M&A Deal Summary |
|
|---|---|
| Date | 2019-09-02 |
| Target | Meru Cabs |
| Sector | Transportation |
| Buyer(s) | Mahindra Logistics |
| Sellers(s) | True North Co. |
| Deal Type | Add-on Acquisition |
| Deal Value | 15M USD |
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| Category | Company |
|---|---|
| Founded | 2000 |
| Sector | Transportation |
| Employees | 3,854 |
| Revenue | 61.0B INR (2025) |
Mahindra Logistics is a provider of integrated third-party supply chain and people transport solutions to companies across a diverse cross-section of industries. The company provides supply chain solutions to organisations, integrating the right technology, processes, people, and best practices. Mahindra Logistics was founded in 2000 and is based in Mumbai, Maharashtra.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 2 |
| Sector: Transportation M&A | 1 of 2 |
| Type: Add-on Acquisition M&A Deals | 1 of 2 |
| Country: India M&A | 1 of 2 |
| Year: 2019 M&A | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-11-12 |
Rivigo
Gurugram, India Rivigo is a tech-enabled trucking company that offers full truckload, part truckload and online freight brokerage services to a range of industries, including fast-moving consumer goods, pharmaceuticals and automotive. Rivigo employs a driver-relay model, enabling it to offer lower transit times on long-haul routes. Rivigo was formed in 2014 and is based in Gurugram, India. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 3.0B USD |
| Size | Large |
| Type | Sector Agnostic |
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 | 17 of 22 |
| Sector: Transportation M&A | 2 of 2 |
| Type: Add-on Acquisition M&A Deals | 9 of 13 |
| Country: India M&A | 15 of 19 |
| Year: 2019 M&A | 3 of 4 |
| Size (of disclosed) | 2 of 2 |
| 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 | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-11-27 |
BORN Group
New York, New York, United States BORN Group is a digital agency with a core focus on creative, content and commerce. BORN Group provides a holistic suite of market-leading services, from large-scale image production to bespoke content experiences and innovative eCommerce solutions. BORN Group was founded in 1987 and is based in New York, New York. |
Sell | - |
