Bain exits India maritime logistics business to German strategic
Bain Capital has sold its stake in J.M. Baxi Ports & Logistics, an India-based provider of maritime logistics, to Germany-headquartered shipping and container transportation company Hapag-Lloyd for an undisclosed sum.
The private equity firm invested in J.M. Baxi two years ago and claims to have helped expand its port capacity and logistics units, strengthen its financial profile despite macroeconomic and supply chain...
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