JSA advised Lineage Logistics, LLC, world’s largest temperature-controlled industrial REIT and logistics solutions provider, on the India leg of its 100% acquisition of Turvo Inc., a leading provider of supply chain management, collaboration, and visibility software, including its India subsidiary.
The acquisition was an extension of the two companies’ long-standing partnership which includes a previous investment in Turvo by Lineage. With Lineage’s backing, Turvo is intended to continue to focus on its customers, accelerate innovation in its technology offering and expand into new and adjacent markets under its own brand as a wholly owned subsidiary of Lineage.
The transaction also involved migration of employees of target into a new SAR (stock appreciation rights) plan.
Deal Value: USD 208 million
Our Transaction Team Comrised Lead Partner – Manvinder Singh, Partner – Anant Mishra, Associate – Parnik Saxena and Pragya Pandey.
Our Tax Team Comprised Partner – Kumarmanglam Vijay
Kumarmanglam is an equity partner of the firm and also heads the direct tax and regulatory practice at JSA. He has more than 25 years of experience in matters relating to direct taxation (including international taxation, transfer pricing, litigation, anti-avoidance laws, and M&A tax), accounting, and corporate laws including mergers and acquisition, joint ventures, foreign investments, market entry strategy, and corporate restructuring.