KKR buys majority stake in logistics firm Leap India for $275-M

Global investment firm KKR has acquired a majority stake in Mumbai-headquartered Leap India, a pallet pooling platform. The acquisition cost is estimated to be around USD 275 million (about INR 2,225 crore). Deloitte Touche Tohmatsu and Transaction Square acted as LEAP's advisors and Anagram Partners acted as legal advisor to LEAP. EY and KPMG acted as KKR's advisors and AZB & Partners and Simpson Thacher & Bartlett acted as legal advisors to KKR. Founded in 2013 by Sunu Mathew, Leap provides supply chain solutions, including equipment pooling, returnable packaging, inventory management and movement, transportation, and repair and maintenance, across segments such as e-commerce, consumer durables, beverages, fast-moving consumer goods and automotive. The company operates a network of 21 warehouses across India managing more than 6 million assets, including pallets and containers.