Singapore's Broad Peak, partner to invest $300 mn in Indian stressed assets

Singapore’s Broad Peak Investment Advisers on Monday said it would work with a Mumbai-based company to invest up to $300 million in India’s stressed assets market, signaling the government’s decision to set up a bad bank is attracting global investors in the special situation space.

Broad Peak, in association with fund Brescon & Allied Partners, will seek turnaround opportunities, debt resolution litigation financing and other businesses. Brescon specialises in services related to financial and corporate restructuring, and other advisory services. It is works in divestment advisory, mergers and acquisitions advisory, structured financing solutions and insolvency services under the purview of Insolvency