General Atlantic LLC (GA) has completed an investment in logistics company Fourcee Infrastructure Equipments Private Ltd. General Atlantic will become a minority shareholder in the company and will join the board of directors.
Fourcee Infrastructure Equipments Private Limited is in the business of providing bulk logistic solutions in specialized tank trailers and equipment in a cost efficient manner. It caters to the Indian metals, manufacturing and specialty chemicals industries. Fourcee provides an end-to-end full service of the logistics chain to the customers all the way from the manufacturer’s pick-up location to the drop-off point at the customer’s premises.
“We welcome this investment from General Atlantic. We plan to invest this capital in strategic operating assets to enhance the value proposition for our customers and help them drive better supply chain efficiencies. General Atlantic understands the tremendous need for infrastructure development in India and brings to the table a global set of relationships that will be very valuable to us as we continue to expand,” says Rajesh Lihala, Chairman and co-founder of Fourcee. “We greatly value the expertise GA will add and look forward to a strong partnership.”
“Logistics and transportation for important products are key strategic elements for India’s infrastructure development and continued growth,” says Ranjit Pandit (pictured), managing director at GA who will be joining the board of Fourcee. “Fourcee is highly experienced in the movement of various specialty chemicals and liquid commodities and is well-positioned to serve its customers as they contribute to building India.”
Since its founding in 1980, General Atlantic has been an active investor globally with a strong presence in India. Current investments in India include Asian Genco, IndusInd, Infotech, and Jubilant, among others. GA focuses on providing growth equity globally to leading businesses in the following sectors: energy and resources; healthcare; business services; financial services; internet and technology; and emerging markets consumer.
