M&A Deal Summary

Cube Highways and Infrastructure Acquires Andhra Pradesh Expressways

On March 14, 2017, Cube Highways and Infrastructure acquired infrastructure company Andhra Pradesh Expressways from IL&FS Transport Networks

Acquisition Highlights
  • This is Cube Highways and Infrastructure’s 3rd transaction in the Infrastructure sector.
  • This is Cube Highways and Infrastructure’s 3rd transaction in India.

M&A Deal Summary

Date 2017-03-14
Target Andhra Pradesh Expressways
Sector Infrastructure
Buyer(s) Cube Highways and Infrastructure
Sellers(s) IL&FS Transport Networks
Deal Type Divestiture

Target

Andhra Pradesh Expressways

Stantanpuram, India
Andhra Pradesh Expressways Ltd. is a developer of infrastructure projects in India.

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Buyer(S) 1

Buyer

Cube Highways and Infrastructure

Singapore, Singapore

Category Company
Sector Infrastructure
DESCRIPTION

Cube Highways and Infrastructure invests in road and highway projects along with select other infrastructure sectors. Cube Highways and Infrastructure is based in Singapore.


DEAL STATS #
Overall 3 of 7
Sector: Infrastructure M&A 3 of 7
Type: Divestiture M&A Deals 2 of 5
Country: India M&A 3 of 7
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-24 Jaipur-Mahua Tollway

India

Jaipur-Mahua Tollway is an operator and constructor of tollway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-18 DA Toll Road Pvt.

India

DA Toll Road Pvt. Ltd. is a toll road in the state of Haryana/Uttar Pradesh, India. DATRPL operates the 180-kilometer, six-lane toll road connecting the national capital, Delhi, with Agra on National Highway (NH) 2. The road is a 26-year concession, granted in 2010, for strengthening and widening the four-lane highway to a six-lane configuration and began collecting tolls in October 2012.

Buy -

Seller(S) 1

SELLER

IL&FS Transport Networks

Mumbai, India

Category Company
Founded 2000
Sector Transportation
DESCRIPTION

IL&FS Transport Networks Ltd. is a provider of transportation services in India.


DEAL STATS #
Overall 1 of 1
Sector: Infrastructure M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2017 M&A 1 of 1