CDPQ, one of North America’s largest pension fund managers, has agreed to acquire a minority stake in TVS Logistics Services, the India-based multinational third-party logistics service provider for $155m. Financial terms were not disclosed. “We are happy to have CDPQ, a leading global institutional asset manager, on board. Over the years, we have benefitted from a meaningful partnership with global investors like Goldman Sachs and KKR. We believe CDPQ is the perfect long-term partner for our next phase of growth as we look to expand the scale of our business. TVS Logistics, over the years, has grown at a CAGR of more than 30% and has a strong global track record of growth, both organically and through acquisitions. We look forward to continuing this evolution and building on our successes through a fruitful partnership with CDPQ.” R. Dinesh, TVS Logistics Services Managing Director.