.
MergerLinks Header Logo

New Deal


Announced

Completed

Teachers’ Venture Growth and Ontario Teachers' Pension Plan completed the $80m investment in Xpressbees.

Financials

Edit Data
Transaction Value£65m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

Edit

Tags

Edit

Acquisition

Majority

Single Bidder

Cross Border

Private

India

logistics firm

Express Courier / Parcels

Private Equity

Friendly

Completed

Synopsis

Edit

Teachers’ Venture Growth, a late-stage venture, and growth investment arm of Ontario Teachers' Pension Plan, completed the $80m investment in Xpressbees, a third-party end-to-end logistics platform in India. “We believe the logistics sector is at the cusp of technological disruption and this is the right time to expand service offerings to address the growing needs of businesses and consumers. We are elated to partner with the TVG team who bring rich experience and a vast global network which will help as we scale our end-to-end platform to cater to the next level,” Amitava Saha, Xpressbees Founder and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US