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Valuing the company for private equity investment [electronic resource] : the case of Manjushree Technopack / Barnali Chaklader

Author:
Chaklader, Barnali
Published:
London : SAGE Publications : SAGE Business Cases Originals, 2022.
Physical Description:
1 online resource : illustrations
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Summary:
Shares of Manjushree Technopack Limited (Manjushree), a polyethylene terephthalate (PET) and plastic container manufacturing company, rose by 24% in two trading sessions in November 2014. The rise was the result of the board of directors' approval for voluntary delisting of equity shares from the stock exchange. The stock exchange delisted Manjushree scrip on March 24, 2015, according to the Delisting of Equity Shares (SEBI) Regulations 2009. The exit price of equity share was INR 455.Post delisting, in May 2015, private equity firm (PE), Kedaara Capital (Kedaara) acquired a 40% stake in Manjushree, which amounted to 5419080 equity shares at INR 455 per share. The deal amounted to INR 2.47 billion, and Kedaara entered at an EBITDA multiple of 5.29.This case analysis will lead to discussions on the rationales of investment for Kedaara and whether the deal was made at a proper valuation as compared to the industry. The case will also lead to a discussion on timing and routes of exit.
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ISBN:
9781529792973 (ebook)
Bibliography Note:
Includes bibliographical references and index.
View MARC record | catkey: 40818408