EY assisted and enabled New Silk Route to unlock value by selling its entire stake in Ascend Telecom Infrastructure to Global Infrastructure Partners.
EY assisted New Silk Route in reaching out to a wide variety of strategic and private equity acquirer resulting in an accurate value discovery of Ascend.
New Silk Route is a growth capital firm focused on India, the sub-continent and other rapidly growing economies of Asia. NSR was founded in 2006 with commitments over a billion dollars from a blue chip roster of Institutional and other investors. It has invested in telecommunications, education, financial services, media & telecommunications, pharmaceuticals, manufacturing, renewable energy and consumer services.
Ascend Telecom Infrastructure was incorporated in 2002 and is an independent owner and provider of passive telecom infrastructure and allied services PAN India.
Global Infrastructure Partners (GIP) is an infrastructure investment fund making equity and selected debt investments. GIP is headquartered in New York City and its equity investments are in infrastructure assets in the energy, telecom, transport and water/waste sectors.