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Private equity firm ChrysCapital invests $44 million in CavinKare

The investment will be used to strengthen and expand the brand portfolio of the south India-based consumer products company

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Reuters Mumbai

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. 

 

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First Published: Jun 04 2013 | 9:55 AM IST

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