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Sale of Cresta Paints to Uhuru Investment Partners
3rd June 2024
Deal Size: Undisclosed
Natrium Capital Limited is delighted to announce it has advised WACH HOLDING LTD, owned jointly by Adenia Partners and Founding Directors Abhay Salunkhe & Pradnya Salunkhe, on the sale of their shares in Cresta Paints to Uhuru Investment Partners. Charles Boatin, Partner at Adenia, commented on the partnership’s outcome, stating: “Our collaboration with Cresta Paints exemplifies Adenia’s commitment to fostering sustainable business practices and governance that pave the way for continued growth and market leadership.” He further added: “This was a complex, cross-border transaction at a time when Cresta Paint’s customers were facing challenging economic headwinds. Natrium’s experience in the paints market and their expertise in M&A transactions with multiple parties were essential to the sale. We are delighted to have worked with Alasdair and the team! Their professionalism could not be faulted.”
Full Natrium Capital announcement
Adenia press release
Deal Categories: Paints/Adhesives
“… over $100bn of transactions over the last twenty years”
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