Bain Capital looks to buy Indian carton maker Parksons for $400 million

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