Kotak Special Situations Fund (KSSF) - managed by Kotak Investment
Advisors Limited (KIAL) - today announced an investment of Rs 1,000 crore to back TVS Supply Chain Solutions Limited (TVS SCS) and promoters of the TVS Family.
TVS SCS is a leading third party logistics
(3PL) services provider with global operations. It is suitably positioned to capture the high growth potential market both in India and globally.
Under the transaction, KSSF has financed TS Rajam Rubbers Private Limited with Rs 800 crore in the form of non-convertible debentures (NCDs) to help the promoter, R Dinesh acquire CDPQ’s stake in TVS SCS.
The investments will help the TVS family consolidate their holdings in TVS SCS.
Additionally, KSSF has invested Rs 200 crore in the form of equity in TVS SCS.
Srini Sriniwasan, Managing Director, Kotak Investment Advisors Limited said, “We are delighted to support the TVS group and R Dinesh in consolidating their ownership in a valuable and high growth technology led business."
Kotak Investment Advisors Limited (KIAL), a part of the Kotak Mahindra Bank (Kotak), focuses on the Alternate Assets business.
KIAL was set up in early 2005 to bring a sharper focus to Kotak’s alternate assets practice and has raised / managed / advised in aggregate over USD 4.9 billion across different asset classes including Private Equity Funds, Real Estate Funds, Infrastructure Funds, Special Situations
Fund, Listed Strategies and Investment Advisory, all led by independent investment teams.