Global private equity fund Warburg Pincus has acquired a majority stake in Parksons Packaging Limited, India’s largest independent folding carton manufacturer.

The details of the deal are as follows:

Practice Area(s) : Private Equity and M&A

Sector (s) Packaging: Start Date of Matter- 24th September 2020

Date of Announcement: 26th April 2021

Completion Date: 22nd April 2021

Name of the Client: Parksons Packaging Limited and its Promoters, Kedaara Capital and IIFL

Target: Parksons Packaging Limited

Deal Description:  Acquisition of majority stake of the Target by Warburg Pincus

Role of the Firm: Acted for and advised Target and the existing shareholders (including the promoter group, Kedaara Capital and IIFL) in their divestment and exit from the Target

Total Consideration: CONFIDENTIAL

Concerned Partners: Nandish Vyas and Tushar Raut

Concerned Senior Associates & Associates: Roshni Rathi - Senior Associate; Tanay Chopra – Associate; Sanket Pargaien - Associate 

Due Diligence Team comprising of: Tejas Shah – Associate; Nainaaz Irani – Associate; Gunsaheb Singh – Associate;  Anish Patel - Associate; Rohini Jaiswal- Associate; Vritti Shah – Associate;  Varun Marwah – Associate

Other related Legal Advisors and Whom they are Advising: AZB & Partners for Warburg Pincus