London-listed private equity group 3i and India Infrastructure Finance Company have established a strategic partnership to complete infrastructure deals in the country.
3i has been building up its activity in the infrastructure area so far this year. It recently raised £700 million (€1 billion, $1.4 billion) for a listed infrastructure vehicle, slightly below its expectations.
Chris Rowlands, 3i’s managing partner in Asia, said: “We are excited by the opportunity to participate in the development of infrastructure projects in India, which are critical for sustaining the country’s growth. We are proud to be associated with IIFCL given their strong infrastructure financing franchise in the country.”
IIFCL was founded in January 2006 as a government-owned company to provide support to Indian infrastructure projects and facilities.
3i’s previous infrastructure deals include the acquisition of Anglian Water, the UK’s fourth largest water supply and waste water company, and the acquisition of a stake in Infrastructure Investors, one of the UK’s biggest funds investing in secondary PFI projects.
If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: