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
June 26, 2019
The software company states that in the initial 12-month period, it has managed to reconcile transac ...More
By Jaspreet Kaur
June 26, 2019
Devyani International, originally backed by Ravi Jaipuria’s company RJ Corp., will buy stores in And ...More
By Jaspreet Kaur
June 24, 2019
As per the transaction, Ankit Somani will also be a part of the board of ConceptOwl to enhance the o ...More
By Jaspreet Kaur
June 24, 2019
The Indian startup, Scentials Beauty Care and Wellness has obtained INR 25 Crore in Series A round o ...More
By Jaspreet Kaur
June 21, 2019
Indian online news platform, Dailyhunt has proclaimed to buy hyperlocal platform, LocalPlay for an u ...More
By Jaspreet Kaur
June 21, 2019
According to the transaction, M&MFIN, which is administered by Mahindra Finance, will acquire a 51 p ...More
By Jaspreet Kaur
June 20, 2019
A cluster of affluent individuals and angel investors had partaken in the funding round. ...More
By Jaspreet Kaur
June 20, 2019
Currently, SFL acquires 50.1 per cent shares in the synergy, Sundaram BNP Paribas Home Finance Ltd. ...More
By Jaspreet Kaur
June 19, 2019
IT firm, Cognizant has proclaimed to have acquired Zenith Technologies for an undisclosed sum. ...More
By Jaspreet Kaur
June 19, 2019
The food delivery company, Swiggy is in discussions to raise nearly INR 1,393 Crore for the US-based ...More
By Jaspreet Kaur
June 18, 2019
Kredily helps to digitise businesses and automate HR as well as payroll-related duties. ...More
By Jaspreet Kaur
June 18, 2019
Tech Mahindra, a subsidiary of Mahindra Group, is buying Canadian IT consultancy, Objectwise for rou ...More
By Jaspreet Kaur