Private Equity PE Fund Investments
CDPQ invests $83-M to hike stake in Apraava Energy to 50%
Canadian investor CDPQ is to buy an additional 10% stake in Apraava Energy (formerly CLP India) from Hong Kong-based CLP Group, taking their respective stakes in the company to 50%. CDPQ will invest INR 660 crore (about USD 83 million) for the additional stake in the Mumbai-headquartered Apraava, which produces energy from both conventional and renewable sources.
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From the Venture Intelligence PE-VC Deal Database: In Sept-18, CLP India had attracted over USD 365 M from CDPQ for a 40% stake. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)