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Advent International acquires ZCL Chemicals for Rs 2,000 Cr

Advent International acquires ZCL Chemicals for Rs 2,000 Cr Advent International acquires ZCL Chemicals for Rs 2,000 Cr 12 March 2021 | News Source credit: Shutterstock Parikh family, founder and promoters of ZCL Chemicals Limited has announced that they have sold the entire stake in the company to Advent International, one of the largest and most experienced global private equity investors, for an equity value of Rs 2,000 crore. Pursuant to the signing of definitive agreements last month, Parikh family sold its entire ~80 per cent holding and has completely exited ZCL. Of the above, ~26 per cent will be transferred subject to the customary closing conditions and receipt of all applicable regulatory approvals. Morgan Stanley Private Equity Asia, a private equity platform that acquired ~20 per cent stake in ZCL for Rs 150 crore in 2016, has also exited ZCL for Rs 390 crore. The Parikh family facilitated a seamless exit to the private equity fund through this transaction.

Parikh family sells ZCL Chemicals to Advent for Rs 2K cr

Parikh family sells ZCL Chemicals to Advent for Rs 2K cr ​ By IANS | Published on ​ Thu, Mar 11 2021 16:57 IST | ​ 0 Views Rupees.. Image Source: IANS News New Delhi, March 11 : The Parikh family, founder and promoter of ZCL Chemicals Limited (ZCL), announced on Thursday that it has sold the entire stake in the company to Advent International, one of the largest private equity investors, for an equity value of Rs 2,000 crore. Pusuant to the signing of definitive agreements last month, the Parikh family sold its entire 80 per cent holding to completely exit ZCL. Of the above, 26 per cent will be transferred subject to the customary closing conditions and receipt of all applicable regulatory approvals.

Zandu Chemicals Limited sold to Advent for Rs 2000 cr

Zandu Chemicals Limited sold to Advent for Rs 2000 cr By IANS|   Updated: 11th March 2021 6:13 pm IST New Delhi: The Parikh family, founder and promoter of ZCL Chemicals Limited (ZCL), announced on Thursday that it has sold the entire stake in the company to Advent International, one of the largest private equity investors, for an equity value of Rs 2,000 crore. Pusuant to the signing of definitive agreements last month, the Parikh family sold its entire 80 per cent holding to completely exit ZCL. Of the above, 26 per cent will be transferred subject to the customary closing conditions and receipt of all applicable regulatory approvals.

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