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
- Industry
- Logistics & Distribution
- Location
- Maharashtra, India
- Transaction Type
- Divestiture
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