Caisse de dépôt et placement du Québec along with TVS family members and Management entered into an agreement to acquire a 42.2% stake in TVS Logistics Services Limited from Goldman Sachs Group, Merchant Banking Division and KKR & Co. L.P. (NYSE:KKR) for INR 9.9 billion on October 19, 2016. Under this agreement, Caisse de dépôt et placement du Québec will invest over INR 10 billion to acquire a major portion of the joint stake in TVS Logistics Services with remaining being acquired by the TVS family members and management. The transaction is subject to the approval by respective Boards and by the Competition Commission of India (CCI). As on December 30, 2016, the Competition Commission of India approved the transaction. Goldman Sachs acted as financial advisor for Goldman Sachs Group, Merchant Banking Division. Vaidhyanadhan Iyer, Ashwin Ramanathan and Medha Marathe of AZB & Partners acted as legal advisors to KKR & Co. L.P. and JM Financial acted as financial advisor to Goldman Sachs Group and KKR. J. Sagar Associates acted as legal advisor to TVS. Roddy Martin, Tony Damian, Marc Perkins, Paul Hartley, Stacia Super, and Emma Rudd of Herbert Smith LLP and Cyril Shroff, Ruetveij Pandya, Bharat Budholia and Anshuman Sakle of Cyril Amarchand Mangaldas acted as legal advisors to Caisse de dépôt et placement du Québec. Herbert Smith Freehills London and Norton Rose Fulbright New York assisted in conducting due diligence for the offshore aspects of the transaction. Katie Sudol of Simpson Thacher acted as legal advisor for Kohlberg Kravis & Roberts & Co. L.P. All conversions are done through www.oanda.com as on October 19, 2016. Caisse de dépôt et placement du Québec along with TVS family members and Management completed the acquisition of a 42.2% stake in TVS Logistics Services Limited from Goldman Sachs Group, Merchant Banking Division and KKR & Co. L.P. (NYSE:KKR) on January 11, 2017.