Bain Capital LP is seeking to acquire India-based folding carton company Parksons Packaging Ltd. for more than 30 billion rupees, Mint reported, citing two people aware of the talks.
The U.S. private equity firm is in advanced stages of talks for the planned acquisition, which would mark an exit for Mauritius-based investor and Parksons minority shareholder Kedaara Capital Investment Managers Ltd., one of the sources said.
Credit Suisse is Parksons’ investment banker for the potential deal, which could be finalized in the next three months, the people said.
Bain and Parksons did not respond to email queries from Mint.
Source: S&P Global
Can’t stop reading? Read more
Blackstone exits NIBC as ABN AMRO moves to strengthen Dutch mortgage and savings business
Blackstone exits NIBC as ABN AMRO moves to strengthen Dutch mortgage and savings business ABN AMRO...
INVL Private Equity expands into Estonia with 75% acquisition of EKT
INVL Private Equity expands into Estonia with 75% acquisition of EKT INVL Private Equity Fund II...
Blackstone backs Permira’s £2.3bn JTC buyout with £1.5bn private credit package
Blackstone backs Permira’s £2.3bn JTC buyout with £1.5bn private credit package Blackstone has led...