TNT Express Acquired By India Equity Partners

IEP (India Equity Partners) acquired the domestic road express business of TNT India and would be led by Abhik Mitra, previously the Managing Director at TNT India. The acquisition was made as a result of the tremendous growth opportunities for mid-sized companies in the logistic sectors. “We see TNT's domestic road express business as a first step in building out our Logistics platform and intend to pursue other exciting investment opportunities in this sector," said KK Iyer, Managing Director, IEP Fund Advisors.

IEP was founded in 2006 as an independent private equity firm, which focuses on control or significant minority investments in consumer-focused industries and infrastructure services. It has over $350 million under management.