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March 28, 2015 12:19 PM ET

Capital Markets

Company Overview of New Silk Route

Company Overview

New Silk Route is a private equity and venture capital firm specializing in growth capital, middle market, late stage, and buyout investments. It prefers to invest in the consumer services and fast moving consumer goods, specialty retail, education, infrastructure, ports, logistics, telecommunication, media, manufacturing, IT, e-commerce, engineering, medical devices, restaurant chains, food and beverages, value-added manufacturing and engineering, renewable energy including wind and solar energy, and financial services sectors. The firm prefers to invest in Asia with focus on India, Pakistan, Bangladesh, Sri Lanka, South Asia, East Asia, Middle East, and other emerging Asian economies. In i...

New York, NY 

United States

Founded in 2006

Key Executives for New Silk Route

Founding General Partner and Chief Executive Officer
Age: 58
Operating Partner
General Partner
Age: 59
Compensation as of Fiscal Year 2014.

New Silk Route Key Developments

Investors Mulls Reportedly Acquisition Of Kiran Energy From Private Equity Funds

Adani Power Limited (BSE:533096), The Tata Power Company Limited (BSE:500400) and JSW Energy Limited (BSE:533148) are reportedly seeking acquisition of stake in Kiran Energy Solar Power Pvt. Ltd. from Argonaut Ventures LLC, Bessemer Venture Partners and New Silk Route. “Three private equity funds, which own about 80% of Mumbai-based solar power producer Kiran Energy, are seeking to sell their INR 12 billion, or stake at a valuation of $200 million,” two people with direct knowledge of the plan said. Argonaut Ventures, New Silk Route and Bessemer Venture Partners jointly invested about $44.4 million in 2010 in the startup founded by Ardeshir Contractor. "The private equity investors are looking to exit and the promoters will also sell out if they get good strategic value," said one of the people cited above. The investors and promoters have appointed investment bank Citi group Capital Markets to look for potential buyers. "All the global buyout funds and strategic investors have been approached," said the second person cited above. According to sources, local power producers such as Adani Power, Tata Power and JSW Energy have also been tapped. "Tata Power constantly evaluates opportunities across the power value chain," a Tata Power spokesperson told Economic Times. "The company, however, as a policy does not comment on market speculation," Tata Power spokesperson said. Kiran Energy, Argonaut Ventures, Bessemer Venture Partners and New Silk Route did not respond to emailed questions.

PE Investors Reportedly Mulls Sale Of Stake In Reliance Infratel to Promoters Instead of Reliance Communications

PE investors including Quantum Fund N.V., The and New Silk Route are seeking to sell stake in Reliance Infratel Limited to promoters instead of Reliance Communications Infrastructure Limited. Reliance Communications Ltd. (BSE:532712) has decided to merge Reliance Infratel with Reliance Communications Infrastructure Ltd. The PE investors want to sell their less than 4% stake in Reliance Infratel back to the promoter because they oppose its merger with another group company. The other PE investors did not respond to queries. "We have offered to buy out the PE investors in Reliance Infratel at a fair price," a Reliance Communications spokesperson said in an e-mail response to The Economic Times.

NSR Reportedly Puts 9X Media Sale Plan On Back Burner

New Silk Route has put its plan to sell 9X Media Pvt. Ltd. on the back burner. According to sources, NSR and Pradeep Guha, who owns a minority stake in 9X Media, have decided not to continue the sell-off discussions for the time being. It was during end-2013 that NSR had announced its plan to sell off 9X Media.

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