M&A Deal Summary

Advent International Acquires Manjushree India

On October 11, 2018, private equity firm Advent International acquired packaging company Manjushree India from Kedaara Capital

Acquisition Highlights
  • This is Advent International’s 3rd transaction in the Packaging sector.
  • This is Advent International’s 5th transaction in India.

M&A Deal Summary
Date 2018-10-11
Target Manjushree India
Sector Packaging
Buyer(s) Advent International
Sellers(s) Kedaara Capital
Deal Type Secondary Buyout

Target

Manjushree India

Bengaluru, India
Manjushree India is a manufacturer and seller of folding cartons and paper packaging in the highly fragmented packaging sector. Manjushree has three manufacturing facilities (Daman, Chakan, and Pantnagar) to provide pan India support, and caters to a well-diversified base of marquee customers across different end segments including F&B, HPC, Pharmaceuticals, QSR, and Industrial. Manjushree India was founded in 1996 and is based in Bengaluru, India.

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Buyer(S) 1

Buyer

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 265 of 340
Sector (Packaging) 3 of 3
Type (Secondary Buyout) 42 of 53
Country (India) 5 of 15
Year (2018) 10 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-08 Genoa Healthcare

Tukwila, Washington, United States

Genoa Healthcare LLC is a behavioral health specialty pharmacy company. Dedicated to serving the needs of those in the behavioral health and addiction treatment communities, and others who have complex, chronic health conditions, Genoa Healthcare is the largest provider of pharmacy, outpatient telepsychiatry and medication management services

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-30 noosa

Bellvue, Colorado, United States

noosa is a manufacturer and marketer of premium whole-milk, Australian-style yogurt products, known for its rich, creamy texture and unique flavors. noosa was founded in 2009 and is based in Bellvue, Colorado.

Sell -

Seller(S) 1

SELLER

Kedaara Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2011
Size Small
Type Sector Agnostic
DESCRIPTION

Kedaara Capital is an operationally oriented private equity firm focused on control and select minority investments in India. The Firm is a generalist investor, with no sector preferences and looks to commit $25 to $75 million per transaction. The Firm does not invest in seed or early stage companies or in businesses where the market is unproven. Kedaara Capital was established 2011 and is headquartered in Mumbai.

DEAL STATS #
Overall 5 of 9
Sector (Packaging) 1 of 2
Type (Secondary Buyout) 1 of 2
Country (India) 5 of 9
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-25 Aavas Financiers

Jaipur, India

Aavas Financiers is a non-banking finance company involved in providing house loans, primarily in the un-served, unreached and under-served market. Aavas Financiers was formed in 2011 and is based in Jaipur, India.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-16 Avanse Financial Services

Mumbai, India

Avanse Financial Services is a technologically advanced, education-focused NBFC to provide seamless and affordable education financing for Indian students. Their financial solutions cover the entire gamut of the education ecosystem ranging from school education to post-graduation & education infrastructure financing. Avanse Financial Services was founded in 2013 and is based in Mumbai, India.

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