Ongoing Transactions

investment opportunities

Mavuca as Advisor

Water and Sanitation

₹ 7.95 bn funding requirement in the form of equity and debt for desalination projects with combined capacity of 270 MLD.

The company is a legacy Indian EPC company which has undertaken the development of such projects in Gujarat.

Project concession is of 25 years with Gujarat Water Infrastructure Limited.

Roads and Highways

Total requirement: INR 4.50 bn of term length ~5 year.

50-year old established Indian EPC company based out of Maharashtra, India delivering on projects in Roads & Highways, Runways & Hangers, Railways & Metros and several other high growth sectors.

Structured finance to provide growth capital to company.

Pharma

₹8.25 – 8.75 bn (~$ 92.90-98.50 mn) total requirement.

Proposed funding structure: Term Loan of ₹4.00 bn (~$ 45 mn), Working Capital Loan of ₹2 bn (~$ 22.50 mn).

Funds intended for acquisition of a pharma company with ~1,000 KL capacity, capex for facility upgradation and working capital to support scaling of operations.

Financial Services

Financial services company with an objective is to be the leading provider of factoring services in India with a key focus on small, medium and large enterprises.

The aim is to enable enterprises to avail optimal solutions for account receivables management which includes finance, collections and credit
protection, especially for exports.

Working capital limit enhancement by $30 mn. Refinancing of existing limits $20 mn.

Electronics

$15mn working capital demand loan.

The company operates out of Hong Kong and serves as the international arm for their overseas operations. They currently distribute their products across 13+ countries.

The Total Addressable Market for their new brand is expected to be around $1.21 tn, of which the company achieved a share of $213 bn (~17.60%).

Renewables

₹10 bn (~$ 0.11 bn), short-term funding requirement to avail a Non- Fund Based / Fund Based facility.

The facility shall be utilized for DSRA, Performance guarantee and Bid Bond guarantee.

The Company incorporated in June 2012, was established to develop and operate solar power projects directly and through its subsidiaries. It holds strategic significance serving as the holding entity for approximately 9.3 GW of renewable assets.

Renewables

₹21.45 bn (~$ 0.24 bn), long-term project financing.

The company is a leading independent power producer with total installed capacity of 3,394+ MW which includes wind energy, solar energy and thermal energy along with transmission assets and smart-metering projects.

The company plans to develop a 550 MW solar park in Rajasthan and they have already signed PPAs. The total project cost is ₹26.81 bn (~$ 0.30 bn).

Logistics

₹ 500 mn (~$ 5.55 mn) compulsorily convertible debentures and ₹ 1 bn (~$ 11.11 mn) private placement of equity shares, to fund margin requirements for financing the acquisition of a new fleet of heavy zero-emission vehicles (ZEVs).

The company operates in the logistics and transportation sector, providing sustainable mobility solutions with a strong focus on reducing carbon emissions through the adoption of ZEVs, addressing both environmental concerns and fuel dependency.

NBFC

Upto ₹ 250 mn (~$ 2.78 mn) term loan for onward lending by the company and for general corporate purposes.

The company is a fast-growing NBFC focused on secured lending through Loan Against Property (LAP) to underserved micro and small business owners.

The company has scaled to an AUM of ₹ 1.07 bn (~$ 11.89 mn) and operates across three states.

Renewables

$50 – $100 mn Term Loan facility

Acquisition finance to takeover a platform managing 5+ GW renewable portfolio (2 GW operational) in the AA category with estimated acquisition cost of over $ 2 bn.

The greenfield renewable energy platform operates across 7 Asian markets – India, Taiwan, Japan, South Korea, the Philippines, Malaysia and Indonesia. Its target is to build a capacity of ~ 5.50 GW with an equity deployment of $ 1.10 bn.

roads and highways

₹ 7.57 bn (~$ 84.11 mn) total requirement. ₹ 4.76 bn (~$ 52.89 mn) senior secured term loan to take over existing sanctioned term loan and ₹ 2.81 bn (~$ 31.22 mn) interim term debt.

The project is 100% owned by a leading Indian EPC & infra firm. It is under-construction with ~ 60% completed.

This is a greenfield project of construction, maintenance and management (DBOT) of a four-lane road, with a length of ~ 25 km on Hybrid Annuity Model (HAM) mode.

Renewables

Upto ₹ 4 bn (~$ 44.44 mn) Working Capital facilities and a Short-Term Loan as a Bridge Finance of upto ₹ 5.00 bn (~$ 55.55 mn) created as an umbrella limit at the flagship Indian entity, which will be directly or indirectly utilized by individual SPVs.

The company brings over 11 years of expertise in solar EPC, O&M and project development, with a renewable energy portfolio totaling 2.50 GW under development, including 650 MW already operational and it is on track to achieve 10 GW of capacity by 2032.

smart metering

₹ 3.90 bn (~$ 43.33 mn) long-term project financing with supporting sub-limits.

The company is an SPV of an established independent power producer with various projects in wind energy, solar energy, transmission and smart-metering.

The project consists of installation of 957,000 smart meters in Madhya Pradesh with a total project cost of ₹ 5.20 bn (~$ 57.78 mn).

Renewables

Upto ₹ 5 bn (~$ 55.55 mn) Working Capital facilities to be utilized for procurement of raw materials and implementation of renewable energy projects.

The platform is backed by a marquee global PE firm.

The Indian portfolio comprises over 3 GW of total projects across solar, wind and BESS. To date, it has received $ 125 mn in equity funding.

Smart Metering

₹ 2.50 bn (~$ 27.78 mn) Capex LC and ₹ 0.75 bn (~$ 8.33 mn) performance BG to procure smart meters, cables and related project equipment.

The company has a dedicated holding platform with multiple SPVs, backed by a sponsor and technology partner, managing integration, financing and long-term operations under the RDSS scheme.

The total project cost is ₹ 34.67 bn (~$ 0.39 bn) to deploy 7.57 mn meters across 22 districts under a 10-year concession.