U.S. TLC nears to collect $400 mln funding from SE Capital Partners

U.S.-based transportation specific risk management company TLC Co. is nearing to raise about $400 million in an equity funding.

The investments will come from SE Capital Partners LLC through its joint venture with U.S. investment firm Berggruen Holdings, Berggruen/SE Capital Holdings (BSECP).

With the funds, TLC expects to further invest in sales, marketing, and information technology infrastructure.

Moreso, Berggruen Holdings noted that it is seeking to continue to build out its investment portfolio in partnership with SE Capital and with additional niche market leaders like TLC.