M&A Deal Summary

Global Infrastructure Partners Acquires Ascend Telecom Infrastructure

On April 9, 2022, infrastructure investor Global Infrastructure Partners acquired communications company Ascend Telecom Infrastructure from New Silk Route

Acquisition Highlights
  • This is Global Infrastructure Partners’ 1st transaction in the Communications sector.
  • This is Global Infrastructure Partners’ 1st transaction in India.

M&A Deal Summary

Date 2022-04-09
Target Ascend Telecom Infrastructure
Sector Communications
Buyer(s) Global Infrastructure Partners
Sellers(s) New Silk Route
Deal Type Secondary Buyout

Target

Ascend Telecom Infrastructure

Bangalore, India
Ascend Telecom Infrastructure is a independent owner and provider of world class passive telecom infrastructure on a shared, multi tenancy basis for the mobile services and wireless sector in India. Ascend is a Category I Infrastructure Provider (IP-I) registered with the Department of Telecommunications, Government of India. Ascend Telecom Infrastructure was founded in 2002 and is based in Bangalore, Karnataka.

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Buyer(S) 1

Buyer

Global Infrastructure Partners

Investor Investor Investor Investor Investor


Category Infrastructure
Founded 2007
PE ASSETS 170.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Global Infrastructure Partners (GIP) is a global investment firm that invests in infrastructure assets worldwide. GIP looks to work in partnership with the public sector and other stakeholders to improve infrastructure for the community by drawing on its global capability and applying industrial best practices to enhance operating efficiencies. The Firm focuses on larger scale investments in assets that provide essential services, have high barriers to entry and offer significant governance positions. GIP primarily targets opportunities in OECD countries, while maintaining a global perspective and the flexibility to pursue assets with the potential for attractive risk-adjusted returns in selected non-OECD countries. Global Infrastructure Partners was established in 2007 and is headquartered in New York, New York.


DEAL STATS #
Overall 17 of 23
Sector: Communications M&A 1 of 2
Type: Secondary Buyout M&A Deals 3 of 4
Country: India M&A 1 of 1
Year: 2022 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-01 New Suez

Paris, France

New Suez includes Suez's Water and Recycling & Recovery activities in France, international assets in Italy, Central Europe, Africa including Morocco, Central Asia, India, China and Australia, as well as global digital and environmental activities,

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-29 VTG

Hamburg, Germany

VTG is a full-range service, providing tank cars, intermodal wagons, standard freight wagons and sliding wall wagons. In addition to the hiring of wagons, the Group offers comprehensive multi-modal logistics services, mainly around rail transport, and global tank container transports. VTG was founded in 1951 and is based in Hamburg, Germany.

Buy -

Seller(S) 1

SELLER

New Silk Route

New York, New York, United States

Investor Investor


Category Growth Capital Firm
Founded 2006
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

New Silk Route Partners LLC (NSR Partners) is a private equity firm focused on investing in rapidly growing companies in Asia and the Middle East. NSR seeks to fund companies in need of financing to accelerate growth, established businesses looking to enter new verticals, diversified companies trying to unlock value in subsidiaries, and buyouts with growth potential. Sectors of interest include consumer services, infrastructure, communications, IT, manufacturing, engineering, and financial services. New Silk Route was formed in 2006 and has offices in New York City, Mumbai, Bangalore, and Dubai.


DEAL STATS #
Overall 9 of 9
Sector: Communications M&A 2 of 2
Type: Secondary Buyout M&A Deals 2 of 2
Country: India M&A 8 of 8
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-28 Rolex Rings

Rajkot, India

Rolex Rings is an international manufacturer of bearing races (inner and outer rings of a bearing assembly) in India. The Company is a preferred supplier to global bearings companies, including Timken, SKF and FAG. Rolex Rings was founded in 1975 and is based in Rajkot, Gujrat.

Sell -