Asia Buyouts – The Next M&A Growth Region

Larsen & Toubro Ltd., India’s largest engineering company, plans to create a $300 million private equity fund to invest in power, road projects in India, said N. Sivaraman, senior vice president for financial services reported Bloomberg.  Larsen’s plan follows an investment by Morgan Stanley and a group of companies that invested in utility Asian Genco Pte in India’s biggest private equity transaction this year.  Morgan Stanley Infrastructure Partners and a group of global investors will invest $425 million in Asian Genco, which is developing about 4,000 megawatts of hydro, thermal and wind power projects in India.

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