Deloitte supports D P Logistics in the acquisition of Logicare (Pvt) Ltd

Deloitte Sri Lanka advised D P Logistics (Private) Limited, the logistics cluster of the David Pieris Group of Companies, on its strategic acquisition of Logicare (Private) Limited from Ceylon Tea Brokers PLC. According to disclosures made to the Colombo Stock Exchange, the transaction, valued at LKR 1.3 billion was made up of an LKR 635.3 million direct purchase consideration (and balance in assuming existing debt), that was formalised through a Share Sale and Purchase Agreement signed on 30 October 2025.

Logicare, established as a fully owned subsidiary of Ceylon Tea Brokers PLC in 2017, has been a notable player in providing integrated logistics and warehousing solutions. Deloitte’s Strategy, Risk and Transactions team supported D P Logistics through the buy-side process by performing a full scope Financial Due Diligence and a full scope Tax Due Diligence. Led by Ravidu Gunasekera, Partner - Strategy Risk and Transactions, Deloitte Sri Lanka and Maldives; and Damith Gayan Wakishta, Partner – Tax, Deloitte Sri Lanka, the due diligence enabled D P Logistics to assess key financial and tax considerations associated with the acquisition.

Deloitte was pleased to have supported D P Logistics on this significant transaction. The firm’s objective was to bring clarity and insights through a robust due diligence process, enabling the client to make informed decisions as it continues to strengthen its position in the logistics and supply chain sector.

Deloitte remains committed to supporting clients across Sri Lanka as they navigate complex transactions and pursue opportunities for growth.

Source: Adaderana