December 20, 2014 2:31 PM ET

Capital Markets

Company Overview of New Silk Route

Company Overview

New Silk Route is a private equity and venture capital firm specializing in growth capital, middle market, and buyout investments. It prefers to invest in the consumer services and fast moving consumer goods, specialty retail, education, infrastructure, ports, logistics, telecommunication, media, manufacturing, IT, e-commerce, engineering, medical devices, restaurant chains, food and beverages, value-added manufacturing and engineering, renewable energy including wind and solar energy, and financial services sectors. The firm prefers to invest in Asia with focus on India, Pakistan, Bangladesh, Sri Lanka, South Asia, East Asia, Middle East, and other emerging Asian economies. In infrastructur...

New York, NY 

United States

Founded in 2006

Key Executives for New Silk Route

Founding General Partner and Chief Executive Officer
Age: 58
Operating Partner
General Partner
Age: 59
Compensation as of Fiscal Year 2014.

New Silk Route Key Developments

Carlyle Reportedly Set To Acquire Destimoney From NSR

The Carlyle Group LP (NasdaqGS:CG) has come up as a frontrunner in race to acquire Destimoney Enterprises Private Limited from New Silk Route (NSR). According to the sources, the potential transaction is valued at INR 12 billion. The news report mentioned that formal announcement is due in the coming weeks. An official added, “Carlyle will most certainly buyout NSR from the housing finance JV. Last moment discussions are still on for the residual businesses like broking, distribution and I banking, which are much smaller in scale and size.” The news report mentioned that NSR and Carlyle's spokespersons declined to comment on the matter. Since 2013, NSR has been trying to monetize Destimoney investment and has had discussions with firms like General Atlantic LLC, Actis Capital, LLP, ChrysCapital and GIC Pte. Ltd. However, talks with most fell through.

GIC And Baring Asia Reportedly In Talks To Acquire Stake In PNB Housing Finance

GIC Pte. Ltd. and Baring Private Equity Asia are in separate talks to invest about $175 million to buy 49% stake in PNB Housing Finance Ltd. from New Silk Route, two people with knowledge of the matter said. Baring Private Equity Asia and New Silk Route Growth Capital declined to comment. GIC did not immediately respond to a Reuters query.

Sources Say NSR Puts SCEI On Block

New Silk Route (NSR) is planning to sell stake in Sri Chaitanya Educational Institutions (SCEI). Four people close to the matter stated that the company has put 25% stake in SCEI on the block and has engaged Morgan Stanley in order to look for possible buyers. They added that the possible deal is valued at $300 million which includes NSR’s stake sale as well as fresh issue of shares by the company to expand its network. The news report mentioned that the bankers have started talks with some of firms, including TPG Capital, L.P., Baring Private Equity Asia, General Atlantic LLC, Kohlberg Kravis Roberts & Co. (NYSE:KKR), and Apax Partners LLP. It further added that NSR spokesperson declined to comment while Bopanna Satyanarayana Rao, Founder of Chaitanya Education Group, did not respond to emailed queries.

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No transactions available in the past 12 months.

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