Advent International backed Manjushree Technopack Limited (MTL), one of India’s largest packaging companies, on Monday announced the acquisition of Classy Kontainers, India’s largest custom-molded rigid packaging...
Premji Invest acquires a significant stake in SB Packagings
Premji Invest, the investment arm of Azim Premji’s endowment and philanthropic initiatives, has acquired a significant stake in SB Packagings, a manufacturer of flexible packaging for hygiene segment. The quantum...
Austria’s B&C buys packaging maker Schur Flexibles in 900 million euro deal
Austrian investor B&C Group said on Monday it has agreed to buy an 80% stake in Schur Flexibles from buyout group Lindsay Goldberg in a deal valuing the packaging maker at 900 million euros ($1.09 billion)...
Domtar confirms merger talks with Paper Excellence
U.S. paper and packaging company Domtar Corp confirmed on Tuesday it has been in merger talks with Canadian rival Paper Excellence, adding there was no guarantee that the negotiations will lead to a deal. Bloomberg...
Warburg acquires controlling stake in Parksons Packaging
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...
