Private equity firm ChrysCapital invests $44 million in CavinKare

Private equity firm ChrysCapital has invested about $44.01 million in consumer products maker CavinKare, the companies said in a statement late on Monday.

The investment will be used to strengthen and expand the brand portfolio of the south India-based consumer products company, CavinKare said, without disclosing further terms of the transaction.

JM Financial Ltd was the sole adviser to the transaction, it added.