KKR, Goldman invest $53m in India’s TVS Logistics
KKR has agreed to invest $47 million in TVS Logistics, an Indian supply chain manager that services the auto, distribution, electronics and component manufacturing industries. As part of the transaction, existing investor Goldman Sachs will inject a further $6 million into the company. The funds will be used to expand TVS’ business through organic growth and acquisitions.
According to local media, KKR and Goldman will between them hold about 40% of the company. Goldman and TVS Capital originally invested $25 million in 2008, with the former putting in most of the capital....
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