Apax May Buy $100 Million Stake in Jyothy, Standard Reports
Apax Partners LLP, a London-based private equity firm, may spend as much as $100 million to buy a 10 to 12 percent stake in Jyothy Laboratories Ltd. (JYL), Business Standard reported, citing people it didn’t identify.
The purchase will help Jyothy Laboratories finance the acquisition of Henkel AG’s Indian brands, according to the newspaper. Jyothy may complete talks on buying Henkel’s brands in two weeks, according to the report.
after the company acquires Henkel India Ltd. (HNKL),
To contact the reporter on this story: Malavika Sharma in New Delhi at firstname.lastname@example.org.
To contact the editor responsible for this story: Hari Govind at email@example.com