M&A Deal Summary

Adani Ports Acquires InLogistics

On March 28, 2019, Adani Ports acquired transportation company InLogistics from True North for 3.3B INR

Acquisition Highlights
  • This is Adani Ports’ 1st transaction in the Transportation sector.
  • This is Adani Ports’ 0th largest (disclosed) transaction.
  • This is Adani Ports’ 1st transaction in India.

M&A Deal Summary

Date 2019-03-28
Target InLogistics
Sector Transportation
Buyer(s) Adani Ports
Sellers(s) True North
Deal Type Add-on Acquisition
Deal Value 3.3B INR

Target

InLogistics

Indore, India
InLogistics is a provider of end to End Logistic Solutions right from transportation to handling, Loading and Unloading of various types of commodities such as steel, marble, food grains, apparels and electronic goods etc., and trading activities in wheel sets- a key component for the manufacture of rakes. InLogistics was founded in 2006 and is based in Indore, Madhya Pradesh.

Search 202,458 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Adani Ports

Ahmedabad, India

Category Company
Founded 1998
Sector Infrastructure
Employees3,129
Revenue 267.1B INR (2024)
DESCRIPTION

Adani Ports is a commercial port operator in India accounting for nearly one-fourth of the cargo movement in the country. Its presence across 12 domestic ports in seven maritime states of Gujarat, Maharashtra, Goa, Kerala, Andhra Pradesh, Tamil Nadu and Odisha presents the most widespread national footprint with deepened hinterland connectivity. The port facilities are equipped with the latest cargo-handling infrastructure which is not only best-in-class, but also capable of handling the largest vessels calling at Indian shores. Adani Ports was founded in 1998 and is based in Ahmedabad, India.


DEAL STATS #
Overall 1 of 2
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (India) 1 of 2
Year (2019) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-04 Gangavaram Port

Hyderabad, India

Gangavaram Port is the developer of a greenfield port project, which owns the concession to build and operate a port in Gangavaram, Andhra Pradesh, located on the eastern coast of India.

Buy -

Seller(S) 1

SELLER

True North

Mumbai, India

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

True North Co. is a private equity firm focused on making investments in growing middle-market companies operating in India. The Firm looks to invest a minimum of $50 million per transaction. Sectors of interest include consumer, healthcare, financial services, infrastructure services, and IT. True North does not invest in start-ups or early-stage companies. True North Co. was formed in 1999 and is headquartered in Mumbai.


DEAL STATS #
Overall 15 of 22
Sector (Transportation) 1 of 2
Type (Add-on Acquisition) 7 of 13
Country (India) 13 of 19
Year (2019) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-23 Zydus Wellness

Ahmedabad, India

Zydus Wellness is a producer of Sugar Free, EverYuth and Nutralite products. Sugar Free, the flagship brand of Zydus Wellness is a sugar substitute that leads the market with dominant market share. ‘Sugar Free’, the largest selling sweetener brand in the country with over 93% market share, has now become more of a lifestyle brand rather than just a sugar substitute for diabetics. The skincare range of products sold under the umbrella brand ‘EverYuth’ has been able to retain its leadership position despite increasing competition and an influx of international brands. ‘Nutralite’, India’s largest selling table spread has gained widespread consumer acceptance as a healthier substitute to butter. Zydus Wellness was founded in 1994 and is based in Ahmedabad, Gujarat.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-30 VKL Seasonings Pvt.

Kochi, India

VKL Seasonings Pvt. Ltd. engages in the spice capital of the world, Kerala, is the flagship company of the Kanji Morarji Group. VSPL has mastered the ability to identify and lead taste trends, evolving as one of India's largest seasoning and flavor ingredients company. This lineage and rich spice heritage, combined with relentless innovation, has helped bring state-of-the-art integrated ingredient solutions to all segments of the Indian market. VSPL has helped craft industry-winning food products for top FMCG, QSR and Snack brands in India.

Sell -