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Fidelity, Everstone waste no time with speedy Transpole exit

9 Jul 2014

lorry truck transport road logisticsThe private equity backers of Indian supply chain business Transpole have reportedly sealed a strong return by exiting their stakes to Japan’s SBS Group.

Fidelity Growth Capital invested $13.5m in Transpole for a minority stake in 2011, and sold 25 per cent of the business to Everstone Capital in January last year.

Everstone paid about INR2.2bn ($41m) for the stake, with the capital earmarked to help Transpole expand its international offices in China, Hong Kong, Malaysia, Singapore and South Korea.

SBS will buy a 66 per cent stake from the pair according to a press release, which did not reveal the transaction value.

The deal is set to net both investment firms a high IRR according to VCCircle.

Transpole has grown to provide logistics services across India, China, and South East Asia since it was founded in 2004.

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