PAG-backed Manjushree Technopack may spend $150-180 mn to acquire 4-5 assets as packaging sector undergoes consolidation

Last year, US-based fund Advent International sold its majority stake in MTL at a valuation of $1 billion to Asia Pacific-focused private equity firm PAG. SUMMARY The sector, which is at the cusp of consolidation, has shown substantial growth potential, driven by demand across India's consumer, industrial, pharmaceutical, and export industries, making it an attractive proposition for PE firms and global companies.MUMBAI : PAG-backed Manjushree Technopack Ltd (MT L) is in talks to acquire 4-5 assets and may spend a combined amount of $150-180 million to bolster its offerings, three people familiar with the matter said, further underscoring the growing consolidation in the packaging sector. "The company is looking to strengthen its presence in its existing areas and bolster its revenue growth. It has identified 4-5 candidates to acquire. and the discussions are ongoing. Two of them are in advanced

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