Private Equity

PE Fund Investments

Actis to acquire Patel Infra's 4 HAM assets for Rs.1,500-Cr

Press Release   Economic Times  

UK based infrastructure investor Actis will acquire a portfolio of operational and under-construction Hybrid Annuity Model (HAM) road assets from Patel Infrastructure Ltd (PIL).The deal, with an enterprise value of approximately INR 1,500 crore (USD 180 million), includes two operational assets and two under-construction projects.Ernst & Young acted as the exclusive financial advisor to Actis on the transaction and Standard Chartered Bank acted as the exclusive financial advisor to PIL.