Brescon’s stressed assets fund buying VerInvest-backed firm’s key unit for a song

By Malvika Maloo

  • 23 Oct 2023
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Nirmal Gangwal, Managing Partner, Brescon

A stressed assets fund managed by debt restructuring and turnaround advisory firm Brescon Corporate Advisors has struck a deal to acquire a key unit of an Indian fast-moving consumer goods company that counts Belgian private investment firm VerInvest as its biggest institutional investor.   Mumbai-based Brescon, led by founder and managing ......

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