Apax Partners is seeking to tap the growing consumer goods sector in India, Business Standard reports. The U.K. private equity major has commenced talks with Chennai-based CavinKare for an estimated investment of $150 million.
Apax is already in discussion with Jyothy Laboratories to invest another $150 million. The firm is looking to allocate funds after having recently raised $33.3 billion.
Click here for the story from Business Standard.