Deal Closed | Veritas Legal | Warburg | Parksons Packaging Limited
Veritas Legal 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
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
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