Advent International, one of the largest and most experienced global private equity investors, Kedaara Capital, one of the largest home-grown domestic private equity investors, and Manjushree Technopack has announced that Advent has invested in Manjushree Technopack Ltd., India\u2019s largest rigid plastic packaging solution provider, in partnership with the founding Kedia family. As part of the transaction, Advent purchased all the shares owned by Kedaara Capital and a portion of the Kedia family\u2019s stake in Manjushree Technopack.<\/p>\n
Manjushree\u2019s Founder and Managing Director, Vimal Kedia, and the rest of the company\u2019s senior management team will remain closely involved in the business. Financial terms of the transaction were not disclosed.<\/p>\n
\u201cManjushree Technopack is the market leader in an industry with strong growth tailwinds,\u201d said Shweta Jalan, Managing Director and Head of India for Advent International. \u201cThe rigid plastic packaging market is expected to expand 15% per year over the next five years, driven by underlying growth in consumer end markets, the continued shift from glass and paper to plastic packaging and the introduction of new products.\u201d<\/p>\n
Pankaj Patwari, a Director at Advent International, added: \u201cWe see significant opportunities to accelerate Manjushree\u2019s growth by investing in innovation and new business development, expanding into adjacent geographies, segments and business lines, and acquiring other packaging companies.\u201d<\/p>\n
Vimal Kedia of Manjushree Technopack said, \u201cWe appreciate the support we\u2019ve received from Kedaara over the past three years in promoting new business development, strengthening the management team, streamlining sales management processes and driving geographic expansion to build a pan-India presence. Now, we look forward to partnering with Advent, a leading global investor with strong knowledge of the Indian market and experience in the consumer packaging sector. With the Indian rigid packaging industry expected to double over the next few years, we will look to further strengthen our foothold. Through our new partnership, we will focus on consolidating our leadership position and taking the company to new growth levels.\u201d<\/p>\n
Sunish Sharma and Manish Kejriwal, Managing Partners of Kedaara Capital Advisors LLP, commented: \u201cWhen Kedaara invested in Manjushree, we saw a unique and scaled consumer derivative play backed by a high-quality management team in the fragmented rigid packaging industry. We saw the potential for us to work closely together and build Manjushree into one of India\u2019s leading brands in the packaging industry. During our investment term, the business continuously outgrew the Indian consumer and packaging sector and generated significant value for Kedaara and its investors. It is today positioned to further strengthen its dominance as India\u2019s largest rigid plastics packaging solution provider.\u201d<\/p>\n
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Advent International, one of the largest and most experienced global private equity investors, Kedaara Capital, one of the largest home-grown domestic private equity investors, and Manjushree Technopack has announced that Advent has invested in Manjushree Technopack Ltd., India\u2019s largest rigid plastic packaging solution provider, in partnership with the founding Kedia family. As part of the […]<\/p>\n","protected":false},"author":3,"featured_media":2462,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8],"tags":[2022,2138,2136,2135,2023,2134,2024,2137],"class_list":["post-2461","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-india-inc","tag-advent-international","tag-dairy-and-edible-oil","tag-food-and-beverages","tag-home-care-and-personal-care-products","tag-kedaara-capital","tag-kedia-family","tag-manjushree-technopack","tag-pharmaceuticals"],"aioseo_notices":[],"yoast_head":"\n