Deloitte Sri Lanka has provided strategic advisory services to D P Logistics (Private) Limited, the logistics division of the David Pieris Group of Companies, in its 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, consisted of an LKR 635.3 million direct purchase consideration, with the remaining amount covered through the assumption of existing debt. This acquisition was formalized with the signing of a Share Sale and Purchase Agreement on October 30, 2025.
Logicare, originally established in 2017 as a wholly owned subsidiary of Ceylon Tea Brokers PLC, has been recognized for offering integrated logistics and warehousing solutions. Deloitte’s Strategy, Risk, and Transactions team assisted D P Logistics throughout the acquisition process by conducting comprehensive Financial Due Diligence and Tax Due Diligence. This effort was led by Ravidu Gunasekera, Partner – Strategy, Risk and Transactions at Deloitte Sri Lanka and Maldives, along with Damith Gayan Wakishta, Partner – Tax at Deloitte Sri Lanka. The due diligence process was crucial for D P Logistics to evaluate key financial and tax aspects related to the acquisition.
Deloitte expressed satisfaction in supporting D P Logistics with this significant transaction. The firm’s goal was to provide clarity and insights through a thorough due diligence process, enabling the client to make informed decisions as it seeks to strengthen its footprint in the logistics and supply chain sector.
Deloitte remains dedicated to assisting clients throughout Sri Lanka as they navigate complex transactions and seek growth opportunities.
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