NIIF, KKR, Adani bidders for Brookfield’s India road business

Close to a dozen suitors have shown interest in acquiring Peak Infrastructure, the Indian road platform of Brookfield Asset Management, said multiple people aware of the development. About 12 non-disclosure agreements were signed with the interested parties and bids will be in by December-end, said one among the sources.

KPMG is advising Brookfield on the sale process. The deal size may range between $1.2-1.5 billion (Rs 11,000 crore) of enterprise value, said the sources. The names of the potential buyers include KKR, National Investment and Infrastructure Fund (NIIF), Adani NSE 1.47 % Group, Cube Highways, Macquarie, Actis, Canadian funds – CPP Investments and CDPQ, IRB Infrastructure and Edelweiss Infrastructure. French infrastructure major Vinci Concessions, which has been looking for a re-entry in India, may also bid for the assets.