February 2, 2021
Welcome focus on cutting logistics cost – R. Dinesh’s budget views
The Budget has used the Covid crisis as an opportunity to bring in the necessary focus on infrastructure investments...
The deal is the second-largest private equity investment in TVS SCS after North America’s major pension fund manager CDPQ, which invested $155 million in TVS SCS in 2016.
Private equity firm Gateway Partners has committed to acquire a minority stake in TVS Supply Chain Solutions (TVS SCS), an end-to-end Supply Chain Management Services company and part of the $8.5 billion TVS group, for $100 million. The deal is the second-largest private equity investment in TVS SCS after North America’s major pension fund manager CDPQ, which invested $155 million in TVS SCS in 2016.
The investment involves both primary portion and a secondary element, the company said in an announcement today. According to industry sources, the investor takes around 15 per cent stake, which values the company at a billion-dollar.
R Dinesh, managing director, TVS SCS, said, “We are glad to have Gateway Partners as a strategic investor. TVS SCS has been growing significantly both in domestic and international operations thanks to our customer-focused approach and digital capabilities that we acquired over the years.” He also added that Gateway, as an investment partner, will add value and help TVS SCS expand its footprint and grow.