Gateway Partners to invest $100 million in TVS Supply Chain

 

Singapore-based Gateway Partners is acquiring a minority stake in TVS Supply Chain Solutions Limited, the logistics arm of the TVS Group, for $100 million (about Rs 7.4 billion). The investment involves both a primary infusion of capital and a secondary purchase of shares. However, there is no break-up of the primary and secondary components. The deal is the second largest PE investment in TVS Supply Chain Solutions after Canadian pension fund Caisse de dépôt et placement du Québec invested $155 million in 2016.