The transaction is Advent's eighth investment in India in the past four years and its fourth in the consumer goods sector during the same period
Traditionally, they invested only in firms with cash flow but these have not generated great returns; with tech disruption, trend set to continue
Interestingly, PE-backed companies which went public over the last 12 months have done better than those which got listed earlier
Earlier, control deals for KKR included the 60 per cent buyout of Ramky Enviro Engineers for $530 million
Not a single scheme launched so far this year
2018 was also the year when the great Indian sale of stressed assets brought new opportunities for PE players to battle it out with strategic investors to grab more than a dozen odd large companies