Private equity fund Asia Climate Partners has picked up India Equity Partners’ minority stake in Gwalior-based cold chain logistic company ColdEX Logistics..AZB & Partners acted for Asia Climate Partners with a team led by Partner Gautam Saha..VERUS acted for Coldex and its promoters with a team led by Partner Siddharth Bhavnani and Associate Anubhav Acharya..ColdEX is one of the largest players in the country’s cold chain logistics sector. Mumbai-headquartered PE fund India Equity Partners had bought the minority stake in ColdEX in 2010 for close to $10 million, or about Rs 45 crore, reports ET..ColdEX is now planning to invest about Rs 250 crore in the coming years for expansion.
Private equity fund Asia Climate Partners has picked up India Equity Partners’ minority stake in Gwalior-based cold chain logistic company ColdEX Logistics..AZB & Partners acted for Asia Climate Partners with a team led by Partner Gautam Saha..VERUS acted for Coldex and its promoters with a team led by Partner Siddharth Bhavnani and Associate Anubhav Acharya..ColdEX is one of the largest players in the country’s cold chain logistics sector. Mumbai-headquartered PE fund India Equity Partners had bought the minority stake in ColdEX in 2010 for close to $10 million, or about Rs 45 crore, reports ET..ColdEX is now planning to invest about Rs 250 crore in the coming years for expansion.
