I Squared Capital awarded Asia Pacific Transport Investor of the Year
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-kilometres 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.”