M&A Deal Summary |
|
|---|---|
| Date | 2025-04-05 |
| Target | Ecom Express |
| Sector | Transportation |
| Buyer(s) | Delhivery Logistics |
| Sellers(s) |
Warburg Pincus
Peepul Capital Partners Group |
| Deal Type | Add-on Acquisition |
| Deal Value | 14.0B INR |
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| Category | Company |
|---|---|
| Founded | 2011 |
| Sector | Transportation |
| Employees | 23,381 |
| Revenue | 89.3B INR (2025) |
Delhivery Logistics is a supply chain services company focused on digital commerce. Delhivery provides express logistics services in over 600 cities in India and in more than 8,500 pin-codes and operates 12 fulfillment centers for B2C and B2B fulfillment services. Delhivery Logistics was founded in 2011 and is based in Gurgaon, Haryana.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector: Transportation M&A | 2 of 2 |
| Type: Add-on Acquisition M&A Deals | 2 of 2 |
| Country: India M&A | 2 of 2 |
| Year: 2025 M&A | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-08-02 |
Spoton
Bangalore, India Spoton operates a pan India network covering 300+ locations and over 22,000+ pin codes. Spoton offers best-in-class logistics services to an array of sectors viz. Hi-Tech, Automotive, Engineering, Pharmaceutical, Electronics & Electricals, and Lifestyle & Retail. Spoton was founded in 2012 and is based in Bangalore, India. |
Buy | $200M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1966 |
| PE ASSETS | 83.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 257 of 263 |
| Sector: Transportation M&A | 10 of 10 |
| Type: Add-on Acquisition M&A Deals | 92 of 95 |
| Country: India M&A | 23 of 23 |
| Year: 2025 M&A | 6 of 12 |
| Size (of disclosed) | 55 of 66 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-04-02 |
Tokyo Beta
Tokyo, Japan Tokyo Beta offers a unique, convenient, and affordable rental housing option portfolio, primarily consisting of two-story, wooden-structured detached houses with shared spaces, including kitchens and bathrooms. The majority of the properties are strategically located near public transportation, providing easy access to major business hubs and educational institutions. Tokyo Beta is based in Tokyo, Japan. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-05-15 |
Aetion
New York, New York, United States Aetion is a healthcare technology company that delivers real-world evidence for life sciences companies. The Aetion Evidence Platform analyzes data from the real world to produce transparent, rapid, and scientifically validated answers on treatments, costs, and outcomes. With decades of experience in epidemiology and health outcomes research, Aetion informs healthcare’s most critical decisions to guide treatment development, commercialization, and payment innovation. Aetion is based in New York, New York. |
Sell | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 700M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Peepul Capital is an India-focused private equity firm focused on promising early-stage, expansion-stage and restructuring/buyout opportunities. Peepul looks to invest $15 to $35 million per transaction. The Firm prefers 'asset light', scalable businesses with products and services targeting the Indian consumer. Peepul was formed in 2000 and maintains its investment offices in Chennai and Hyderabad.
| DEAL STATS | # |
|---|---|
| Overall | 11 of 12 |
| Sector: Transportation M&A | 1 of 1 |
| Type: Add-on Acquisition M&A Deals | 7 of 8 |
| Country: India M&A | 7 of 8 |
| Year: 2025 M&A | 1 of 2 |
| Size (of disclosed) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-12-23 |
Aqua Designs India
Chennai, India Aqua Designs India is a total water management engineering company with engineering capabilities to undertake and execute turnkey solutions for water and wastewater management. Aqua Designs India was established in 2002 and is based in Chennai, India. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-04-17 |
Sresta
Hyderabad, India Sresta sources, processes and markets a variety of organic food products under the brand name “24 Mantra”, in both domestic and international markets. Its product portfolio includes cereals, pulses, flours, spices and processed products like juices, ready to cook (RTC) products and purees. Sresta was founded in 2004 and is based in Hyderabad, India. |
Sell | - |
| Category | Asset Manager |
|---|---|
| Founded | 1996 |
| PE ASSETS | 174.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Partners Group is a global investment management firm with a variety of funds and institutional clients. The Firm's direct investment group looks to invest in or acquire market leading companies with growth opportunities linked to technology. Partners is a hands-on investor and looks to actively support its portfolio companies with expansion, operational, and governance structure support. Partners Group was established in 1996 and is headquartered in Zug, Switzerland.
| DEAL STATS | # |
|---|---|
| Overall | 35 of 38 |
| Sector: Transportation M&A | 1 of 1 |
| Type: Add-on Acquisition M&A Deals | 7 of 9 |
| Country: India M&A | 3 of 3 |
| Year: 2025 M&A | 2 of 5 |
| Size (of disclosed) | 6 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-03-17 |
Greenlink
Dublin, Ireland Greenlink is a proposed 500MW, subsea and underground cable interconnector (with associated converter stations) between the existing electricity grids in Ireland and the UK, operated respectively by EirGrid and National Grid Electricity Transmission. The project will link the Great Island transmission substation in County Wexford (Ireland) and Pembroke transmission substation in Pembrokeshire (Wales). Greenlink is based in Dublin, Ireland. |
Sell | €1.0B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-05-16 |
Green Tea Group
Hangzhou, China Green Tea Group is a casual dining restaurant chain. Green Tea, the Company's main brand, serves chinese fusion cuisine in a traditional dining environment, while Play King, launched in January 2016, serves a more casual western menu in a youthful, modern setting. Green Tea Group was founded in 2004 and is based in Zhejiang Sheng, China. |
Sell | - |
