Posted on 07 February, 2013
Zephyr Peacock invests in small and medium sized enterprises operating across financial services, food and agriculture, and infrastructure ancillaries sectors. The Fund invested in 20Cube Logistics, an emerging-markets focused, asset-light, digital logistics company with offerings in air and sea freight forwarding, warehousing services and third party logistics (3PL)
Below is an excerpt from the post that first appeared on VCCircle on 7 January 2013:
Emerging markets-focused and asset-light logistics company 20Cube Logistics Pte Ltd has raised $17 million (Rs 90 crore) from Zephyr Peacock and Singapore-based private equity fund Credence Partners.
Chennai-headquartered 20Cube specialises in international transportation and contract logistics services. Currently, the company has presence in India, Sri Lanka, Bangladesh, Malaysia, Singapore, China, Australia, UAE and Uganda.
“Logistics-related activities in the emerging markets are growing rapidly due to strong GDP growth and a shift in the global trade lanes from developed markets to emerging markets,” said Sachin Maheshwari, director at Zephyr Peacock India.
According to him, with 20Cube’s presence in India and other emerging markets and its strong focus on information technology, it is well positioned to benefit from this opportunity.
“The founders and management team have worked together for many years and are very experienced logistics professionals. We are impressed with their passion for the business and their excellent execution track record,” said Tan Chow Boon, managing partner at Credence Partners Pte Ltd.
Zephyr Management is a global emerging markets investment manager, specializing in the creation and management of highly focused private equity funds
Since its inception in 1994, Zephyr has sponsored 22 investment funds in both public and private securities markets representing approximately $1.2 billion in combined commitments and assets under management
Emerging Markets Focus
The firm has initiated several private equity funds investing in several African countries, South Korea, Mexico, India, and Sri Lanka since its founding. Zephyr's funds serve medium size enterprises that are often ignored by larger private equity players. Zephyr funds provide growth capital to established companies with proven business models and sustainable competitive advantages.
Investment activities are currently focused on India, Sri Lanka and Africa.
Zephyr Peacock India
Zephyr Peacock India provides equity financing for fast growing, small to medium sized companies led by strong entrepreneurs and management teams.Read More
Emerald Sri Lanka Fund
Emerald Fund provides equity financing for fast growing, small to medium sized (SME) Sri Lankan companies led by strong entrepreneurs & management teams.Read More
Zephyr Acorn provides equity
Zephyr Acorn provides equity financing and business support to innovative early-stage companies in East Africa.Read More
Active Portfolio Support
The firm's special expertise lies in bringing global best practices to medium-sized growing companies by assisting them in conceptualizing sustainable business strategy, management development, compensation, ESG, expansion outside of their home country, capital structure and positioning for stock exchange listing or trade sale.