Advent Int'l buys out Kedaara Capital's stake in Manjushree Technopack

Deal value undisclosed; Advent also picks up some stake from promoter family

US-based Private equity (PE) firm Advent International has invested in Manjushree Technopack by completely buying out the stake held by home-grown PE firm, Kedaara Capital, along with some of the promoter family's holding. The financial terms of the transaction were not disclosed.

Manjushree Technopack is India’s largest rigid plastic packaging solution provider for the FMCG industry. Founder Vimal Kedia and the senior management team will remain closely involved in the business. The Bengaluru-based company serves a wide range of FMCG vertical markets, including home care and personal care products, food and beverages, pharmaceuticals, dairy and edible oil.

Sunish Sharma and Manish Kejriwal,