Epic Concesiones Pvt Ltd, a portfolio company of Infrastructure Yield Plus Strategy which is managed by Edelweiss Alternative Asset Advisors Ltd., has acquired a 100% equity stake in L&T Infrastructure Development Projects Limited (L&T IDPL) for an enterprise value of about Rs 6,000 crore.
The proposed acquisition will be for an enterprise value of approximately Rs 6,000 crore, along with its operating team that has a proven track record in operational excellence.
The portfolio comprises eight roads and one power transmission asset in India, spanning 4,900 lane-km and 960 km, respectively. The transaction is subject to customary closing conditions including applicable regulatory and other approvals.
Following this acquisition, the infrastructure platform will scale up to 26 assets with cumulative annual revenue of nearly Rs 2,700 crore. The platform will be a diverse mix of power transmission and substations, renewables, and highway assets spread geographically. This acquisition is in line with the infrastructure yield strategy to generate regular distributions for investors by acquiring quality operating infrastructure assets with strong cash flows and unlocking value through active asset management.
Edelweiss Infrastructure Yield Strategy has Rs 9,500 crore of infrastructure assets under its domain with a focus on investing in infrastructure sectors such as power transmission, renewable power, and highways among others.
