Ports & Logistics Platform
In line with its strategy to set up platform companies in partnership with leading strategic operators, the Master Fund has formed a USD 3 billion ports and logistics platform, Hindustan Infralog Private Limited (HIPL) in partnership with DP World. DP World is amongst the largest container terminal operators globally and the largest player (by volume) in the Indian container terminal market.
HIPL seeks to invest up to USD 3 billion of equity across the entire ports and logistics value chain. The initial focus of the platform will be on acquiring stable businesses with a strong growth potential and seek to scale those businesses with a combination of capital, operational expertise and relationships with global customers.
HIPL’s first investment is the acquisition of a controlling stake in Continental Warehousing Corporation (CWC), a leading multi-modal logistics company with a Pan-India presence.