Investcorp has successfully completed the acquisition of 20Cube 3PL Solutions, a pivotal player in India’s logistics sector, for approximately ₹500 crore. This significant transaction was strategically advised by the legal expertise of Anagram Partners, with key leadership from Partners Simone Reis and Shwetank Chaubey. The team supporting this acquisition included Senior Associate Anupam Nayak, and Associates Kavya Nagamangala, Rahil Arora, Kanishka Gunjiyal, and Kshitij Nair.
Tax-related intricacies of the transaction were navigated by Partners Rajesh Simhan and Sarthak Parnami. Additionally, the W&I advisory was spearheaded by Partner Palaq Vora, with Associate Mayuri Kalelkar contributing to the effort. This comprehensive legal support underscores Anagram Partners’ role in facilitating Investcorp’s strategic expansion within India’s logistics and technology landscapes.
On the other side of the transaction, River Law provided legal counsel to 20Cube Logistics. The legal proceedings and negotiations were led by Partner Jacob George. 20Cube 3PL Solutions is renowned for its contract logistics and third-party logistics services, offering integrated warehousing, distribution, and supply chain solutions across various sectors in India. This acquisition highlights Investcorp’s ongoing commitment to investing in the nation’s burgeoning logistics and technology domains.
Investcorp’s acquisition of 20Cube marks a significant milestone in the company’s investment strategy, reflecting a robust confidence in the potential growth and expansion of India’s logistics sector. The transaction not only strengthens Investcorp’s portfolio but also sets a precedent for future investments in the region.
