Investment Summary

New Silk Route Invests In Ascend Telecom Infrastructure

On August 27, 2007, growth capital firm New Silk Route invested in communications company Ascend Telecom Infrastructure

Investment Highlights
  • This is New Silk Route’s 1st transaction in the Communications sector.
  • This is New Silk Route’s 3rd transaction in India.

Investment Summary
Date 2007-08-27
Target Ascend Telecom Infrastructure
Sector Communications
Investor(s) New Silk Route
Deal Type Stake Purchase

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, India.

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Investor(S) 1

Investor

New Silk Route

New York, New York, United States

Investor 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 3 of 18
Sector (Communications) 1 of 4
Type (Stake Purchase) 1 of 4
Country (India) 3 of 15
Year (2007) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-27 Aster

Hyderabad, India

Aster is a professionally driven infra engineering company providing a wide range of products & services to address customer requirements, primarily in the power and telecom infrastructure segments. Aster was founded in 1998 and is based in Hyderabad, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-07 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, India.

Buy -
Mergr

Product

Company

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