mumbai private equity firm kedaara capital is investing about rs 700 crore or 110 million across three controltype deals as the indiafocused fund steps up action on the buoyant deal street kedaara capital whose maiden fund is managing assets worth nearly 600 million is set to scoop up a 24 stake in manjushree technopack a packaging materials company which is delisting from the stock exchanges kedaara has issued a term sheet or entered into a preliminary agreement and will seal the deal once manjushree promoters complete the buyback and delisting process currently underway this is one of the rare instances of a private equity investor backing the promoter to take the company private in india though it is not uncommon in the matured global markets manjushree makes pet and plastic containers as well as blow and injectionmoulded containers for pharma and food processing sectors kedaara will acquire the shares from the promoter at the delisting offer price kedaara was cofounded by former temasek india senior managing director manish kejriwal and general atlantic managing directors sunish sharma and nishant sharma the twoyearold fund has also struck deals to acquire a large stake in bangalorebased auto components maker bill forge for about rs 300 crore a transaction which toi first reported in december last year on tuesday kedaara sealed another investment deal with parksons packaging one of the countrys largest manufacturer of folding cartons and paper packaging it acquired the stake held by chryscapital and purchased a part of the promoter shares in the rs 200crore deal