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Announced

Blackstone to acquire a majority stake in Allcargo Logistics's Warehousing and Logistics Parks division for $54m.

Financials

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Transaction Value£41m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Cross Border

Pending

Single Bidder

Third Party Logistics (3PL)

Private Equity

India

Private

Majority

warehousing

Friendly

Acquisition

Synopsis

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Blackstone Group agreed to acquire a majority stake in Warehousing and Logistics Parks unit od Allcargo Logistics, an Indian a logistics firm, for $54m. Blackstone is expanding into logistics in India to tap the growing demand for warehouses as companies including Amazon and Walmart invest billions of dollars in the world’s fastest-growing e-commerce market.

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