Private Equity (PE) Firm PG India’s leading packaging company Manjushree Technopack It is preparing to raise a loan of ₹375 crore to buy the company. This deal is almost $100 crore valuation But it is happening. According to sources, PAG is in talks with at least five international banks including Goldman Sachs for this acquisition.
PG This step of Leveraged Buyout (LBO) which is part of a strategy to achieve higher returns by using debt to acquire companies. The firm will soon decide on the loan terms and final lenders.
Process of acquisition of majority stake continues
On 13 January 2025, PAG announced that it had signed the necessary agreements to invest in Manjushree Technopack. Along with this, PAG pharma packaging company Pravesh Industries Also acquired majority stake in. this deal $200 million It was done at a valuation of Rs.
Manjushree Technopack: India’s leading plastic packaging company
Manjushree Technopack Rigid Plastic Packaging One of the largest companies in India in the field of. It produces a variety of packaging products such as containers, preforms, caps and closures, pumps and dispensers.
- major customers,
- Varun Beverages
- Dabur
- marico
- Honasa Consumer
- Hershey India
- Kansai Nerolac Paints
- Pernod Ricard
- Parag Milk Foods
financial performance
- revenue growth: Growing at 20.13% CAGR between FY22-FY24 to ₹2,117 crore.
- profits: Increase from ₹59.2 crore in FY24 to ₹140.7 crore.
Pravesh Industries: Leader in Pharma Packaging
Pravesh Industries produces plastic bottles, closures, drums, cartons, labels, and leaflets for the pharmaceutical industry.
- production capacity,
- Over 15,000 metric tons of plastic packaging every year.
- Over 200 crore units of cartons and labels.
- major market: 95% of its packaging products are used in America and Europe.
PAG’s strategy
PAG has recently made major investments in the packaging industry. The acquisition of Manjushree Technopack and Pravesh Industries is part of this strategy, giving it a leading position in the Indian and global packaging market.
