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
October 19, 2018
With this acquisition, IIFL Wealth will increase its client base, and will expand its portfolio mana ...More
By Vaishnavi Gupta
October 18, 2018
This is the second acquisition of InMobi in 2018, after it bought AerServ in January for $90 million ...More
By Vaishnavi Gupta
October 17, 2018
The Mumbai-based enterprise security company will make the investment through its wholly-owned subsi ...More
By Vaishnavi Gupta
October 16, 2018
This is the second acquisition of DailyNinja in Hyderabad after the acquisition of 4amShop in August ...More
By Vaishnavi Gupta
October 13, 2018
With this acquisition, the Bengaluru-based mobile entertainment services company will expand its bus ...More
By Vaishnavi Gupta
October 12, 2018
As part of the deal, Advent purchased entire 40% stake held by Indian PE firm Kedaara Capital and a ...More
By Vaishnavi Gupta
October 11, 2018
Future Enterprises will pay Rs 20 crores for the stake and Rs 5 crores additionally, if required. ...More
By Vaishnavi Gupta
October 11, 2018
The acquisition will help MobiKwik to strengthen its foothold in the digital financial services sect ...More
By Vaishnavi Gupta
October 10, 2018
The combined entity will be providing a comprehensive solution to convert waste plastic into valuabl ...More
By Vaishnavi Gupta
October 09, 2018
The company is expecting that the AP unit will help it to strengthen its presence in the highly comp ...More
By Vaishnavi Gupta
October 09, 2018
With the acquisition of Two Roads, Hyatt will expand its brand presence into 23 new markets. ...More
By Vaishnavi Gupta
October 08, 2018
The acquisition marks Mercer's entry into the global talent assessment market. ...More
By Vaishnavi Gupta