Everstone group company (“Everstone”) acquired a significant shareholding in Transpole Logistics Private Limited (“Transpole”), for a consideration of about INR 2.2 billion (~USD 41 million) (“Transaction”). Transpole is a private limited company in India and is engaged in the business of, inter alia, providing freight forwarding and logistics services.

Everstone group is a premier private equity investor with assets under management in excess of USD 1.8 billion. Everstone group has significant resources, a strong institutional platform and looks at investing in businesses and opportunities that have a strong nexus to the Indian sub-continent.

Nishith Desai Associates, acted as legal counsel to Everstone for the Transaction.