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PE fund Rabo Equity sells 21.7% stake in Vacmet

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MUMBAI: Rabo Equity Advisors, the meals and agriculture-focused non-public fairness fund, has bought its 21.7 per cent stake in Vacmet again to its promoters, making round 2.5 occasions returns on its funding.

Almost a decade after the fund invested Rs 50 crore within the firm, it has exited by buyback from promoters over two tranches, the fund stated in its launch.

Vacmet Ltd is a maker of versatile packaging materials, producing BOPP Films, BOPET movies and different specialty movies at its three crops in Chatta (Mathura), one at Agra and Mathura every.

The firm is backward built-in and makes its personal resin for movies. It additionally provides worth to the movies by vacuum metallizing and lamination and provides to massive converters and precise consumer company throughout India and over 70 nations. The movies are consumed largely in meals and agri sectors.

“Vacmet has been growing at over 20 per cent each year and from a revenue base of Rs 257 crores in FY 2010 when the Fund invested, it has reached a revenue of Rs 1,848 crores in FY20 with an EBITDA of Rs 363 crores,” the discharge stated.

The firm is managed by Dinesh Chandra Agarwal and his household.

“It has been a very pleasant journey with Rabo Equity with Rajesh Srivastava leading his team. His insights and all-round support have been a major reason for our best practices and strong growth. We have established ourselves as a professionally run company clinching all milestones in operations and governance,” stated Agarwal, chairman and managing director, Vacmet.

“Vacmet has been a great investment for us. We always looked for companies where we could add value through our superior sector knowledge and outreach, associating with strong yet receptive management. Our returns get notionally notched up when the company espouses sustainable best practices for the long term. Vacmet is a clear winner here. We have proud to have partnered Vacmet in its growth,” stated Rajesh Srivastava, government chairman, Rabo Equity Advisors.

For Rabo Equity, that is the seventh exit out of its ten investments made in India. “..the remaining three (exits) are estimated to be secured by early next year. The portfolio has been well spread across agribiotech, vegetables, packaging, dairy and nutraceuticals and has already returned the principle and a decent return to its investors,” Rabo stated in its launch.

Rabo Equity Advisors Private Limited is a 51 per cent Rabobank held firm with the senior staff of the corporate proudly owning the steadiness 49 per cent shares with workplaces in New Delhi and Mumbai.




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