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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. ....
Brent Potts joined Airbnb, Inc. as Vice President of Community Support hospitalitynet.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hospitalitynet.org Daily Mail and Mail on Sunday newspapers.
Donald Hicks joined Airbnb, Inc. as VP of Trust Policy & Partnerships hospitalitynet.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hospitalitynet.org Daily Mail and Mail on Sunday newspapers.
21 Jan 2021 Home-sharing giant Airbnb has announced the appointment of Parin Mehta as its director for the Asia-Pacific region. Parin Mehta In this role, Mehta will lead Airbnb’s Homes and Experiences divisions, and be responsible for the long-term growth of the company across APAC. Mehta was previously director of Airbnb Experiences for APAC and was responsible for launching the business division across the region, including He has been based in Singapore for the last 10 years, previously serving as head of strategic partnerships for Southeast Asia at Google. Airbnb’s global head of hosting, Catherine Powell, said: “We are thrilled to have Parin step up into this critical role and lead Airbnb in APAC. ....
/ Posted on 31 December, 2020 8:51 Emerging from the pandemic, tours and activities are becoming more intimate and digitalised, and featuring sharper storytelling, finds Anne Somanas The shift in guest touchpoints for experiences post-Covid is not just about safety; it’s about new forms of delivery, more deliberate choices by travellers and the rise of virtual and hybrid experiences that can enhance experiences even further. Heavier doses of social distancing and sanitisation, more intimate experiences in smaller groups, a proclivity for less congested spaces and new forms of delivery and new ways of immersion will shape the future of travel experiences, said tours and activities specialists throughout Asia. ....