TVS Logistics Services is a third-party logistics service provider and part of TVS Group
Bengaluru – 20 oct, 2016. RedNewswire/-
TVS Logistic Services is a Third-party logistics service provider in automobiles, e-commerce, defense and other sectors. It has raised $155 mn from Canadian pension fund manager Caisse de dépôt et placement du Québec (CDPQ).
CDPQ has acquired a sizable minority stake in TVS Logostics Services. However, the exact quantum of stake is unknown. CDPQ has presence in 14 countries.
CDPQ has done investments globally in major financial markets, private equity, infrastructure and real estate.
In 2015, TVS Logistics Services clocked Rs 4,200 crore revenue and got private equity investments from Goldman Sach, KKR & Tata Capital.
CDPQ will purchase most of the shares owned by existing investors Goldman and KKR and TVS family members and the management will purchase the rest.
R. Dinesh, Managing director, TVS Logistics Services Ltd said..
“Over the years, we have benefitted from a meaningful partnership with global investors like Goldman Sachs and KKR. We believe CDPQ is the perfect long-term partner for our next phase of growth as we look to expand the scale of our business.”
Michael Sabia, Chief Executive Officer, CDPQ said..
“Efficiency in delivering goods to customers is a key driver of business performance and TVS Logistics is well positioned to seize growth opportunities resulting from recent tax reforms in India and global demand for modern logistics services.”