022 24172311
Sections
Search
DealCurry
Equity
Venture Capital
Private Equity
M&A

Mergers & Acquisitions | 6 January 2012

Hochtief May Acquire Majority Stake In Coastal Projects

by Irfan Khan
Hochtief May Acquire Majority Stake In Coastal Projects
Share on Social Media Email Facebook Twitter Linkedin
 
@irfan
Germany based Hochtief AG may acquire a majority stake in Coastal Projects Ltd providing an exit to Baring PE, Sequoia Capital, Fidelity and Deutsche Bank. The three investors hold around 32% stake in the company.

According to ToI, this transaction may value the AP based construction services firm at around $500Mn and Edelweiss Capital is believed to be advising on the transaction.

Founded in 1995, Hyderabad-based Coastal projects, a civil engineering and construction firm, specialises in tunneling and underground excavation for hydro-electric, irrigation, rail, road and mining projects.

It has offices in Hyderabad, Delhi, Bangalore, Chennai and Colombo and work sites are located across the country.

It has completed 75 km of tunnelling work and at present has 250 km under execution. It is executing Border Fencing Work on both eastern and western borders of India.

Heckyl Raises $1Mn From Seedfund

Heckyl Raises $1Mn From Seedfund

According to a report on Yourstory.in, Mumbai based financial information provider - Heckyl has raised $1Mn from Seedfund.

Read More...

Accel Partners: India Investments From Apr'14 Till Date

Accel Partners: India Investments From Apr'14 Till Date

Making its mark in India by its first investment in Dovetail way back in 1994, it has been one of the mostactive VCs in the past 7 years after merging with Mitra's earlier fund Erasmic Venture in 2008. The firm went on to raise about $60 Million that year.

Read More...
Subscribe
Enter your Email address
to receive all the news