India Dealbook: Hero Cycles, Spoton Logistics in M&A news

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Hero Cycles Ltd has acquired a strategic stake in German premium e-bike maker HNF Nicolai while Samara Capital-backed Spoton Logistics has acquired a stake in Chennai-based RTS Logistics.

Hero Cycles picks stake in Germany’s HNF Nicolai

Hero Cycles Ltd, the bicycle manufacturing unit of Hero Motors Company, has acquired a strategic stake in German premium e-bike maker HNF Nicolai.

The company bought the stake along with German investment trust IBG Beteiligungsgesellschaft Sachsen-Anhalt mbH, which is an investment vehicle for the state of Saxony-Anhalt. Hero Motors was also  involved in the deal, Hero Cycles said in a statement.

“The German acquisition marks a major step for Hero Cycles towards achieving a 5 percent share on the global e-bike market by 2022. With Europe leading the e-bikes market with a 20 per cent year-on-year growth, we aim to obtain a larger part of this market in the coming years,” the statement added.

Spoton Logistics acquires stake in RTS Logistics

Samara Capital-backed Spoton Logistics has acquired a strategic stake in Chennai-based RTS Logistics, The Economic Times reported.

RTS provides third-party logistics, and competes with the likes of R Dinesh-led TVS Logistics and Mahindra Logistics. RTS oversees the distribution chain for many blue-chip companies. It follows an asset light model wherein it operates a fleet of vehicles and runs warehouses on lease, freeing up capital on investments into technology.

“We were looking for partnerships with large companies with whom we can create a platform and collaborate on processes and technology, and we found the adjacencies as the right fit to engage with Spoton,” Narasimhan R, Principal Founder of RTS, was quoted in the report.

Financial details of the deal were not disclosed.

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.