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PAG ropes in three co-investors for big-ticket buyout of Manjushree Technopak
VCCircle · 7m ago
Medial
Asia Pacific-focused investment firm PAG is partnering with three co-investors to acquire a majority stake in packaging products company Manjushree Technopak. PAG is said to be purchasing the India-based rigid plastics packaging products firm from private equity firm Advent International. The deal is estimated to be worth a significant amount.
Exclusive: Nuvama Wealth backer PAG stitching new India deal after two-year gap
VCCircle · 8m ago Medial
Asia Pacific alternative investment firm PAG is reportedly in talks to secure a new private equity deal in India. After a gap of two years, the firm is said to be in advanced discussions to make the investment. PAG manages over $55 billion in assets across the private equity, real estate, and credit sectors.
BlackRock elevates Maheshwar Nataraj to head India private credit operations
VCCircle · 1y ago
Medial
Global asset management firm BlackRock has appointed Maheshwar Nataraj as the head of its private credit operations in India. Nataraj, who previously led the company's efforts in sourcing and managing investments in the country, will now oversee its private credit platform in India. He replaces Dhruva Agarwal, who stepped down due to personal reasons. BlackRock's appointment comes as the private credit market in India continues to grow with a rising number of Indian and foreign companies entering the sector. The global firm expects private debt assets under management to reach $3.5tn by 2028.
Unilever exec Kumaraswamy to co-head L Catterton's India ops
Economic Times · 8d ago
Medial
L Catterton has appointed Vikram Kumaraswamy as co-head of its Indian operations, working alongside current co-head Anjana Sasidharan. Previously the global head of corporate development and treasury at Unilever Plc, Kumaraswamy led strategic capital allocation, portfolio development, and corporate strategies amounting to around $15 billion in investments and divestments. L Catterton, a consumer-focused investment firm, manages approximately $37 billion in equity capital across private equity, credit, and real estate platforms.
Public investors not interested in funding tech firms’ losses: Nuvama's Satyen Shah
VCCircle · 5m ago
Medial
Public investors are currently reluctant to fund the losses of tech firms, according to Satyen Shah, president and head of investment banking at Nuvama Group. Formerly known as Edelweiss Wealth Management, Nuvama is a leading financial services provider in India, controlled by Asia-focused private equity firm PAG. Their offerings span investment banking, wealth management, and asset management. Under Shah’s leadership, with over 20 years of experience, the group remains influential in the market.
Alternative investment firm PAG acquires majority stake in Pravesha Industries
YourStory · 6m ago
Medial
PAG, a private equity investment firm focused on the Asia Pacific, has acquired a majority stake in Pravesha Industries Private Limited, a prominent packaging company in the pharmaceutical sector. This acquisition marks PAG's second investment in the packaging industry. Pravesha, established in 1999, operates four manufacturing facilities in India and primarily serves developed markets like the US and Europe. PAG aims to drive Pravesha's growth through organic and inorganic strategies.
Grapevine: Advent eyes Manjushree monetisation; EQT, Hillhouse lead race for GeBBS
VCCircle · 11m ago
Medial
Advent International is considering both a public listing and a private sale for portfolio company Manjushree Technopack Ltd, aiming to unlock value. Several global funds, including Brookfield Asset Management, Carlyle, PAG, Platinum Equity, and Permira Private Equity, have submitted non-binding bids for the packaging firm. EQT and Hillhouse are reportedly the lead contenders in the race for GeBBS, an outsourced healthcare services provider.
PAG ropes in fourth co-investor for big-ticket India deal
VCCircle · 2m ago Medial
PAG, a prominent Asia-Pacific-focused private equity firm managing over $3 billion in Indian assets, has enlisted a fourth co-investor for a significant control-oriented deal secured earlier this year. Headquartered in Hong Kong, PAG's Indian portfolio includes Nuvama Wealth Management, Sekhmet Pharmaventures, and Acme Formulation among others. This strategic move underscores PAG's commitment to expanding its investment footprint in India's growing market.
Warburg Pincus names Vishal Mahadevia as Asia head
Livemint · 1y ago
Medial
Private equity firm Warburg Pincus has announced the appointment of Vishal Mahadevia as the new head of Asia private equity. Mahadevia, who has been with the firm for 17 years, will transition from his role as head of India. Narendra Ostawal has been appointed as the new head of India, while Anish Saraf and Viraj Sawhney will take on expanded roles. The firm has also made promotions in Singapore and China as part of its focus on cross-border business services and industrials. Warburg Pincus recently closed its latest fund, raising $17.3 billion.
Goldman Sachs elevates India unit's co-COOs to investment banking heads
VCCircle · 1y ago
Medial
Goldman Sachs has promoted Sudarshan Ramakrishnan and Devarajan Nambakam to co-heads of investment banking in India. The move is in response to the increasing number of dealmaking opportunities in the country. Ramakrishnan and Nambakam were previously the co-chief operating officers in India. They now report to Sonjoy Chatterjee, the Chairman and CEO of Goldman Sachs in India. The two executives will be responsible for managing the bank's investment banking strategy, driving growth in various industry groups, and cultivating stronger client relationships. Additionally, Sunil Khaitan has joined as the head of financing in India.
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