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AUTOMOTIVE & TRANSPORTATION | Transportation Services / Logistics services
seawaysindia.com

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Founded Year

1989

Stage

Private Equity | Alive

Total Raised

$2.8M

Last Raised

$2.8M | 13 yrs ago

About Seaways Shipping and Logistics

Seaways Shipping and Logistics offers freight forwarding, liner agency, vessel agency, bulk cargo handling, stevedoring, project cargo handling, and feeder vessel services.

Seaways Shipping and Logistics Headquarter Location

Seaways Pride, Plot No. 731 Road No. 36, Jubilee Hills

Hyderabad, 500 034,

India

+91-40-66447000

Latest Seaways Shipping and Logistics News

India: Raymond buys out JV Partner; Seaways acquires IDFC stake; LiquidHub sale

Aug 18, 2017

Ishita Russell August 18, 2017 While Raymond has bought out its joint venture partner in JK Ansell, while Seaways Shipping has acquired IDFC PE’s stake in the company. Also, Cognizant Technologies and Apax Parters are in talks to acquire LiquidHub. Raymond buys out JV partner’s stake in JK Ansell Raymond Ltd has bought out its joint venture partner Australia’s Ansell Ltd stake in KamaSutra condoms manufacturer JK Ansell for an undisclosed amount. The company has acquired 100 per cent ownership of the sexual wellness and personal care business under the brand KamaSutra. JK Investo Trade (India) Ltd, a unit of Raymond, owned half the stake in the JV while Ansell held the other half. With the transaction, JK Ansell becomes a wholly owned subsidiary of JK Investo Trade. “With this acquisition, the combined FMCG business is expected to be Rs800 crore consumer value in FY18,” said Giriraj Bagri, president of FMCG business at Raymond in a statement. JK Ansell has two businesses—sexual wellness and personal care, and surgical gloves. As part of the same deal, Raymond has sold the surgical gloves business back to Pacific Dunlop Holdings (Singapore) Pte Ltd, an Ansell group company. With an eye on IPO Seaways Shipping buys out IDFC stake in co The promoters of Seaways Shipping and Logistics Ltd have acquired the entire stake of 24 per cent that IDFC Private Equity (IDFC PE) held in the company. The financial details of the transaction were not disclosed. Last year Seaways Shipping had filed draft papers with the SEBI to float an initial public issue, which was to pave the way for an exit for IDFC Private Equity. Based on the strong performance in 2016-17, and the encouraging results in 2017-18 so far, the company is planning to go public in 2018-19, P.V.K. Mohan, chairman and managing director of Seaways Group said. Seaways has been consistently profitable. With the global freight rates making a marked recovery, and increased manufacturing activity in India, the company is excited about the exponential growth prospects of the Group, Mohan added. Cognizant, Apax Partners in fray to acquire LiquidHub Tech firm  Cognizant Technology Solutions and private equity major Apax Partners  are in the fray to acquire digital tech company LiquidHub in a deal that could be valued up to $600 million, said a report in The Economic Times. According to the sources cited in the report, the indicative bids are in the range of $450 to $600 million. JP Morgan has been mandated to run the sale process, which has seen four potential suitors being shortlisted. Accenture, Capgemini and EY were also among those interested in the deal.. Apax Partners could be pursuing the acquisition as a possible addition to one of its portfolio companies, Zenzar, said the report. India’s oldest private equity investor ChrysCapital holds around 48% stake in the company. Also Read:

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