Japanese logistics company KRS Corporation has acquired a majority stake in India-based cold-chain logistics provider Coldrush Logistics for an undisclosed amount, with DSK Legal and Nagashima Ohno & Tsunematsu advising on the transaction.
The deal comprises a primary subscription by KRS for newly issued shares in Coldrush and a secondary purchase of shares from existing shareholder Hydra Commercial Investments, a UAE-based investment entity.
KRS, which is listed on the Tokyo Stock Exchange, provides warehousing, transportation, freight forwarding, customs clearance and other logistics services. The company also operates temperature-controlled logistics services across its network.
The acquisition expands KRS’s presence in the temperature-controlled logistics segment and strengthens its exposure to India’s cold-chain market.
Coldrush Logistics provides temperature-controlled warehousing and transportation services in India. Hydra Commercial Investments, established in 2007, is registered with the Abu Dhabi Department of Economic Development and the Abu Dhabi Chamber of Commerce and Industry.
DSK Legal acted as transaction counsel, with managing partner Anand Desai and partner Abhishek Singh Baghel serving as lead and engagement partners, respectively. The deal team included partners Baghel and Sharath Chandrasekhar, associate partner Aravind Karunakaran, senior associates Shivam Sharma, Devraj Sood and Srinandini Kar, and associates Vanshika Rana and Ishika Agarwal.
Resident partner Vinodh Kumar and associate partner Rathin Somnath advised on the UAE aspects of the transaction.
Nagashima Ohno & Tsunematsu acted as lead transaction counsel and Japanese counsel to KRS.
