Gateway Partners to pick up stake in TVS SCS for $100 million

CHENNAI : Singapore-based private equity firm Gateway Partners has planned to acquire minority stakes in city-based TVS Group firm TVS Supply Chain Solutions for a deal valued at $100 million.

According to a statement from TVS Supply Chain Solutions, the investment involves both primary portion and secondary element. The deal is the second largest private equity investment in TVS Supply Chain Solutions after North America’s largest pension fund managers CDPQ invested USD 155 million in TVS Supply Chain Solutions in 2016.

“We are glad to have Gateway Partners as a strategic investor. TVS Supply Chain Solutions has been growing significantly both in domestic and international operations,” TVS Supply Chain Solutions managing director R Dinesh said. “I am confident Gateway as an investment partner will add value and help TVS SCS to expand footprint and grow,” he said.