French construction company Vinci has acquired Chennai-based construction firm NAPC.

AZB & Partners advised NAPC with a team led by Partner Essaji Vahanvati.

Kochhar & Co. advised Vinci with a team led by Partner Dorothy Thomas along with Senior Associate Aniruddha Ghosh and Associate Anirban Mohapatra.

According to Dealcurry, the company was founded in 1949 as National Asphalt Products & Construction Co (a partnership firm) by BS Manian to undertake road projects. NAPC was founded in 2005 by KS Manian (BS Manian's son). It took over the partnership's firm business in 2007. Currently NAPC undertakes civil construction projects involving construction of roads, airport runways, buildings and mining contracts.

Manians will deploy the proceeds into the family’s real estate and renewable energy businesses.

NAPC has been working with Renault-Nissan Automotive, Ford India, MRF and Nerolac Paints. NAPC also holds a 10% stake in GMR Chennai Outer Ring Road Private Limited, a SPV floated by GMR group and NAPC Limited. It also has a JV with Sweden based Lackeby Water Group of Sweden to execute water management projects.

Vinci already has JV with HCC Ltd name as Vinci Construction Grands Projects formed for undertaking civil engineering projects. The company will also focus on infrastructure opportunities, especially in water and power sectors, in SAARC countries.

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