Canada Pension Plan Investment Board/Shapoorji Pallonji acquisition of Chennai IT park

Overview:

• Canada Pension Plan Investment Board/Shapoorji Pallonji has acquired an IT park in Chennai for $220 million.
• Carwel Estates sold its entire shareholding in Faery Estates, an SPV incorporated in India for the development of the SP Infocity IT Park in Chennai.
• New Vernon Private Equity, a private equity fund incorporated in Mauritius had invested, along with Carton Infrastructure, in Carwel Estates, a company also incorporated in Mauritius.
• Simultaneously, Hilson Estates, a company incorporated in Mauritius, sold its stake of Faery Estates to SPREP.

Katrin Kostadinova - Data analyst