Private equity investor Actis, Canada Pension Plan Investment Board (CPPIB) and I Squared Capital-backed roads operator Cube Highways are in the last lap of negotiations to buy Peak Infrastructure, a portfolio of operational road assets owned by Canadian investor Brookfield, three people aware of the development said.
The portfolio of five road assets is expected to fetch an enterprise value of $1.2-1.5 billion, they added.
Mint reported on 23 September that Cube Highways, the largest investor in road projects in India, is in talks with pension funds and sovereign wealth funds to raise as much as $1 billion through an infrastructure investment trust (InvIT), with Canada’s British Columbia Investments among those that have shown interest.
Read more/Source: Mint
