Japan's KRS buys majority stake in India's cold-chain firm Coldrush
What's the deal? Japanese logistics provider KRS CorporationDealroom has a profile for this one. Try Dealroom → has acquired a majority stake in Indian cold-chain company Coldrush Logistics for an undisclosed amount. The transaction combines a primary subscription to newly issued Coldrush shares with a secondary purchase of stock from existing shareholder Hydra Commercial Investments.
Who are the players? KRS is a Tokyo Stock Exchange-listed firm running warehousing, transportation, freight forwarding, and customs clearance, including temperature-controlled logistics. Coldrush provides temperature-controlled warehousing and transportation across India.
Who's selling? Hydra is a UAE-based investment entity set up in 2007 as a vehicle of the Royal GroupDealroom has a profile for this one. Try Dealroom → to invest in and manage commercial enterprises.
What's the endgame? The deal extends KRS's temperature-controlled logistics network into India, one of the world's largest consumer markets, through an established local operator. DSK LegalDealroom has a profile for this one. Try Dealroom → and Nagashima Ohno & TsunematsuDealroom has a profile for this one. Try Dealroom → advised KRS, which acted as lead transaction counsel on the Japanese side.
The signal: Japanese logistics firms are increasingly buying into India's cold-chain sector, drawn by rising demand for temperature-controlled storage and transport across food and pharmaceutical supply chains.
Read more: law.asia
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