M&A Deal Summary

Warburg Pincus Acquires Parksons Packaging

On April 26, 2021, private equity firm Warburg Pincus acquired packaging company Parksons Packaging from Kedaara Capital

Acquisition Highlights
  • This is Warburg Pincus’ 3rd transaction in the Packaging sector.
  • This is Warburg Pincus’ 42nd transaction in India.

M&A Deal Summary

Date 2021-04-26
Target Parksons Packaging
Sector Packaging
Buyer(s) Warburg Pincus
Sellers(s) Kedaara Capital
Deal Type Secondary Buyout

Target

Parksons Packaging

Mumbai, India
Parksons Packaging is a manufacturer of folding paperboard cartons. It is an end-to-end packaging solutions provider, meeting packaging requirements from conceptualization to product delivery. The markets targeted by Parksons include the food, FMCG and pharma sectors as well as the emerging high growth sectors like apparel, beverages and mobile handsets. Parksons Packaging was founded in 1996 and is based in Mumbai, India.

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Buyer(S) 1

Buyer

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 440 of 492
Sector: Packaging M&A 3 of 3
Type: Secondary Buyout M&A Deals 57 of 70
Country: India M&A 42 of 49
Year: 2021 M&A 7 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-25 Alignment Healthcare

Orange, California, United States

Alignment Healthcare provides healthcare management services to providers, health plans, and hospitals. The company offers an end-to-end continuous care program, including clinical care coordination, risk management capabilities, and IT enablement. Alignment Healthcare was incorporated in 2013 and is headquartered in Orange, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-10 Embassy Industrial Parks

Bangalore, India

Embassy Industrial Parks is a logistics real estate platform focused on developing large and modern institutional-quality facilities and industrial sheds across key Indian cities. The company targets customers in sectors such as 3P logistics services, e-commerce, FMCG, apparel and retail, pharma and automobile components. Embassy Industrial Parks is based in Bangalore, Karnataka.

Sell Rs52.5B

Seller(S) 1

SELLER

Kedaara Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
PE ASSETS 5.6B USD
Size Mega
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 7 of 12
Sector: Packaging M&A 2 of 2
Type: Secondary Buyout M&A Deals 2 of 2
Country: India M&A 7 of 11
Year: 2021 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Universal NutriScience

Mumbai, India

Universal NutriScience is a Nutraceutical company, focused on making a major difference in lives of people by bringing in Nutraceutical & Lifestyle products. Universal NutriScience was founded in 2021 and is based in Mumbai, Maharashtra.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-14 Vijaya Diagnostic Centre

Hyderabad, India

Vijaya Diagnostic Centre is a comprehensive diagnostic network with over 66 state-of-the-art centers spread across 12 cities. The company provides comprehensive, innovative and state-of-the-art diagnostic services under one roof, in a reliable, affordable and customer-centric manner. Vijaya Diagnostic Centre was founded in 1981 and is based in Hyderabad, Telangana.

Sell -