SSG Capital Management Agrees to Acquire a 40 Percent Stake in Future Supply Chain Solutions (Asia)
Source: Future Retail
Asia-focused asset management firm SSG Capital Management has agreed to acquire a 40 percent stake in India-based supply chain and logistics company Future Supply Chain Solutions for up to INR5.8 billion (approximately US$87 million) from parent company Future Retail and Li & Fung Group’s private equity arm Fung Capital. Fung Capital will sell its entire 26 percent stake while Future Retail will sell a 14 percent stake. The transaction is subject to regulatory approval.