Deals
PE Firm Is in Advanced Talks for TVS Supply Chain Stake
- Gateway Partners is in talks to invest $100 million in TVS
- PE firm could own as much as 15% of TVS Supply Chain in a deal
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Gateway Partners, the private equity firm led by former Standard Chartered Plc banker Vis Shankar, is in advanced talks to buy a minority stake in India’s logistics provider TVS Supply Chain Solutions Ltd. for $100 million, according to people familiar with the matter.
The buyout firm will purchase new shares as well as those held by existing shareholders in TVS Supply Chain including Tata Opportunities Fund, said the people, who asked not to be identified as the discussions are private. Gateway Partners could own as much as 15% of the logistics company in a deal, one of the people said.