deals in Asia

Reported by Pehub
Sep 30, 2026· 2 min read
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Key Takeaways
  • • KKR has signed definitive agreements for its funds to make a majority investment in Cisternina Logistics, a bulk liquid and gas storage and logistics business operating in India, expanding the firm's infrastructure footprint in Asia.
  • • Aspirity Partners is acquiring a majority stake in Onomondo, an IoT infrastructure business, signaling continued institutional appetite for digital infrastructure assets in emerging markets.
  • • The transactions reflect a broader trend of large alternative asset managers deploying capital into hard infrastructure and connectivity businesses across Asia-Pacific, where demand for logistics and digital connectivity remains structurally robust.
Summary
KKR has committed to a majority investment in Cisternina Logistics through its funds, securing definitive agreements to acquire the bulk liquid and gas storage and logistics operator based in India. The transaction represents KKR's continued focus on essential infrastructure assets in high-growth Asian markets, where energy storage and logistics capabilities remain critical bottlenecks for industrial expansion.

Concurrent with KKR's Cisternina Logistics deal, Aspirity Partners has announced plans to acquire a majority stake in Onomondo, an IoT infrastructure business. This transaction underscores the strategic emphasis among institutional investors on digital infrastructure platforms that enable connectivity and data management across emerging economies.

These transactions demonstrate a coordinated capital deployment strategy among leading alternative asset managers targeting complementary infrastructure segments—physical logistics and digital connectivity—in Asia. Both deals reflect the sector's conviction that essential infrastructure assets command structural demand, pricing power, and long-term growth visibility in rapidly industrializing regions. EQT has also signed deals in Asia during the same period, indicating broad-based institutional competition for quality infrastructure assets in the region.

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Sources

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AlphaMaven summarised this story from the reporting below. Each link opens the original article.

Pehub Aspirity Partners to acquire majority stake in IoT infra business Onomondo; KKR and EQT sign deals in Asia