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M&A Deal Summary

FM Logistic Acquires Spear Logistics Pvt

On March 21, 2016, FM Logistic acquired transportation company Spear Logistics Pvt from Ambit Pragma Advisors

Acquisition Highlights
  • This is FM Logistic’s 1st transaction in the Transportation sector.
  • This is FM Logistic’s 1st transaction in India.

M&A Deal Summary
Date 2016-03-21
Target Spear Logistics Pvt
Sector Transportation
Buyer(s) FM Logistic
Sellers(s) Ambit Pragma Advisors
Deal Type Add-on Acquisition

Target

Spear Logistics Pvt

Aundh Pune, India
Spear Logistics is an asset-light, contract logistics company.Spear Logistics has a team of more than 1,800 employees and runs 75 warehouses spanning 2,000,000 sq. ft., along with supporting infrastructure. Company manages logistics for clients based throughout India and it has customers across verticals that include engineering, telecom infrastructure & retail.

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Buyer(S) 1

Buyer

FM Logistic

Lorraine, France
Category Company
Founded 1967
Sector Transportation
DESCRIPTION

FM Logistic is one of the major players in warehousing, transportation and co-packing businesses. Independent and family-owned, the group is recognised as being expert in the consumer goods, retailing, perfume/cosmetics, industrial and health markets.

DEAL STATS #
Overall 1 of 1
Sector: Transportation M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2016 M&A 1 of 1

Seller(S) 1

SELLER

Ambit Pragma Advisors

Category Growth Capital Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Ambit Pragma is a private investment firm that looks to invest in growth-oriented, privately held Indian companies. Areas of interest include entertainment/leisure, logistics, consumer goods, healthcare, and infrastructure services. The Firm generally seeks opportunities where it can commit INR300 million to INR750 million per transaction. Ambit Pragma was formed in 2007 and is headquartered in Mumbai.

DEAL STATS #
Overall 1 of 1
Sector: Transportation M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-01 Teamwork Arts

Delhi, India

Teamwork Arts is a multi-genre live entertainment company. The company started with production of documentaries and non-fiction software for Television. Teamwork Arts is based in Delhi, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-30 Prime Focus Technologies

Mumbai, India

Prime Focus Technologies engages in media and entertainment industry services. Company offers customers transformational solutions that help virtualize the content supply chain and digitally mediate enterprise workflows to manage not just the content, but the business of content. PFT brings together a unique blend of Media and IT skills backed by a deep understanding of the global media and entertainment industry. Prime Focus Technologies was founded in 2008 and is based in Mumbai, India.

Buy -
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