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
February 15, 2019
At present, tech companies are concentrating on improving the customer experience. ...More
By Jaspreet Kaur
February 13, 2019
Ramapai is a veteran in the industry and carries up to 24 years of experience. ...More
By Jaspreet Kaur
February 12, 2019
CAPA foresees that the Indian airlines will cut accumulative losses up to $700 million in FY19. ...More
By Jaspreet Kaur
February 12, 2019
Reliance Home Finance has released its Q3 report and proclaims to earn INR 55 crore following tax de ...More
By Jaspreet Kaur
February 11, 2019
The automotive company shared Q3 reports Financial Year 2018 on Monday. ...More
By Jaspreet Kaur
February 11, 2019
German bank and financial services company, Deutsche bank makes the largest infusion in the country ...More
By Jaspreet Kaur
February 09, 2019
Delhi High Court has banished plea for regulating content on Netflix and Amazon Prime. ...More
By Jaspreet Kaur
February 08, 2019
Sobha has earned a consolidated net profit INR 69.8 crore as per Q4 FY18 ...More
By Jaspreet Kaur
February 08, 2019
IT cancellations of Tata Trusts’ license may shift Venkat to a new position. ...More
By Jaspreet Kaur
February 07, 2019
RBI cut on repo rate results surge in realty stocks, auto and bank. ...More
By Jaspreet Kaur
February 07, 2019
MPC’s decision has begotten positive impact on rupee as well as bond yields. ...More
By Jaspreet Kaur
February 06, 2019
E-commerce retailers seek reshuffling a tool to not flout the amended FDI laws. ...More
By Jaspreet Kaur