KKR & Co. Inc. (NYSE:KKR) (Kohlberg Kravis Roberts) is understood to have appointed Morgan Stanley as part of its efforts to buy Loscam International Holdings Co., Limited, the $3 billion-plus pallets business up for sale through investment bank UBS. It is understood that management presentations have been held with the prospective suitors.

Others understood to be lining up are Brookfield Corporation (TSX:BN) and EQT AB (publ) (OM:EQT), but the understanding is that KKR is sharply focused on buying the business. As earlier reported, UBS went to about 10 parties to test their interest in Loscam, which fits the description of "core plus" infrastructure, where the assets have steady earnings streams similar to infrastructure style assets. Igneo and private equity firm CVC could also be starters.

Loscam's owners are looking for a price somewhere between 13 and 15 times that number, which puts the sale price at more than $3 billion.