M&A Deal Summary

Cube Highways and Infrastructure Acquires Ghaziabad Aligarh Expressway Pvt.

On May 7, 2019, Cube Highways and Infrastructure acquired infrastructure company Ghaziabad Aligarh Expressway Pvt. from PNC Infratech

Acquisition Highlights
  • This is Cube Highways and Infrastructure’s 5th transaction in the Infrastructure sector.
  • This is Cube Highways and Infrastructure’s 5th transaction in India.

M&A Deal Summary

Date 2019-05-07
Target Ghaziabad Aligarh Expressway Pvt.
Sector Infrastructure
Buyer(s) Cube Highways and Infrastructure
Sellers(s) PNC Infratech
Deal Type Divestiture

Target

Ghaziabad Aligarh Expressway Pvt.

Delhi, India
Ghaziabad Aligarh Expressway Pvt. Ltd. is a provider of road construction services. Ghaziabad Aligarh Expressway is based in Delhi, 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 5 of 7
Sector: Infrastructure M&A 5 of 7
Type: Divestiture M&A Deals 4 of 5
Country: India M&A 5 of 7
Year: 2019 M&A 2 of 2
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-09 KNR Walayar Tollways Pvt.

Kerala, India

KNR Walayar Tollways Pvt. Ltd. is an operator of a four-lane 53.5-kilometer toll road connecting Walayar with Vadakkancherry on National Highway (NH) 47.

Buy -

Seller(S) 1

SELLER

PNC Infratech

Agra, India

Category Company
Founded 1999
Sector Infrastructure
DESCRIPTION

PNC Infratech Ltd. is an end-to-end infrastructure implementation solutions that include engineering, procurement, and construction ("EPC") services on a fixed-sum turnkey basis as well as on an item rate basis. PNC Infratech was founded in 1999 and is based in Agra, 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: 2019 M&A 1 of 1