Latest Cogent Glass News
Jun 11, 2013
Private Equity | 11 June 2013 Oaktree Capital Invests In Cogent Glass by Pranav Puri @pranav US-based investment firm Oaktree Capital Management has bought about 60% in Hyderabad based Cogent Glass Limited for an estimated enterprise value of R200 Cr, BS states. Jean Rollier of Oaktree has been appointed non-executive chairman of Cogent's board. Founded in 2010, Cogent offers complete solution of Type I glass primary packaging in tubular and moulded, catering to all glass needs for pharmaceutical companies. It has a plant located in Addakal near Hyderabad. Oaktree Capital Management of Los Angeles is a leading investment firm managing over $80 Bn in assets, with a global portfolio of companies and, in particular, with several investments in the packaging sector. The firm was co-founded in 1995 by a group who had formerly worked together at the TCW Group starting in the 1980s. One of Oaktree's portfolio firm, SGD, a France-based manufacturer of glass packaging has agreed to extend technology and marketing support to Cogent Glass. In October 2012,Standard Chartered Private Equity invested $32 Mn in Varun Beverages (International), a bottler for PepsiCo.