TVS Logistics Announces an Investment by KKR and Goldman Sachs (Asia)
Source: KKR & Co. L.P.
TVS Logistics Services, an Indian provider of logistics solutions across multiple verticals including automotive, distribution, electronics and discrete component manufacturing, has reached an agreement with an affiliate of Kohlberg Kravis Roberts & Co. and Goldman Sachs. The deal is valued at approximately US$53 million, of which KKR will invest approximately US$47 million. The primary proceeds will be used to further expand the company’s logistics business. TVS Logistics previously received private equity financing from Goldman Sachs in 2008.