Morgan Stanley, Olympus Planning To Buy Axis PE's 35.6% Stake In Vishwa Infra

Morgan Stanley Private Equity and Olympus Capital Holdings are planning to buy Axis PE's 35.6% stake in Vishwa Infrastructures And Services Private Limited, for Rs.350 Cr.

Recently, IFC provided $5 Mn loan to Vishwa Infra, for its public-private partnership (PPP) project in the water and waste-water space.

Transaction Reference: Times Of India

Axis PE had invested Rs.60 Cr in Vishwa Infra in 2008 and currently holds 35.6%, while 11% is held by New Enterprise Associates (NEA), which it bought last year for Rs.100 Cr and balance 53.40% is held by Vishwa Infra's promoters - Yerra Srinivas, M.L Sridhar Reddy, J. Vikram and Mr. K. Vijay Kumar.

Founded in 1999, Hyderabad-based Vishwa Infrastructure is integrated water EPC player and focuses on water and waste water pipeline networks, construction of water and sewage treatment plants, construction of pumping stations, management of NRW Projects and construction of allied infrastructure including reservoirs, civil and electrical works projects.

With a team of about 600 employees, it has laid pipelines with aggregate length of over 1000 kms for various water supply and waste water projects.

Recently, it has been awarded two water/waste water project in Khandwa and Kolhapur on a PPP basis. The total cost of these projects is about $39 Mn out of which about $32 Mn will be funded through Central Government programs and the balance through debt / equity, including $5 Mn loan by IFC.

Axis PE's other investments includes Shalivahana Green Energy Limited, Corrtech International Private Limited, Harish Chandra India Limited, among others.