TPG Investing US$5 Million in Flexituff (Asia)

Source: VCCircle  |  Author: Bhawna Gupta

Global investment firm TPG has agreed to invest INR270 million (approximately US$5 million) in Flexituff, an India-based bulk container manufacturer, via a preferential share issue. TPG, through its TPG Growth II platform, intends to purchase over 1.2 million equity shares in the Bombay Stock Exchange- and National Stock Exchange-listed company, equivalent to a 5.3 percent equity stake. Flexituff previously raised funding from special situations investor Clearwater Capital Partners.