Private equity fund Asia Climate Partners has picked up India Equity Partners’ minority stake in Gwalior-based cold chain logistic company ColdEX Logistics..AZB & Partners acted for Asia Climate Partners with a team led by Partner Gautam Saha..VERUS acted for Coldex and its promoters with a team led by Partner Siddharth Bhavnani and Associate Anubhav Acharya..ColdEX is one of the largest players in the country’s cold chain logistics sector. Mumbai-headquartered PE fund India Equity Partners had bought the minority stake in ColdEX in 2010 for close to $10 million, or about Rs 45 crore, reports ET..ColdEX is now planning to invest about Rs 250 crore in the coming years for expansion.
