American private equity (PE) firm Warburg Pincus on Monday said its affiliate Green Fin Investments BV has acquired a majority stake in Parksons Packaging Ltd, it said in a statement. As part of the transaction...
Promoters of packaging firm Polyplex plan to exit via ₹1,500 crore stake sale
Businessman Sanjiv Saraf and his family aim to sell their promoter holding in Noida-based polyester film making firm Polyplex Corp. Ltd for at least ₹1,500 crore. The sale comes as the equity market reflects a premium...
JM Financial’s PE fund invests ₹60 crore in packaging company Canpac Trends
JM Financial Private Equity has invested ₹60 crore in Canpac Trends Pvt. Ltd, Mumbai, a Gujarat-based folding carton and packaging solutions company, the PE fund said in a statement. This is the seventh investment by JM...
Jindal Poly Films plans sale of minority stake to raise about Rs 1,200 cr
Packaging solutions provider Jindal Poly Films (JPFL) is exploring the sale of a significant minority stake to raise as much as Rs 1,000-Rs 1,200 crore, as the BC Jindal group company looks to take advantage of frenzied...
Finnish Co Huhtamäki Oyj, Warburg in race for carton maker Parksons
Finnish packaging materials major Huhtamäki Oyj and private equity firm Warburg Pincus are the final two contenders to acquire a controlling stake in India’s largest independent folding carton manufacturer Parksons...
Bain in talks to acquire Parksons for ₹3,000 cr
Bain Capital is in talks to buy Daman-based Parksons Packaging Ltd for more than ₹3,000 crore, two people aware of the discussions said, as the US private equity firm plots to bolster its portfolio of packaging...
Blackstone to sell Essel Propack shares worth $251 mn
The world’s biggest alternative asset manager Blackstone is looking to sell a large chunk of its shareholding in packaging firm Essel Propack Ltd through block trades, which could fetch the investor as much as $251...
Mauritius-based PE firm invests ₹250 crore in Shriji Polymers
Malaysia-based private equity firm Creador, managing assets worth $1.5 billion, has invested ₹250 crore in Indian pharmaceutical packaging firm Shriji Polymers (India) Ltd. Shriji’s product portfolio includes high...
Manjushree Technopack bets big on inorganic growth, eyes acquisitions
Plastic packaging company Manjushree Technopack Ltd (MTL) is betting big on inorganic growth plans as the Advent International-backed firm aims to treble the revenue to around Rs 3,000 crore over the next three years...
Denmark packaging company Hartmann acquires Mohan Fibre
Denmark’s Brødrene Hartmann A/S, a manufacturer of moulded fibre packaging for eggs and fruits, on Thursday announced the acquisition of Mohan Fibre Products Pvt. Ltd, marking its entry into India. Punjab-based Mohan...
Bizongo raises funds in round led by Switzerland’s Schroder Adveq
Bizongo, an online marketplace for packaging products, on Monday said it has raised $30 million in a Series C funding round, led by Swiss hedge fund Schroder Adveq. Bizongo raised $22 million as part of its Series B...
Manjushree plans to fast track growth via M&A
Private equity firm Advent International-backed Manjushree Technopack Ltd has outlined a strategy to increase sales through acquisitions, a senior executive said. In October 2018, Advent International acquired a...
