Resolüt Partners advises GIC Singapore on sale of units IRB InvIT to Cintra

The cumulative deal value is approximately $800 million.

GIC Singapore has made a secondary sale of 24% of the units of the IRB Infrastructure Trust (IRB InvIT) to Cintra, a subsidiary of Ferrovial.

Cintra is also purchasing a 24% stake in MMK Toll Road Private Limited which is the Investment Manager of the IRB InvIT. The cumulative deal value is approximately $800 million, including investments into outstanding equity commitments for under-construction projects or under financial closure.

Resolüt Partners advised the affiliates of GIC Singapore on this transaction.

The transaction team consisted of Ruchir Sinha (Managing Partner), Shreyas Bhushan (Partner), Devarshi Paul (Associate) and Shivam Yadav (Associate).

Ruchir Sinha, Shreyas Bhushan
Ruchir Sinha, Shreyas Bhushan

GIC is a leading global investment firm established in 1981 to secure Singapore’s financial future.

IRB Infrastructure Trust is an Infrastructure Investment Trust registered with SEBI and listed on NSE.

Ferrovial is a leading global infrastructure operator, committed to developing sustainable solutions. Cintra is a subsidiary of Ferrovial and one of the leading companies in the private development of toll roads throughout the world, by number of projects and by volume of investment.

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