your password has been reset successfully, Please login again.

Samara Capital nears acquisition deal of Spoton Logistics

PE firm India Equity Partners holds a stake of around 98% stake in Spoton Logistics while the company’s management owns the rest.
BY BEx Bureau
BusinessEx
Jul 17, 2018

Private equity firm Samara Capital is in final stage of discussions to buy Spoton Logistics Pvt. Ltd for $80 million (Rs 525 crore), The Times of India reported, citing people aware of the development.

PE firm India Equity Partners holds a stake of around 98% stake in Spoton Logistics while the companys management owns the rest, according to the report.

Bengaluru-based Spoton was formed in late 2011 when India Equity Partners bought the domestic road business of Dutch freight and logistics giant TNT Express in India. The PE firm has invested Rs 180 crore in Spoton, the report said.

Spoton Logistics was previously on the radar of another PE firm. In August 2017, VCCircle reported that True North was in an initial stage of discussions to buy a majority stake in Spoton.

Samara is investing out of its second fund. The PE firm had raised $263 million for its first fund and $300 million for its second fund. Last month, The Economic Times reported that Samara Capital was looking to float a $550 million fund by the end of 2018.

Please add your Comment
SIMILAR News
November 20, 2018
Through this investment, BillDesk will develop new product lines for its payments and loyalty busine ...More
By Vaishnavi Gupta
November 19, 2018
Ananth Narayanan, Chief Executive Officer of Myntra, will continue to lead the team. ...More
By Vaishnavi Gupta
November 16, 2018
This acquisition will help FarEye to reinforced its growth plans to solve challenges for long-haul a ...More
By Vaishnavi Gupta
November 14, 2018
True North has acquired a 75% stake in Shree Digvijay Cement Company Ltd from Brazil-based Votoranti ...More
By Vaishnavi Gupta
November 13, 2018
The investment is made by the firm to boost its capabilities to deliver tech solutions that will hel ...More
By Vaishnavi Gupta
November 12, 2018
With this acquisition, Mphasis will increase its end-to-end capabilities in the public cloud domain, ...More
By Vaishnavi Gupta
November 12, 2018
This acquisition will help Mumbai-listed AGC to add over $600 million in annual revenue and about 3, ...More
By Vaishnavi Gupta
November 09, 2018
The acquisition is in line with the company's strategy to boost the value for its stakeholders throu ...More
By Vaishnavi Gupta
November 03, 2018
Viithiisys, with this acquisition, will expand its product portfolio and list of clients. ...More
By Vaishnavi Gupta
November 02, 2018
Post acquisition, W12 Studios will be a part of TCS Interactive, the digital division of the IT serv ...More
By Vaishnavi Gupta
November 01, 2018
The fresh funds will be used by Turms to expand its product categories, hire tech talent and launch ...More
By Vaishnavi Gupta
October 31, 2018
The funds raised will be used by Duroflex to expand to new markets across India. ...More
By Vaishnavi Gupta