Acquisition History / PAG / Manjushree Technopack Ltd (97%)
PAG Acquires Manjushree Technopack Ltd (97%)
Announced November 22, 2024 — $1B
What happened
Hong Kong-headquartered private equity firm PAG agreed to buy Advent International's controlling holding in Manjushree Technopack at an enterprise value of close to $1 billion, ending a planned IPO of the company. Founded in 1983 and based in Bengaluru, Manjushree is India's largest rigid plastic packaging maker with 23 plants and more than 50 patents and designs. Advent had invested in 2018.
- Acquirer
- PAG
- Target
- Manjushree Technopack Ltd (97%)
- Announced
- November 22, 2024
- Price
- $1B
- Industry
- Rigid plastic packaging
- Buyer type
- Private equity
- Backing investors
- Advent International (seller)
- Status
- Announced, not yet closed
By the numbers
Frequently Asked Questions About This Acquisition
When did PAG acquire Manjushree Technopack Ltd (97%)?
PAG acquired Manjushree Technopack Ltd (97%) on November 22, 2024. This was PAG's 1st publicly tracked acquisition out of 1 we have on record.
How much did PAG pay for Manjushree Technopack Ltd (97%)?
PAG paid $1B for Manjushree Technopack Ltd (97%).
What does Manjushree Technopack Ltd (97%) do?
Hong Kong-headquartered private equity firm PAG agreed to buy Advent International's controlling holding in Manjushree Technopack at an enterprise value of close to $1 billion, ending a planned IPO of the company. Founded in 1983 and based in Bengaluru, Manjushree is India's largest rigid plastic packaging maker with 23 plants and more than 50 patents and designs. Advent had invested in 2018.
What other Rigid plastic packaging companies has PAG acquired?
Manjushree Technopack Ltd (97%) is PAG's only publicly tracked acquisition in Rigid plastic packaging so far.