DSK Legal and Nagashima Ohno & Tsunematsu advised Japanese logistics provider KRS Corporation on acquiring a majority stake in Coldrush Logistics for an undiclosed amount.
The transaction involves KRS conducting a primary subscription to Coldrush-issued shares and a secondary purchase of stock from existing shareholder UAE-based Hydra Commercial Investments.
Managing partner Anand Desai and partner Abhishek Singh Baghel were the lead and engagement partners, respectively.
The deal team comprised partners Baghel and Sharath Chandrasekhar, associate partner Aravind Karunakaran, senior associates Shivam Sharma, Devraj Sood and Srinandini Kar, as well as 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.KRS is a Japan-based logistics company listed on the Tokyo Stock Exchange, primarily engaged in warehousing, transportation, freight forwarding, customs clearance and other logistics-related services. KRS operates an extensive logistics network, including temperature-controlled logistics services.
Coldrush is an India-based cold-chain logistics company providing temperature-controlled warehousing and transportation services.
Hydra is a UAE-based investment entity established in 2007 and registered with the Abu Dhabi Department of Economic Development and the Abu Dhabi Chamber of Commerce and Industry. It was established as an investment vehicle of the UAE-based Royal Group to invest in, establish and manage commercial enterprises.
