India: Gateway Partners to buy $100m stake in TVS Supply Chain Solutions

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Singapore-based private equity firm Gateway Partners is acquiring a minority stake in TVS Supply Chain Solutions Ltd (TVS SCS), for $100 million, the logistics arm of the $8.5-billion TVS Group, said in a statement.

The investment involves both primary portion and secondary element, TVS SCS said in a statement Monday. The company, however, did not disclose the name of the sellers.

The deal is the second largest private equity investment in TVS SCS after North America”s largest pension fund managers CDPQ invested $155 million in the company in 2016.

“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,” R Dinesh, managing director, TVS SCS, said.

He added that Gateway as an investment partner will add value and help TVS SCS expand its footprint and grow.

TVS SCS provides end-to-end supply chain services for the automotive, beverage, defence, industrial and utilities markets. It has presence in 14 countries, including the UK, the US, Germany, Spain, Singapore and Australia.

“We look forward to working closely with TVS SCS and supporting its next stage of growth. As India’s largest supply chain company with a global footprint, it is well-positioned to continue providing end-to-end solutions for international and Indian customers,” Anand Kumar, co-founder and Partner, Gateway Partners, said, The company can leverage the growing global demand for value-added supply chain management services, he added.

Established in 2014, Gateway Partners is an alternative investment manager. It focuses on emerging markets of South and Southeast Asia, the Middle East and Africa. The firm operates from two offices in Singapore and Dubai.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.