Global infrastructure asset manager Actis is expanding its footprint in India with the acquisition of a road concession.
The fund manager is investing an undisclosed amount to acquire a portfolio of operational Indian hybrid annuity model (HAM) road assets from Patel Infrastructure. HAM is a public-private partnership structure which has been created to support the development of road infrastructure, a priority for the Indian government.
Actis said it has completed the acquisition of two National Highways Authority of India (NHAI) assets and is in the process of acquiring an additional two assets upon completion.
The latest deal marks Actis’ continued investment in the Indian toll road market, building upon its existing portfolio of operational toll roads in India acquired in 2022.
The acquisitions have been made on behalf of the Actis Long Life Infrastructure Fund, the manager’s first emerging markets-focused infrastructure fund.
Adrian Mucalov, partner and head of the long-life infrastructure business at Actis, said: “The acquisition of these NHAI HAM concessions expands our footprint in India, a market where we see huge potential in both the energy and infrastructure sectors.
“We invest in critical infrastructure in growth markets where governments look to foreign investment to meet that infrastructure demand. Investing in transport systems such as toll roads can lead to more efficient road usage, improved road safety, reduced car idling and pollution, and lead to quicker journeys with lower emissions while increasing connectivity and growth potential.”
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