Private Equity Fund Investments
True North-backed RDC Concrete sold to Infra.Market for $100-M
Thane-based Infra.Market, the Tiger Global-backed unicorn marketplace for construction materials, has acquired a 100% stake in Gurgaon-based RDC Concrete from private equity firm True North for INR 730 crore ($100 million). RDC Concrete manufactures and supplies Ready Mix Concrete (RMC). It has 52 plants across India and is expected to clock annual revenue of over 1000 crores in FY22.
From the Venture Intelligence PE-VC Deal Database: Between Sept-05 and Jul-06, RDC Concrete had attracted more than INR 137.5 crore from TrueNorth (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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