Exhilway private equity group is planning mega expansion in India and Africa. Exhilway will invest US $5 billion in emerging markets in the next five years.
Exhilway, one of the largest private equity group said it was looking at expansion opportunities in India, Africa and Gulf and that it preferred to make acquisitions and partnership with local entities.
This is the part of Exhilway's plan to expand in high growth emerging markets.
The US based private equity group will raise US $150 million via dollar denominated bond issue this year. The bond issue will fetch a fixed coupon rate of 7.75% per annum, interest payable half yearly. The tenure of the bond is kept fixed at seven years. This bond issue will have features of both debt and equity, the investor will continue to enjoy debt income till the tenure is on, afterwards it will be converted into equity. Exhilway will provide complete liquidity on the converted equity, where a investor can sell the stock back to Exhilway whenever he plans to exit, even after the conversion the capital protection will remain valid.
Commenting on the opportunities that emerging markets holds for Exhilway, Director of Investments and Country Head for India, Rahul Kumar said: "We already have a footprint in India and Gulf, Africa is the new zone to explore."
In Africa, Exhilway will initially invest in the agriculture and mining opportunities. Exhilway will float and manage several private equity funds investing into the best arising business opportunities in the emerging markets.
Exhilway which is known for offering complete capital protection on every financial instrument it offers to the investors is looking for some mega investments.
"The kind of investments we are planning to make in India and Africa will keep us in the different league altogether. We are planning to invest US $5 billion in the emerging markets in the next five years." said Joy Ghosh, Director, Exhilway Asia Ventures Inc.