Global private equity fund manager Advent International has acquired a controlling stake in India-based rigid plastic packaging manufacturer Manjushree Technopack. As part of the transaction, India-focused private equity fund manager Kedaara Capital, which originally invested in Manjushree in 2015, exited its reported 40 percent stake in the company. Advent also acquired a portion of the founding Kedia family’s stake. Manjushree plans to partner with Advent to expand into new geographies, segments and business lines and to acquire other packaging companies. Financial details of the transaction were not disclosed.