A.P. Moller Capital and JSW Infra Join Forces to Establish JV for Port and Logistics Development in India

Denmark-based infrastructure fund manager A.P. Møller Capital P/S, a division of the A.P. Moller Group, is set to collaborate with Mumbai-listed JSW Infrastructure Ltd, India’s second-largest private port operator, to invest in and develop ports and logistics infrastructure across the nation.

The agreement, sealed with a memorandum of understanding on Thursday, marks the initiation of a joint venture that will enable both entities to expand their transport and logistics portfolios within India. A.P. Møller Capital, specializing in critical infrastructure investments in transportation and energy transition, is backed by Danish and international institutional investors.

Robert M Uggla, Chairman of A.P. Moller Maersk A/S, oversees A.P. Møller Capital, leveraging the expertise of the A.P. Moller Group, which operates Maersk Line, a leading container shipping line, and A P M Terminals Management B V, a global container port operator.

In February, A.P. Møller Capital announced the opening of an office in Singapore to bolster its investment initiatives in South and Southeast Asia, aiming to channel over $750 million into infrastructure platforms in the region.

Currently managing over $1.5 billion spread across 16 projects, A.P. Møller Capital prioritizes investments supporting food and mineral security, decarbonization, and sustainable demographic and economic growth.

The establishment of the Singapore office signifies a strategic move for A.P. Møller Capital, expanding its investment focus into high-growth markets and aligning with its commitment to deliver attractive returns to investors.

"We are very excited to now also offer our leadership and experience within transport, logistics, and decarbonization to South and Southeast Asia," stated Kim Fejfer, CEO and Managing Partner of A.P. Møller Capital. "The opening of the Singapore office demonstrates our commitment to building a highly successful long-term investment business across the Asia region."

Leading the Asia strategy and team is Partner Dhruv Narain, who joined A.P. Møller Capital in August 2022, bringing with him over two decades of experience in leading investment teams across Asia, Europe, and the Americas.

Dhruv expressed enthusiasm about the venture, highlighting its potential to generate positive impacts both for investors and the community. The Asia team also includes T P Chopra, based in India.

Earlier reports indicated that A.P. Møller Capital is among the entities interested in acquiring the stake held by private equity firm Global Infrastructure Partners in Pristine Logistics & Infraprojects Ltd, a rail-focused logistics firm.

ET