India: Bain Capital sells stake in India's JM Baxi Ports & Logistics to Hapag-Lloyd

Published on Feb 2, 2023

AZB & Partners is acting for Bain Capital on its exit from JM Baxi Ports and Logistics Limited (“JM Baxi”). Hapag-Lloyd will be acquiring shares from Bain Capital and coming into in JM Baxi as a comprehensive strategic partner. This would be Bain’s first “private” exit in India.