It has been reported that US based private equity group, Warbug Pincus, is set to acquire majority stake in Parkson Packaging, the folding carton converter based in Mumbai, India.
It has been suggested that Warbug Pincus has outbid others including Bain Capital and that the potential deal will value Parkson Packaging at Rs 2,200 to 2,300. If the deal closes, this will mark the fourth investment in India by Warbug Pincus in the last four months.
