KKR Acquires Seven Highways Assets From Global Infrastructure Partners
07.06.21
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Simpson Thacher is representing KKR in connection with its entry into definitive agreements to acquire Global Infrastructure Partners’ entire interest in Highway Concessions One (“HC1”) and seven highway assets with a total length of 487 kilometers. KKR made its investment from the KKR Asia Pacific Infrastructure Fund. The investment represents KKR’s third investment in India from the KKR Asia Pacific Infrastructure Fund and its first investment in Asia’s transport sector.
HC1 is a roads platform that manages and operates seven road assets in India. It currently operates a portfolio of national and state highway assets with a total length of 487 kilometers across seven states including Gujarat, Karnataka, Madhya Pradesh, Meghalaya, Rajasthan, Tamil Nadu and Telangana.
The Simpson Thacher team includes Ian Ho (M&A); and Meredith Jones and Beatriz Capeloa Gil (Tax).