CAL Partners acted as the exclusive transaction advisor to Varna Limited (Varna Packaging) on its strategic share repurchase, facilitating a smooth exit for significant minority shareholders. Following this transaction, funded via a combination of equity and debt, Varna’s major shareholder’s ownership has consolidated to 98%, positioning the company for its next phase of growth and an anticipated IPO in the near future.
It was a pleasure working closely with Chamindra Gamage, Varna’s Managing Director, and the broader team to structure and execute this pivotal deal. This transaction underscores our expertise in guiding companies through complex ownership transitions while aligning with their long-term strategic goals.
Looking forward to seeing Varna’s continued success!
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