CDPQ acquires a substantial minority interest in TVS Logistics Services

Chennai / Montreal, October 19, 2016: TVS Logistics Services Ltd. (TVS LSL), the India-based multinational third-party logistics service provider, announced that it has reached an agreement with Caisse de dépôt et placement du Québec (CDPQ), one of North America’s largest pension fund managers. Under this agreement, CDPQ will invest over INR 1000 crores ($155 million US) to acquire a sizeable minority stake in TVS LSL, a privately held subsidiary of the TVS Group. Following this transaction, existing investors Goldman Sachs and KKR will fully exit their investments in TVS LSL. CDPQ will purchase most of their joint stake, while TVS family members and management will acquire the remainder.

Beyond this equity investment, CDPQ is ready to commit significant additional capital to finance transformative acquisitions and support the expansion of TVS LSL in India and globally.Continue reading

Indian Prime Minister’s UK visit: TVS Logistics to use its UK capabilities to provide solutions in India

The company is high on confidence after it secured procurement solution contract for UK’s Ministry of Defence and look to replicate it in Indian Defence sector too

Chennai, November 13, 2015: As Prime Minister Narendra Modi visits the United Kingdom, TVS Logistics, India’s leading third party logistics service (3PL) provider, today announced that its UK business, TVS Supply Chain Solutions, will become its regional hub for the whole of Europe and a knowledge hub for supply chain. The company said its UK business has multiplied its revenues nearly seven times in the last five years, growing from £40m (INR 400 crores) to £274m (INR 2740 crores) forecasted for this financial year. Internationally, the company’s successful growth is attributed to its ability to identify unique capability and deploy it in other parts of the world, including India.Continue reading