Mitsubishi Corporation (MC), Japanese automotive manufacturer has bought a minority stake in two-wheeler manufacturer TVS' logistics arm, TVS Supply Chain Solutions for an undisclosed sum. TVS SCS said in a statement, MC’s investment is through a secondary market transaction which will allow an existing investor Tata Opportunities Fund to secure a partial exit.
The Tata Opportunities Fund (TOF) initially came on board in 2015 as a minority partner and has invested across multiple rounds in TVS SCS to fund acquisitions and to support future growth. TOF will continue to hold a residual stake and remain a key strategic investment partner for TVS SCS, said the statement. Part of the $8.5 billion TVS group, TVS SCS is an integrated supply chain management services company.
R Dinesh, MD, TVS SCS said, “Our innovative solutions and differentiated approach make TVS Supply Chain Solutions Limited a preferred supply chain partner to our clients. Through our partnership with Mitsubishi Corporation, we aim to accelerate our growth in the years to come.”
For TVS SCS Limited, as the company stated this investment will ‘strengthen its leadership position, to a much larger customer footprint, by extending its complete suite of digital supply chain solutions and value-added services’.
