Oaktree Capital Buys Majority Stake in Cogent Glass (Asia)

Source: Economic Times  |  Author: Raji Reddy Kesireddy

Oaktree Capital Management, a global alternative investment management firm, has invested approximately INR1.2 billion (approximately US$21 million) in India-based Cogent Glass, a pharmaceutical packaging company, acquiring a 60 percent stake in the company. Under the terms of the transaction, Oaktree’s portfolio company SGD, a French glass manufacturer for the cosmetic and pharmaceutical industries, has agreed to extend technology and marketing support to Cogent Glass.