Acquisition History / Edelweiss Alternatives / L&T Infrastructure Development Projects Ltd
Edelweiss Alternatives Acquires L&T Infrastructure Development Projects Ltd
Announced April 11, 2024 — $678M
What happened
Edelweiss Alternatives completed the purchase of 100% of L&T Infrastructure Development Projects, a joint venture in which L&T held 51% and Canada Pension Plan Investment Board the rest. The platform comprises seven road assets spanning 4,400 lane-km and a 960 circuit-km transmission line. The deal, first agreed in December 2022, took Edelweiss's infrastructure platform to 26 assets.
- Acquirer
- Edelweiss Alternatives
- Target
- L&T Infrastructure Development Projects Ltd
- Announced
- April 11, 2024
- Price
- $678M
- Industry
- Roads and power transmission infrastructure
- Buyer type
- Private equity
- Backing investors
- Larsen & Toubro (seller), Canada Pension Plan Investment Board (seller)
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Edelweiss Alternatives acquire L&T Infrastructure Development Projects Ltd?
Edelweiss Alternatives acquired L&T Infrastructure Development Projects Ltd on April 11, 2024. This was Edelweiss Alternatives's 1st publicly tracked acquisition out of 1 we have on record.
How much did Edelweiss Alternatives pay for L&T Infrastructure Development Projects Ltd?
Edelweiss Alternatives paid $678M for L&T Infrastructure Development Projects Ltd.
What does L&T Infrastructure Development Projects Ltd do?
Edelweiss Alternatives completed the purchase of 100% of L&T Infrastructure Development Projects, a joint venture in which L&T held 51% and Canada Pension Plan Investment Board the rest. The platform comprises seven road assets spanning 4,400 lane-km and a 960 circuit-km transmission line. The deal, first agreed in December 2022, took Edelweiss's infrastructure platform to 26 assets.
What other Roads and power transmission infrastructure companies has Edelweiss Alternatives acquired?
L&T Infrastructure Development Projects Ltd is Edelweiss Alternatives's only publicly tracked acquisition in Roads and power transmission infrastructure so far.