Actis nearing deal for Welspun’s $400 million road assets

Actis nearing deal for Welspun’s $400 million road assets

Bloomberg: Actis is nearing a deal to acquire a portfolio of road assets from India’s Welspun Group for about $400 million, according to people familiar with the matter.

The buyout firm is in advanced talks for the assets and is set to beat out a number of rival bidders, the people said, asking not to be identified as the information is private.

A deal could give the conglomerate’s road portfolio an enterprise value of about $1.2 billion, one of the people said. An agreement could be reached in the coming weeks, the person said.