Bain Capital sells maritime logistics co stake to Hapag-Lloyd

An affiliate of global private investment firm Bain Capital Private Equity has sold its stake in diversified maritime logistics player J M Baxi Ports & Logistics to German shipping and container transportation company Hapag-Lloyd. 

An affiliate of global private investment firm Bain Capital Private Equity has sold its stake in diversified maritime logistics player J M Baxi Ports & Logistics (J M Baxi) to German shipping and container transportation company Hapag-Lloyd. 

Financial terms of the private transaction have not been disclosed.

The transaction follows a two-year investment by the Bain Capital Private Equity affiliate which helped J M Baxi expand its port capacity and logistics units. 

The closing of the transaction is subject to approval by the relevant authorities. Credit Suisse acted as exclusive financial advisor to J M Baxi. Credit Suisse and Kotak Investment Bank acted as financial advisors to Bain Capital Private Equity.