PE firms to acquire India's Spoton Logistics for $78m
Samara Capital and Xponentia Fund Partners, a PE firm headed by former executives from CX Partners, The Carlyle Group, and Citigroup Venture Capital International (CVCI), have agreed to acquire Indian logistics platform Spoton Logistics from India Equity Partners (IEP) for INR5.5 billion ($78 million).
Spoton was created in 2012 after IEP acquired the Indian express delivery business of Netherlands-based logistics provider TNT Express for an undisclosed amount. The company has three regional offices,...
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