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CDPQ invests $155 mn in TVS Logistics

Existing investors Goldman Sachs and KKR will fully exit

T E Narasimhan & Gireesh Babu  |  Chennai 

Canadian pension fund manager Caisse de dépôt et placement du Québec (CDPQ) has invested around $155 million (around Rs 1,000 crore) to acquire stake in TVS Logistics Services Ltd. (TVS LSL), a third-party logistics service provider and part of TVS Group. Besides this, the promoters have also pumped Rs 200 crore into the company. CDPQ will invest this money to acquire a sizeable minority stake in TVS Logistics Services. After this transaction, Goldman Sachs and KKR will exit their investments in TVS Logistics Services. CDPQ will purchase most of their joint stake, ...

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CDPQ invests $155 mn in TVS Logistics

Existing investors Goldman Sachs and KKR will fully exit

Existing investors Goldman Sachs and KKR will fully exit Canadian pension fund manager Caisse de dépôt et placement du Québec (CDPQ) has invested around $155 million (around Rs 1,000 crore) to acquire stake in TVS Logistics Services Ltd. (TVS LSL), a third-party logistics service provider and part of TVS Group. Besides this, the promoters have also pumped Rs 200 crore into the company. CDPQ will invest this money to acquire a sizeable minority stake in TVS Logistics Services. After this transaction, Goldman Sachs and KKR will exit their investments in TVS Logistics Services. CDPQ will purchase most of their joint stake, ... image
Business Standard
177 22

CDPQ invests $155 mn in TVS Logistics

Existing investors Goldman Sachs and KKR will fully exit

Canadian pension fund manager Caisse de dépôt et placement du Québec (CDPQ) has invested around $155 million (around Rs 1,000 crore) to acquire stake in TVS Logistics Services Ltd. (TVS LSL), a third-party logistics service provider and part of TVS Group. Besides this, the promoters have also pumped Rs 200 crore into the company. CDPQ will invest this money to acquire a sizeable minority stake in TVS Logistics Services. After this transaction, Goldman Sachs and KKR will exit their investments in TVS Logistics Services. CDPQ will purchase most of their joint stake, ...

image
Business Standard
177 22