private equity fund

Frontline Strategy's IIG Fund invests USD 7 mn in Krishna Saa Fabs

  • First-generation entrepreneur-driven company makes structural products for high-demand infrastructure sectors such as telecom, national highways, airports, ship-building.
  • "Unique company with customer base across multiple core infrastructure sectors"―Atim Kabra, Managing Partner, Frontline Strategy.

Mumbai, 6 August 2008:Mauritius-based Frontline Strategy Ltd, a Fabiani Family Office-anchored asset management company with prime focus on private equity investments, today announced an investment of USD 7 million in Krishna Saa Fabs Private Limited.

Krishna Saa Fabs fabricates structural engineering products used in the high growth infrastructure support sectors of telecom, national highways, airports, and ship-building. The company's products include telecom and power utility towers; galvanized products for earth reinforcement, which are used in national highways and airport runways; and galvanized products used in ship-building.

An early mover in its business space, Krishna Saa Fabs has won several orders from large EPC contractors for core infrastructure projects, examples being galvanized steel products for National Highways Authority of India projects and earth reinforcement steel for the recently-inaugurated Bangalore International Airport.

Comment by Atim Kabra, Managing Partner, Frontline Strategy Krishna Saa Fabs is a unique company with a diversified customer base across multiple core infrastructure sectors, said Atim Kabra, Managing Partner, Frontline Strategy. "Being an early mover, and having demonstrated the ability to supply large volumes of high quality products, Krishna Saa Fabs will be a key beneficiary of the fast-growing demand for finished steel products in the infrastructure sector. Our investment in Krishna Saa Fabs conforms to Frontline Strategy's focus on companies that are driven by dynamic entrepreneurs and offer significant scale-up opportunities," Mr Kabra said.

Comment by N Doraswamy, Managing Director, Krishna Saa Fabs In Frontline Strategy, we have found a partner that has an excellent strategic understanding of our business space and will support us in organizational scale-up across our focus sectors. Right from the beginning, even before they decided to invest, Frontline Strategy's team has been pro-active and supportive on matters relating to emerging opportunities and growth strategy," said N Doraswamy, Managing Director, Krishna Saa Fabs.

About Frontline Strategy Founded in 2000 and anchored by the Fabiani Family Office, Frontline Strategy Limited (www.frontlinestrategy.com) is an asset management company  with primary focus on private equity investment. Frontline Strategy's investment team includes Atim Kabra, Supratim Basu, Sanjay Bhattacharya, and J Venkatadas, with a collective experience of over 100 years in public and private equity, banking, and company operations.

Prominent investments of Frontline Strategy's first fund vehicle, Strategic Venture Fund (Mauritius) Ltd, include: CBay Systems & Services, Inc, an early-stage Frontline Strategy investment, and the largest provider of outsourced knowledge processing services for the global healthcare industry, after the acquisition of MedQuist, Inc; Astra Microwave Products Ltd, a manufacturer of high-end microwave and RF-based components for defense, space and civil telecom applications; Titagarh Wagons Ltd, India's leading private manufacturer of railway wagons; Alfa Transformers Ltd, a manufacturer of power, distribution and furnace (specialty) transformers; Shilpa Medicare Ltd, among India's leading specialty pharmaceutical manufacturers, primarily focusing on custom synthesis and oncology APIs.

ABOUT KRISHNA SAA FABS Based in Tirupati in India's Andhra Pradesh state, Krishna Saa Fabs Private Limited is engaged in the fabrication and galvanizing of materials used in the erection of towers for power transmission, telecommunication, and windmills; earth reinforcement steel used in roads and bridges; and ship-building. Manufacturing facilities include individual units for fabrication, steel re-rolling and galvanization.

Krishna Saa Fabs' customers include large private telecom tower operators, state-run electricity boards, shipyards, and various large EPC contractors for national highways and airport runways.

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