Gateway Partners to Acquire TVS SCS Stake for $100 Mn
Gateway Partners, a Singapore-based private equity firm intends to purchase minority stakes for $100 million in TVS Supply Chain Solutions (TVS SCS), a part of TVS Group. The investment would involve both primary and secondary element. After North America's largest pension fund managers CDPQ investment of $155 million in TVS SCS in 2016, this deal is the next largest private equity investment in TVS SCS.
"We are glad to have Gateway Partners as a strategic investor. TVS Supply Chain Solutions has been growing significantly both in domestic and international operations," says R Dinesh, Managing Director, TVS Supply Chain Solutions. He continues, "I am confident Gateway as an investment partner will add value and help TVS SCS to expand the footprint and grow."
TVS SCS delivers end-to-end supply chain solutions to numerous sectors that include automobile, information technology, beverages, healthcare and more. Furthermore, the company has set its footprint across 14 countries.
Commenting on acquiring the minority stake in TVS Supply Chain Solutions, Anand Kumar, Co-Founder & Partner, Gateway Partners states, "We look forward to work closely with TVS SCS and supporting its next stage of growth." He further continues, "As India's largest supply chain company with a global footprint, TVS Supply Chain Solutions is well-positioned to continue providing end-to-end solutions for international and Indian customers."
Gateway is led by a world-class team and supported by a strong shareholder group, thus, it is all set to leverage the increasing global demand for value-added supply chain management services.