Caparo Financial Solutions,the financial services arm of UK-based Caparo group,said it has arranged Rs 75 crore through a private equity deal for Bhopal-based infrastructure company Dilip Buildcon.
8220;The investor is Banyan Tree Growth Capital BT,a Mauritius-based fund. BT will be getting a minority stake along with Board representation in DBL,8221; Rajesh Prasad,the Managing Director and Country Head of Caparo group in India,said.
Dilip Buildcon has executed contracts of over Rs 1,000 crore in the past five years,a company statement said.
It is expected to cross Rs 1,000 crore in revenue in the current financial year and has an order book of over Rs 5,000 crore to be executed over the next three years.
Caparo Financial Solutions CFSL is a non-banking financial company NBFC of Lord Swraj Paul promoted Caparo group and is engaged in arrangement of private equity and debt for companies.
DBL is Banyan Trees8217;s seventh investment in India. Banyan Tree Growth Capital is a USD 100 million structured private equity fund that provides capital to middle-market companies with promising growth prospects within the rapidly expanding Indian economy.
Europe-based FMO and DEG are investors in the fund. BT8217;s existing portfolio of investments includes Axiom,Cordages,Trimax IT Infrastructure Systems,GEI Industrial Systems,Deepak Fasteners and Dee Development Engineers.