New Delhi, June 12 -- Canadian alternative investment firm Brookfield is in advanced talks with Indian investors to close a private placement round for one of its local infrastructure investment trusts, Altius Telecom Infrastructure Trust, while Swedish buyout firm EQT has entered talks to invest in an animal health company, according to separate media reports.
Altius Telecom
New York-listed Brookfield Asset Management is in talks with domestic institutional investors to close a $300-million sell-down in Altius Telecom Infrastructure Trust, according to a Mint report.
The report, citing people familiar with the matter, expects the deal to close later this month or early next month. The private placement will value the trust at around $5 billion, the report added.
Brookfield is scouting for domestic financial institutions that have already invested in Indian InvITs, to collect capital ahead of a proposed IPO, according to the Mint report.
EQT-Natural Remedies
Private equity firm EQT is in talks to pick up a minority stake in herbal animal healthcare company Natural Remedies, according to a report in DealStreetAsia.
Natural Remedies is one of India's oldest promoter-owned herbal healthcare companies. Founded in 1951, the company has remained institutionally unbacked for more than seven decades.
For EQT, the opportunity could complement its investment in the UK-based animal health company Dechra Pharmaceuticals Manufacturing, according to the report, noting that the buyout firm took it private in 2023. Dechra has a significant global presence in animal health but limited exposure to India.
EQT sees strategic value in the animal health platform Natural Remedies has built over decades, the report said, adding that a merger with Dechra is among the possibilities being evaluated. The report added that no final decision has been taken.
Published by HT Digital Content Services with permission from VC Circle.