Private Equity Fund Investments
TVS Supply Chain raises Rs.590-Cr from Europe's Exor fund
Chennai-based TVS Supply Chain Solutions (TVS SCS) has raised INR 590 crore from a fund managed by Europe-based Exor. The company will use the fund to grow its business, further strengthen its technology capability and for other transformational initiatives, it said. Rothschild & Co advised TVS SCS on this transaction. Khaitan & Co and Nishith Desai Associates acted as legal counsels to TVS SCS and Exor, respectively, for this deal. Earlier this year, Exor, controlled by the Agnelli family, had invested in Ki Mobility Solutions, a subsidiary of TVS Automobile Solutions.
From the Venture Intelligence PE-VC Deals Database: Between Sep-15 and Sep-21, TVS Supply Chain Solutions had raised more than INR 3,200 crore from Tata Opportunities Fund, KKR, Goldman Sachs, CDPQ, Gateway Partners and Kotak Investment Advisors.
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