SINGAPORE, March 17 (Bernama-BUSINESS WIRE) -- I Squared Capital has been awarded the 2020 Asia Pacific Transport Investor of the Year Award for its investment in Cube Highways by Private Equity International (PEI) and Infrastructure Investor Magazine. These awards recognize the world’s most successful private markets investors and high-profile transactions and are voted for by investors, industry peers and advisors. I Squared Capital previously won the Asia Pacific Transport Investor of the Year awards in 2015 and 2017.
Cube Highways was established in 2014 to acquire and operate a diversified portfolio of toll roads and related infrastructure assets in India. It is independently managed by an in-house professional team assembled from scratch with approximately 5,960 years of experience across Operations and Maintenance, M&A, Project Finance, Capital Markets, ESG, Finance and Compliance. Building through its disciplined acquisition approach, the platform currently owns and operates, or has signed binding purchase agreements for, nearly 8,400 lane-kilometers of highways across 27 roads, making it one of India’s largest owners and operators of toll roads.
Gautam Bhandari, Managing Partner of I Squared Capital said, “We are proud to be, once again, recognized by our peers as the Asia Pacific Transport Investor of the Year. Cube Highways has been the most active investor in the Indian roads sector in the last 12 months, with 13 new acquisitions under its belt. Cube Highways now has unmatched scale and capability. We continue to build the portfolio through a disciplined selection of assets and world-class operations.”
“Winning this prestigious award for the third time is a well-deserved acknowledgment of I Squared Capital’s operational and financial excellence in a sector that has strong development impact. Through IFC’s partnership with Cube Highways, we aim to support India’s continued investments in transport and logistics infrastructure, enabling inclusive growth and economic development in the wake of a global crisis,” said Alfonso Garcia Mora, IFC Vice President for Asia and Pacific. “We extend heartfelt congratulations to I Squared and wish them every success as they build world-class businesses across the region and in other infrastructure sectors.”
Harutaka Ishikawa, President Director of JHI said, “It gives us great pleasure to see I Squared Capital and Cube Highways be recognized as the Asia Pacific Transport Investor of the Year. Cube Highways is now a highly esteemed road investor and operator not only in India, but also worldwide. We will continue to improve India’s highways infrastructure by supporting the successive growth in passenger and commercial traffic.”
Dr. Harikishan Reddy, CEO of Cube Highways Advisors said, “Cube Highways has developed proprietary in-house expertise to de-risk assets with state-of-the-art technologies and material science to operate and maintain its portfolio of highways, ultimately driving process enhancements and creating permanent cost advantages. We are delighted that our efforts have been repeatedly recognized by PEI and Infrastructure Investor.”
About Cube Highways: Cube Highways, a group of Singapore-based companies, invests in road and highway projects, along with other select infrastructure sectors in India. Cube Highways is an independent, professionally managed platform leveraging the extensive transportation experience of its management and execution advisory teams. Shareholders of Cube Highways are leading international investors consisting of I Squared Capital, a wholly-owned subsidiary of the Abu Dhabi Investment Authority, International Finance Corporation, and a consortium of Japanese investors including Mitsubishi Corporation, Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development, East Nippon Expressway Company Ltd and Japan Expressway Company International Company Ltd. For more information, visit
www.cubehighways.comAbout I Squared Capital: I Squared Capital is an independent global infrastructure investment manager focusing on utilities, digital infrastructure, transport, social infrastructure and energy in the Americas, Europe and Asia. The firm has offices in Miami, Hong Kong, London, New Delhi, New York and Singapore.
About IFC: IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2020, we invested $22 billion in private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For more information, visit
www.ifc.orgAbout JHI: Japan Highways International B.V., a Japanese consortium led by Mitsubishi Corporation, consists of Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development, East Nippon Expressway Company Limited and Japan Expressway International Company Limited.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20210316006079/en/ContactGeorge Currie, Director, Cube Highways, +65 6206-6973,
george.currie@isquaredcapital.com and
investor.relations@cubehighways.comSource: Cube Highways
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