April 16, 2014 2:45 AM ET

Capital Markets

Company Overview of IDFC Private Equity

Company Overview

IDFC Private Equity is a private equity and venture capital arm of Infrastructure Development Finance Co. Ltd. specializing in growth investments in infrastructure and real estate. The firm prefers to invest in power generation, transmission, and distribution; telecom including mobile and cable; clean technology, energy, oil and gas exploration and production, refining, transmission, and distribution; transportation including ports, airports, roads, shipping, airlines, railways, and logistics; urban infrastructure including SEZs, waste management, water supply, real estate, and hotels; rural agriculture infrastructure including food processing and distribution; and social infrastructure incl...

201, Naman Chambers

C-32, G-Block

Bandra Kurla Complex

Bandra East

Mumbai,  400051

India

Founded in 2002

Phone:

91 22 4222 2000

Fax:

91 22 2652 3803

Key Executives for IDFC Private Equity

Managing Partner and Chief Executive Officer
Age: 78
Managing Partner
Age: 52
Partner and Managing Director
Chief Financial Officer
Managing Director
Age: 60
Compensation as of Fiscal Year 2013.

IDFC Private Equity Key Developments

Jaypee Infratech To Raise Funds

Jaypee Infratech Limited (BSE:533207) aims to raise INR 30 billion for the Yamuna Expressway project. Private equity players in the race are Macquarie Investment Management Limited, IDFC Private Equity and IDBI Bank Limited (BSE:500116). The company will also be initiating talks with other private equity players who will be given part equity in the project.

American Tower Reportedly Mulls To Bid For Viom

American Tower Corporation (NYSE:AMT) is seeking to make a bid to acquire Viom Networks Limited majority-owned by Tata Teleservices Limited, three people familiar with the matter said. American Tower is willing to value Viom at around INR 100 billion to INR 120 billion, excluding debt, one of the people said. Viom’s debt is estimated at INR 72 billion, which is expected to fall to around INR 65 billion by the end of 2014. American Tower may make a bid by March 7, said another person. It was earlier looking to place a bid by February 25, this person said. “There is a chance it will be further delayed, simply because we are still figuring out how exactly to value Viom.” Viom is 54% owned by Tata Teleservices, around 18% by SREI Infrastructure Finance Limited (BSE:523756) and the rest by private-equity firms like GIC Pte. Ltd., IDFC Private Equity, Oman Investment Fund, and SBI Macquarie Infrastructure Management Pvt., Ltd. A Viom spokesman denied any talks with American Tower, but said the company has engaged financial advisers to explore options to raise capital. “Some of the advisers have indicated a valuation range of INR 220 billion to INR 270 billion.

Viom Networks Reportedly Mulls Listing In Foriegn Bourse

Viom Networks Limited, a joint venture of SREI Infrastructure Finance Limited (BSE:523756) and Tata Sons Limited has appointed Credit Suisse and Citigroup to advise it on raising about INR 15 billion of growth capital through listing on a foreign bourse. According to sources, while the firm is most likely to list its shares on the London Stock Exchange (LSE), it is also considering the New York Stock Exchange (NYSE) and the Singapore Stock Exchange. The listing is expected over the next three to six months. It has yet to finalise the amount of equity it will dilute through the initial public offering (IPO). According to market sources, both Tata Tele and Srei Group might look at reducing their holding in Viom. At present, Tata Tele has a 54% stake in the JV, while Srei Group holds 18.5%. The remaining 27.5% is owned by a group of financial investors, including GIC Pte. Ltd., IDFC Private Equity, Oman Investment Fund and SBI Macquarie Infrastructure Management Pvt., Ltd. A spokesperson for Viom Networks said: “Though we don’t comment on speculation, we can confirm that Viom Networks and its shareholders have engaged international financial advisors to explore options for raising growth capital.” Credit Suisse and Citi did not respond to queries from Business Standard.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 2, 2014
Jaiprakash Power Ventures Limited, Two Hydro-electric Plants
Private Placement
November 18, 2013
Green Infra Limited
Merger/Acquisition
November 6, 2013
National Commodity And Derivatives Exchange Limited
 

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