PAG picks majority stake in Manjushree Technopark
The New Indian Express|November 23, 2024
PAG, a Hong Kong-based alternative investment firm, has reportedly bought a majority stake in Bengaluru-based rigid plastic packaging player Manjushree Technopack from US private equity firm Advent International, according to foreign media reports.
PAG picks majority stake in Manjushree Technopark

The deal has been signed for an enterprise value of close to $1 billion.

Advent invested in Manjushree Technopack in 2018. The US-based PE fund was looking for an exit from the company.

Binny will be missed!" He said Sabharwal has an incredible depth of understanding of India's macro economy. "Coupled with his leadership in shaping India's policies for education, employment, and employability will be invaluable as PhonePe continues to work ahead towards our shared vision of a Viksit Bharat by 2047," he added.

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