Advent agrees to sell Indian packaging firm to PAG for close to $1 billion, sources say

Quick Summary:

HONG KONG : U.S.private equity firm Advent International has signed a deal to sell Indian packaging company Manjushree Technopack to PAG for an enterprise value of close to $1 billion, two sources with direct knowledge said on Friday.

PAG, which is headquartered in Hong Kong, declined to comment.

With the signing of the sale, Advent will withdraw the IPO application from SEBI, said one of the sources.

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Article Details

Category: EconomyBusiness

Markets: SingaporeHong KongIndia

Topics: Advent Technopack Billion Hong Company Private Equity Manjushree Packaging India Kong

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-22 @ 19:42:38 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 252 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23764862

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