CAI International Inc * CAI International announces the acquisition of Hybrid Logistics Inc and General Transportation Services Inc * Deal for $12 million * Says expect that transaction will be immediately accretive to...
Aegis Logistics – Buy Back Offer
Karvy Investor Services Ltd ("Manager to the BuyBack") on behalf of Aegis Logistics Ltd ("Target Company") has issued this Public Announcement for Buy Back to the Equity Shareholders / Beneficial...
EXL acquires Schneider Logistics’ operations in Czech Republic
Nasdaq-listed EXL Service has acquired the operations of European logistics provider Schneider Logistics in the Czech Republic. The facility currently provides transaction processing services to Schneider and its...
Sealand sells stake in Gateway Distripark
Logistics services provider Gateway Distriparks said today that the US-based port operator Sealand Terminals has reduced its stake in the company to 3.64 per cent after selling shares worth Rs 17.59 crore, through the...
Alibaba-backed courier YTO Express to list via $2.7 billion reverse merger
Alibaba-backed YTO Express plans to go public via a 17.5 billion yuan ($2.7 billion) merger with a listed clothing maker, becoming the latest courier seeking capital market funds to stay competitive during China’s...
French major FM Logistics buys Pune firm Spear Logistics.
An SME-focused private equity fund Ambit Pragma today said that it has sold majority stake in Pune-based Spear Logistics to French multinational FM Logistic for an undisclosed amount. Ambit Pragma, a small-cap growth...
Sysco to Acquire European Food Distributor Brakes From Bain
Sysco Corp. agreed to buy food-service distributor Brakes Group from private equity firm Bain Capital in a $3.1 billion deal, including $2.3 billion in debt, giving the company a bigger foothold in Europe. Brakes had...
Asia Climate Partners to pick stake in ColdEX.
Private equity fund Asia Climate Partners is set to pick up India Equity Partners’ minority stake in Gwalior-based cold chain logistic company ColdEX Logistics, people close to the development said. Asian...
IDFC PE part-exits Star AgriWarehousing & Collateral Management with 2X returns.
IDFC Private Equity is selling a portion of its stake in Star AgriWarehousing & Collateral Management, part-exiting an investment it made four years ago in one of the country’s fastest growing agriculture...
Bidding war for Australia’s Asciano heats up as Qube trumps Brookfield
The bidding war for Australian freight giant Asciano Ltd heated up on Monday as local rival Qube Holdings Ltd upped its proposal to A$9 billion ($6.4 billion), trumping Canada’s Brookfield Asset Management Inc...
Patel Logistics raises funds from Mauritius-based asset manager Frontline Strategy
MUMBAI: Patel Integrated Logistics has raised funds from Mauritius-based asset manager Frontline Strategy , as one of the oldest transportation and logistics firms in India plans to ramp up its ecommerce business. The...
Canadian Pacific offers to buy Norfolk Southern
Canadian Pacific Railway Ltd said it has offered to buy Norfolk Southern Corp to create a transcontinental railroad. The proposal includes a “sizable premium in cash and stock” to Norfolk shareholders...
