Dubai, UAE: An estimated US$10 million investment in Bumi – an infrastructure development specialist.

Alcazar Capital has acquired a strategic stake in Bumi Geo Engineering Private Limited (Bumi) estimated to be US$ 10 million.  Founded in 2007, Alcazar Capital focuses on investment opportunities in emerging markets worldwide.

A specialist Geo Engineering Company serving the infrastructure sector, Bumi operates in India, Singapore, Dubai and Europe. Its service offerings include design and execution of infrastructure development projects such as tunnels, bridges, aqua ducts and hydro-electric projects. Bumi has a successful track record of a number of prestigious assignments in the Omkareshwar Hydro Electric Project, Karcham Wangtoo Hydro Electric Project and the Delhi Metro Railway stations.

The company was founded in 2002 by B. Jaikumar, an engineer in the field of Geotechnical Engineering who has worked in Japan, Malaysia, Singapore, Dubai and India.  “This investment will help Bumi capitalize on the huge opportunity in Geo Engineering in India and abroad and consolidate its position as an Indian multi-national company,” said Jaikumar, Chairman and Managing Director, Bumi.

“India is an important market and of keen interest to Alcazar,” said Nibras El Fadel, CEO, Alcazar Capital. “The investment in Bumi fits perfectly into our development strategy in terms of geography, sector, deal type and return potential. We look forward to assisting Bumi in its growth, both locally and internationally and to participate in the value creation process going forward.”

About Alcazar Capital Limited

Based in Dubai, Alcazar is regulated by the Dubai Financial Services Authority (DFSA) and focuses on investments in the fast growing emerging markets worldwide. Staffed with a dedicated team and an independent corporate governance structure, the Alcazar funds primarily provide growth capital for businesses related to infrastructure, telecoms, media, education, healthcare and alternative energy across the target markets. Alcazar has made investments in the Middle East, Sub-Saharan Africa, India and China.

Media Contact information:

Belinda Meli
PR Manager
Alcazar Capital, Dubai
Tel : +971 4 706 0302
Fax: +971 4 329 6967
E-mail : bmeli@alcazar-capital.com