|The International Finance Corporation (IFC) plans to invest $90 million as equity in I Squared Capital's Road Holdco, which will acquire operational road projects in India.|
I Squared Capital will set up Road Holdco as a separate company, based in Singapore.
IFC will also consider refinancing debt of road projects that Road Holdco acquires, it said in a statement. It's total debt investment is expected to be up to $150 million.
ISQ focusses on energy, utilities, and transport in North America, Europe, and select high growth economies. It is currently in advanced stages of evaluating multiple operational toll roads in India.