Baring Asia to invest $50-60M in coastal projects

Funding Rounds

▤ Summary

In one of the largest growth capital deals, Baring Private Equity Asia is close to investing around $50-60 million in Coastal Projects, a Hyderabad based infrastructure company. When contacted, Jimmy Mahtani, who looks after the firm’s India investments of Barings Private Equity Asia, refused to comment. “We are in advanced stages of talks with them,” Bhagat said, adding that this will be the last round of funding for the company ahead of an IPO, which is expected in 10 to 12 months. VCCircle has learned that the existing investors Sequoia Capital and Fidelity Investment Holdings would also be increasing their stake in the company. The content may not be copied, broadcast, downloaded and stored (in any medium), transmitted, adapted or changed in any way whatsoever without the prior written permission of Mosaic Media Ventures Private Limited.

$ Funding

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Amount $50.3M Total raised
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Date December 1, 2009 Announcement date
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Investors Baring Private Equity Asia Lead investors
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Company http://coastalprojects.co/ Funded company

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