Actis adds toll road projects in India to Long Life Instructure Fund

• Recent acquisitions by the fund include Ulug Energy in Turkey and a 50 percent stake in Dubai headquartered Emirates District Cooling Company (EMICOOL)
• This is the first road investment in India from the fund
• ‘We look forward to pursuing similar long life infrastructure projects in the future, including WEL’s balance under construction road portfolio’ Sumit Sen, Partner at Actis

Actis, a global investor in sustainable infrastructure has committed to the purchase of six operating highway toll road projects in India from Welspun Enterprises Limited, part of the Welspun Group. Actis will pay $775 million for the portfolio.

Actis is headquartered in London and has an AUM of $16.3 billion. It has a portfolio of approximately 100 companies with investments spanning over 50 countries. It invests primarily in energy infrastructure, long life infrastructure, digital infrastructure and real estate.

The acquisition is the first road investment from Actis’ Long Life Infrastructure Fund (ALLIF). The aim of the fund is to seek out stabilised operating assets across infrastructure sectors that deliver strong cash yield.

Adrian Mucalov, Partner, Head of Long Life Infrastructure at Actis, said of the purchase ‘This is a strong, first of its kind, investment for ALLIF, which fully aligns with the fund’s core objective – to invest globally in infrastructure assets that provide consistent yield for our investors.’

Sumit Sen, Partner at Actis added, “We are pleased to deepen our commitment to India by supporting the development of some of India’s most exciting infrastructure projects. We look forward to pursuing similar long life infrastructure projects in the future, including WEL’s balance under construction road portfolio.”

WEL, part of the Welspun Group, is an infrastructure development company focused on water, road, and wastewater segments. The company also invests in oil & gas exploration.