India Equity Partners in ColdEX Logistics to exit

ColdExHaving invested $10 million in ColdEX Logistics in December 2010, India Equity Partners are now looking to exit. The Gwalior-based food cargo supply chain service provider ColdEX Logistics is working towards raising Rs. 300-500 crores to buy out the minor yet significant stake with India Equity Partners. In the next 3-6 months, the funds are expected to be generated. Currently, ColdEX is recording a revenue to the tune of Rs. 200 crore and aims to grow at the rate of 35 per cent. Their clientele includes Burger King, Starbucks and Yum!

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