+
 KKR to acquire GIP's highway business
ROADS & HIGHWAYS

KKR to acquire GIP's highway business

Global investment company KKR & Co Inc is set to acquire Global Infrastructure Partners' (GIP's) complete portfolio in Highway Concessions One (HC1) and seven highway assets with an entire length of 478 km.

HC1 is a road platform in India that leads the road portfolio of GIP.

These projects spread across seven states, Madhya Pradesh, Meghalaya, Rajasthan, Gujarat, Karnataka, Tamil Nadu, and Telangana.

It is KKR’s first investment in the transport sector in Asia. Through this acquisition, KKR intends to develop and strengthen the National Highway network of India, which serves nearly 40% of total traffic. However, it estimates only 2% of the country's road network.

KKR told the media that it made its investment from the KKR Asia Pacific Infrastructure Fund. It is the third investment of KKR in India from the fund and the first in the transport sector of Asia.

New infrastructure investments in India consists of Virescent Infrastructure, a renewable energy firm, and India Grid Trust (IndiGrid), an infrastructure investment trust. EY and Deloitte served as advisors, while AZB & Partners and Simpson Thacher & Bartlett served as legal advisors to KKR.

Wipro sold its stake worth nearly $76.24 million in hybrid IT services provider Ensono Holdings to KKR.

In March 2018, Wipro acquired a 10.2% stake in an Illinois-headquartered company, an investment of $55 million.

When Wipro sold its hosted data centre business to Ensono for a consideration of $405 million, it signed a long-term cooperation agreement with the company.

As part of the agreement, Wipro gave 900 employees to Ensono and sold eight data centres to the company.

Image Source


Also read: NHAI to increase size of InvIT to Rs 15,000 crore

Also read: Cube Highways to sell road assets through InvIT

Global investment company KKR & Co Inc is set to acquire Global Infrastructure Partners' (GIP's) complete portfolio in Highway Concessions One (HC1) and seven highway assets with an entire length of 478 km. HC1 is a road platform in India that leads the road portfolio of GIP. These projects spread across seven states, Madhya Pradesh, Meghalaya, Rajasthan, Gujarat, Karnataka, Tamil Nadu, and Telangana. It is KKR’s first investment in the transport sector in Asia. Through this acquisition, KKR intends to develop and strengthen the National Highway network of India, which serves nearly 40% of total traffic. However, it estimates only 2% of the country's road network. KKR told the media that it made its investment from the KKR Asia Pacific Infrastructure Fund. It is the third investment of KKR in India from the fund and the first in the transport sector of Asia. New infrastructure investments in India consists of Virescent Infrastructure, a renewable energy firm, and India Grid Trust (IndiGrid), an infrastructure investment trust. EY and Deloitte served as advisors, while AZB & Partners and Simpson Thacher & Bartlett served as legal advisors to KKR. Wipro sold its stake worth nearly $76.24 million in hybrid IT services provider Ensono Holdings to KKR. In March 2018, Wipro acquired a 10.2% stake in an Illinois-headquartered company, an investment of $55 million. When Wipro sold its hosted data centre business to Ensono for a consideration of $405 million, it signed a long-term cooperation agreement with the company. As part of the agreement, Wipro gave 900 employees to Ensono and sold eight data centres to the company. Image Source Also read: NHAI to increase size of InvIT to Rs 15,000 crore Also read: Cube Highways to sell road assets through InvIT

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?