Homegrown IDFC Private Equity has been an active investor in the infrastructure sector. One of country's largest risk capital investors, it has recently put in Rs 150 crore to acquire a minority equity stake in Chennai-based GVR Infra Projects Ltd, an EPC company in the road space. Over the last eight years, the PE firm has made 33 investments and some of these include deals in GMR Infrastructure, Gujarat State Petronet, Delhi International Airport, Manipal Global Education, Moser Baer Solar Ltd and Viom Networks.
In an exclusive video interview with VCCircle, S.G. Shyam Sundar, Senior Managing Director at IDFC PE, says that the power sector saw a lot of euphoria and that the investors now prefer to stay on the sidelines and be convinced of the execution capabilities of the companies before committing further exposure. In terms of deal-making, he adds that the role of small and boutique investment banks in tier II and tier III cities is set to grow. The infrastructure-focus PE fund remains bullish on sectors like roads, ports and power.
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