{"id":4920,"date":"2025-01-22T05:49:52","date_gmt":"2025-01-22T10:49:52","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=4920"},"modified":"2025-01-22T05:49:52","modified_gmt":"2025-01-22T10:49:52","slug":"cci-approves-majesty-iis-acquisition-of-ai-lenarco-midco","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=4920","title":{"rendered":"CCI approves Majesty II\u2019s acquisition of AI Lenarco Midco"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<div class=\"article-image\">\n<figure class=\"article-image__container\">\n                                    <picture><source media=\"(min-width: 990px)\" srcset=\"https:\/\/www.packaging-gateway.com\/wp-content\/uploads\/sites\/16\/2025\/01\/Pack-3-shutterstock_1978790276-770x433.jpg\"\/><source media=\"(min-width: 430px)\" srcset=\"https:\/\/www.packaging-gateway.com\/wp-content\/uploads\/sites\/16\/2025\/01\/Pack-3-shutterstock_1978790276-940x528.jpg\"\/>\n                                    <\/picture><figcaption class=\"c-featured-image__description\">Majesty II has been specifically formed for the acquisition. Credit: SpockyPo via Shutterstock.<\/figcaption><\/figure>\n<\/p><\/div>\n<p class=\"drop-cap\">The Competition Commission of India (CCI) has given its approval to a significant acquisition deal in the packaging sector, involving AI Lenarco Midco and Manjushree Technopack, a company specialising in rigid plastics packaging products.<\/p>\n<p>            <!-- sponsored-whitepaper sponsored hidden sponsored-with-form --><\/p>\n<p>The deal brings together Majesty II, a special purpose vehicle and investment holding company of the PAG group, and a consortium of investors, including Ashoka India Equity Investment Trust, Nuvama Private Investment Trust, and InCred Growth Partners Fund \u2013 I.<\/p>\n<p>The transaction will result in Majesty II acquiring the entire equity shareholding in AI Lenarco Midco, leading to an indirect acquisition of the majority equity shareholding in Manjushree Technopack.<\/p>\n<p>Majesty II is specifically formed for this acquisition and is part of the PAG group, an alternative investment company with a focus on the Asia-Pacific region.<\/p>\n<p>The approval by the CCI marks a pivotal development in the proposed combination of these companies.<\/p>\n<p>Ashoka India Equity Investment Trust, based in England and Wales, is a closed-ended investment company with an indefinite life.<\/p>\n<p>It aims to achieve long-term capital appreciation by investing in securities listed in India and companies with a significant presence in the country.<\/p>\n<p>Meanwhile, Nuvama Private Investment Trust is a Category II Alternative Investment Fund (AIF) registered with the Securities and Exchange Board of India (SEBI).<\/p>\n<p>InCred Growth Partners Fund \u2013 I, under InCred Alternative Opportunities Trust, is also registered with SEBI as a Category II AIF, with InCred Alternative Investments acting as the investment manager.<\/p>\n<p>InCred Growth Partners Fund \u2013 I focuses on investing in high-quality private businesses across various sectors, including the consumer, banking, financial services and insurance, technology, and enterprise segments.<\/p>\n<p>            <!-- sponsored-whitepaper sponsored hidden sponsored-with-form --><\/p>\n<p>            <!-- Newsletter banner start --><\/p>\n<p><!-- <link rel=\"stylesheet\" href=\"\"> --><\/p>\n<div class=\"grid-container\">\n<section class=\"gdm-newsletter-banner__container\">\n<div class=\"grid-x gdm-newsletter-banner__wrapper-container gdm-newsletter-banner__wrapper-container--article\">\n<div class=\"cell large-9 gdm-newsletter-banner-info__wrapper\">\n<div class=\"gdm-newsletter-banner-logo__container\">\n                    <img decoding=\"async\" src=\"https:\/\/www.packaging-gateway.com\/wp-content\/themes\/goodlife-wp-B2B\/assets\/images\/newsletter-new.svg\" alt=\"Email newsletter icon\"\/>\n                <\/div>\n<p><h3 class=\"gdm-newsletter-banner__heading wp-noreslt\">Sign up for our daily news round-up!<\/h3>\n<h3 class=\"gdm-newsletter-banner__sub-heading\">Give your business an edge with our leading industry insights.<\/h3>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<\/div>\n<p><!-- Newsletter banner end --><\/p>\n<footer class=\"article-footer\">\n                                <!-- article-actions start --><\/p>\n<p><!-- .gdm-article-actions -->                                <!-- article-actions end --><br \/>\n                            <\/footer>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.packaging-gateway.com\/news\/cci-approves-majesty-ii-acquisition\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Majesty II has been specifically formed for the acquisition. Credit: SpockyPo via Shutterstock. The Competition Commission of India (CCI) has given its approval to a significant acquisition deal in the packaging sector, involving AI Lenarco Midco and Manjushree Technopack, a company specialising in rigid plastics packaging products. The deal brings together Majesty II, a special [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":4921,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[165],"tags":[501],"class_list":["post-4920","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-packaging-news","tag-packaging-containers-and-components"],"_links":{"self":[{"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=\/wp\/v2\/posts\/4920","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4920"}],"version-history":[{"count":0,"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=\/wp\/v2\/posts\/4920\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=\/wp\/v2\/media\/4921"}],"wp:attachment":[{"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}