Aegis Logistics Limited has acquired an 89.8% stake in Tristar Holdings Limited for a consideration of $809 million.

Veritas Legal advised Aegis Logistics on this acquisition.

The transaction team consisted of Abhijit Joshi (Founding & Managing Partner), Rustam Mulla (Senior Partner), Kunal Doshi (Senior Partner), Kanisha Vora (Partner), Jhinook Roy (Partner & Head - Projects, Infrastructure and Finance) and Aditya Thakore (Principal Associate). They were supported by the following:

Due diligence team: Parshva Doshi, Aditya Macedo, Avantika Mehndiratta, Hriday Chokshi, Vanshika Katiyar, Afrrin Advani, Aryan Mehta, Himani Choudhary, Karan Dhoria, Pratham Gupta, Sumanyu Mohanty, Nived Sharma, Naznin Fakih, Clarissa D’Lima, Kinjal Baug and Rutvi Doshi.

Antitrust team: Zenia Cassinath (Partner) and Abhay.

Norton Rose Fulbright also advised Aegis Logistics on this acquisition.

Freshfields advised Tristar Group and its shareholders on this acquisition.

The transaction team was led by Pervez Akhtar (Partner, Global M&A and Capital), with support from André van Zyl Gow (Counsel), Nalothiya Nambirajah (Senior Associate), Associates Andrea Pandazopoulos & Sahal Suleman.

Tristar Holdings is a Middle East-based integrated liquid logistics company with operations across more than 30 jurisdictions.

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