Source: The Economic Times

By ANTO T JOSEPH

MUMBAI: Whoever said old’s staid. Private equity funds are increasingly buying into India’s old economy companies, especially in segments like infrastructure, construction and engineering — it’s just ICE of another kind.

Over the past three to four weeks, there have been talks between promoters of such ICE companies and leading PE players like Blackstone, Carlyle, CVC International, Goldman Sachs, 3i, Barings, IL&FS, Trikona Capital and Sabre Abraaj Capital, among others. At least two dozen deals worth around $1 billion are currently being sewed up, according to sources. Many other companies are stepping in, keeping investment bankers busy.

Full story...

Posted by pichu at December 12, 2006 1:18 PM