Warburg Pincus acquires majority stake in Parksons Packaging under the guidance of AZB & Partners
Warburg Pincus acquires majority stake in Parksons Packaging under the guidance of AZB & Partners Green Fin Investments B.V. – an affiliate of Warburg Pincus LLC (Warburg Pincus) has acquired significant majority stake in Parksons Packaging Limited (Parksons Packaging). As part of the transaction, existing private equity investors, Kedaara Capital AIF 1 and Olza Holdings Limited and...
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Warburg Pincus acquires majority stake in Parksons Packaging under the guidance of AZB & Partners
Green Fin Investments B.V. – an affiliate of Warburg Pincus LLC (Warburg Pincus) has acquired significant majority stake in Parksons Packaging Limited (Parksons Packaging).
As part of the transaction, existing private equity investors, Kedaara Capital AIF 1 and Olza Holdings Limited and IIFL, have fully exited their investment in Parksons and the Kejriwal family ("Founder Family") has sold a partial stake. Ramesh Kejriwal, Siddharth Kejriwal and Chaitanya Kejriwal will continue to retain their current positions of Chairman, Managing Director and Joint Managing Director, respectively, and will drive the business going forward.
Parksons was founded in 1996 and is India's largest independent folding carton manufacturer with a highly diversified product portfolio. Parksons serves over 300 customers across several industries including FMCG, Pharmaceuticals, Retail and Electricals in domestic as well as international markets.
Warburg Pincus LLC is a leading global growth investor. The firm has more than $60 billion in private equity assets under management. The firm's active portfolio of more than 200 companies is highly diversified by stage, sector, and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 19 private equity funds, which have invested more than $90 billion in over 930 companies in more than 40 countries.
AZB & Partners advised Warburg Pincus in the transaction. The team involved consisted of Partners – Anil Kasturi, Akhilesh Rai, Niladri Maulik and Anisha Shridhar and Senior Associates – Sugandha Bhatia and Toshit Shandilya.
