Global investment firm KKR has acquired a 9.95 percent stake in India-listed Max Financial Services, the holding company of India-based private life insurance provider Max Life, from a sponsor group for INR9.5 billion (approximately US$139 million). The transaction was structured through KKR’s Asian Fund II. Max Financial Services, which recently demerged from India-based healthcare and insurance conglomerate Max Group, owns an approximate 72 percent stake in Max Life.