Michael Sabia, President and Chief Executive Officer, CDPQ, said, "Efficiency in delivering goods to customers is a key driver of business performance. TVS Logistics is well positioned to seize growth opportunities resulting from recent tax reforms in India and global demand for state-of-the-art logistics services. CDPQ's strategy is to identify world-class management teams and to support them over the long term. This is precisely what we intend to do with TVS Logistics as it expands in its home market and abroad."

Sanjeev Mehra, Goldman Sachs' representative on the board of TVS LSL, said, "We have been privileged to partner with Dinesh and the TVS Group as their first private equity investor. During our eight year long partnership together, we have successfully scaled the company, added new services and geographic capabilities. Goldman Sachs is proud to have been part of this transformation and growth in creating an Indian champion through one of our first investments in India."

Sanjay Nayar, Member & CEO of KKR India, said, "We are proud to have worked alongside the TVS Logistics team in this partnership to enable several game-changing acquisitions across geographies. This expanded their service offerings and capabilities globally. With this unique platform, we are confident TVS will experience continued success with CDPQ."

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