Private equity (PE) players, who burnt their fingers following big-ticket deals in India’s power sector, are now showing interest in less risky road projects. Morgan Stanley Infrastructure Partners, a $4-billion global infrastructure fund, is in early discussions with infrastructure company Lanco Infratech to buy its 401 km of highway projects, in various stages of construction, which are up for sale. A few other infra-focused PE firms are also engaged in due diligence for Lanco’s road assets. The valuation was in […]

Warburg Pincus LLC has agreed to buy a controlling stake in Future Capital Holdings for nearly $100 million, helping the U.S. private equity firm to expand its presence in India’s financial services sector. Future Capital, which provides consumer and mortgage loans, said in a statement Warburg would initially buy a 53.7 percent holding from group company Pantaloon Retail. The deal at 162 rupees per share, or 18 percent premium to Future’s Friday’s closing price, would cost Cloverdell Investment, an affiliate […]