The Deal German Construction Company Hochtief has entered into an agreement with Indian infrastructure firm, Coastal Projects Limited. IEG - Investment Banking Group acted as exclusive advisor during the buy-side mandate to HOCHTIEF AG. During the transaction provess, IEG was responsible for the coordination and management of the whole acquisition process (incl. other advisors, due diligence providers, etc.), extensive market- and fit analysis for target long list (approx. 100 companies), joint determination of the target short list (approx. 10 companies selected based on an assessment matrix), the preparative analysis, the valuation & due diligence, the binding offer as well as the negotiation until closing.

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The Partners HOCHTIEF is a leading global construction and services group. The Group is present in the transportation, energy and social/urban infrastructure sectors as well as in the contract mining, PPP and services markets. Coastal Projects Limited, a construction company, engages in developing infrastructure projects. It specializes in underground excavations, including power house complexes, HRT, TRT, surge shafts, surge chambers, desilting chambers, and adits.

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The Perspective The agreement to cooperate is meant to turn into a long term relationship between both parties. The goal is to select projects and to jointly bid for them of  at least EUR 50-100m. These are suppose to help Coastal Projects to expand and grow while increasing the presence in India of Hochtief.

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