Hapag-Lloyd Acquires Stake in J M Baxi Ports & Logistics from Bain Capital Private Equity Affiliate

January 25, 2023

German shipping company Hapag-Lloyd has acquired the stake in Indian maritime logistics provider J M Baxi Ports & Logistics from a Bain Capital Private Equity affiliate. The sale, whose financial terms were not disclosed, transfers ownership following Bain's two-year investment that expanded J M Baxi's port capacity and logistics footprint across India. The transaction is subject to regulatory approvals.

Buyers
Hapag-Lloyd
Targets
J M Baxi Ports & Logistics Ltd
Sellers
Bain Capital Private Equity affiliate
Location
Maharashtra, India
Transaction Type
Divestiture

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