Blackstone invests in Moser Baer Projects

Financial sponsor the Blackstone Group invests $300 million in power producer Moser Baer Projects.
August 18, 2010

Private equity firm the Blackstone Group will invest Rs13.5 billion around $300 million in Indian private sector company Moser Baer Projects.

Moser Baer Projects is a developer of power generation facilities with a pipeline of thermal, solar and hydroelectric power projects. It was founded by Deepak Puri and Ratul Puri, who are also the founders of Moser Baer India.

Delhi-based Moser Baer India was established in 1983 and grew to become the world’s second-largest manufacturer of optical storage media like CDs and DVDs. Moser Baer India has extensive experience in raising private equity. In 2000, Warburg Pincus invested $62 million as the lead investor in a $77 million financing...

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