Caisse de dépôt acquires minority stake in TVS Logistics Services


    The Caisse de dépôt et placement du Québec will spend US$155 million to acquire a significant minority stake in TVS Logistics Services, a privately held subsidiary of TVS Group.

    TVS Logistics Services is an Indian multinational company that provides third party logistics services.

    Following the transaction, existing investors, Goldman Sachs and KKR, will transfer all of their investments in TVS LSL. The Caisse will acquire the majority of their joint participation, while family members and leadership of TVS will acquire the remaining interest.

    In addition to this investment, the Caisse is ready to provide TVS LSL with additional capital so it can finance its transformative acquisitions and support its growth in India and around the world.