Kedaara Capital invests Rs200 crore in Parksons Packaging, India

Wednesday, Mar 18, 2015

Private equity (PE) firm Kedaara Capital has invested Rs.200 crore in Parksons Packaging Ltd, a manufacturer of folding cartons and paper packaging, it said in a statement on Tuesday.

This is Kedaara’s maiden investment in the packaging sector. Earlier in April 2014, the PE fund had acquired 23% stake in Mahindra Logistics Ltd for Rs.200 crore. In December the fund had also invested in financial services firm Au Financiers India Ltd.

Founded in mid 1990s by the family of Ramesh Kejriwal, Parksons supplies folding cartons and other paper packaging solutions to over 100 customers across different end segments such as food and beverages, home and personal care, pharmaceuticals and quick service restaurants. Parksons has three manufacturing facilities across northern and western India and has built a design capabilities centre.

“Their partnership model, strong industry networks, and unique understanding of the consumer and healthcare industry, will add significant value to Parksons and help further strengthen our position as India’s most preferred and innovative paper packaging solutions provider,” said Kejriwal, chairman of Parksons.

“We believe this is an opportune time to invest in the Indian packaging sector, with Parksons being especially well-positioned to benefit from the growth in the Indian consumption story,” said Manish Kejriwal and Sunish Sharma, managing partners of Kedaara Capital Advisors Llp in the statement.


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