Warburg acquires majority stake in Parksons Packaging US-based private equity firm Warburg Pincus’ affiliate Green Fin Investments BV has acquired a majority stake in Mumbai-based folding carton giant Parksons Packaging. Siddharth Kejriwal: We are excited to partner with Warburg Pincus in our next phase of growth
As part of the transaction, the company’s existing private equity investors Kedaara Capital AIF 1, Olza Holdings and IIFL have completely exited their investment in Parksons; the Kejriwal family (founder family) has sold a partial stake.
Ramesh, Siddharth and Chaitanya Kejriwal will continue to retain their current positions of chairman, managing director and joint managing director, respectively, and will drive the business going forward. Credit Suisse acted as the exclusive financial advisor to the sellers and its affiliates.