Subscribe

0

  • Sign in with Email

By clicking the button, I accept the Terms of Use of the service and its Privacy Policy, as well as consent to the processing of personal data.

Don’t have an account? Signup

  • Bookmarks
  • My Profile
  • Log Out
  • NEWS
  • POLICIES
  • MSME OPPORTUNITIES
  • BANKING & FINANCE
  • TECHNOLOGY FOR SMES
  • SECTORS
  • GLOBAL
  • Investment
  • LEGAL
  • KNOWLEDGE QUEST
  • Future Ready Forum 2025
  • Ek Nayi Udaan
  • Future Ready Summit 2024
  • ADVERTISE WITH US
ad_close_btn
  • News
  • Policies
  • Banking & Finance
  • MSME Opportunities
  • Web Stories
  • InFocus
  • Technology For SMEs
  • Sectors
  • Global
  • Fashion

Powered by :

You have successfully subscribed the newsletter.
InFocus Finance

Investcorp Leads INR 340 Crore Investment in Canpac Trends

Founded by Nilesh Todi, Ahmedabad-based Canpac offers folding carton solutions to customers in diverse end-use industries which include Fashion & Retail, Food and Food Services, FMCG, and Industrial Products.

author-image
SMEStreet Edit Desk
16 Dec 2023 10:44 IST

Follow Us

New Update
GauravSharma_IndiaHeadPrivateEquity

Investcorp, a leading global alternative investment firm, announced that it has led an investment of INR 340 crore (~$41 million) in Canpac Trends, a leading provider of paper-based packaging solutions. The contemplated transaction will also provide a partial exit to JM Financial India Fund II that has been invested in Canpac since 2021.

 

Founded by Nilesh Todi, Ahmedabad-based Canpac offers folding carton solutions to customers in diverse end-use industries which include Fashion & Retail, Food and Food Services, FMCG, and Industrial Products. In addition to folding cartons, Canpac also provides paper bags, luxury boxes, corrugated cartons, and flexible laminate solutions. Canpac has 4 modern manufacturing plants across three cities - Ahmedabad, Kolkata and Tiruppur. Canpac’s state-of-the-art R&D facility provides real time sampling and customized packaging solutions to its customers.

 

This investment will help Canpac expand its production footprint to all major manufacturing hubs of the country. Additionally, these funds will be utilized to accelerate growth via acquisitions and strengthen its R&D initiatives.

 

Nilesh Todi, Founder of Canpac Trends, shared, “This investment comes at a vital point in our growth journey as we continue to expand our presence across India. This funding round will enable us to scale up our manufacturing and sales capabilities. We are delighted to partner with Investcorp, a globally recognized investor with a strong track record of adding value to investee companies. We will continue to work towards achieving our vision of becoming India’s go-to packaging solutions provider”.

 

Gaurav Sharma, Head, India Investment Business, Investcorp, said: “At Investcorp, we are always on the lookout for companies run by ambitious first-generation entrepreneurs that we believe will outperform peers. Nilesh Todi has demonstrated that, with consistent execution over a period of time. Paper packaging also champions sustainability, a key Investcorp priority for each one of our investments across all our geographies”.

 

Anshuman Goenka, Partner, Investcorp, said, “We are excited to partner with Nilesh Todi in the next phase of Canpac’s growth.  While paper packaging market is over INR 570 billion in India, the industry remains highly fragmented with an opportunity for leaders to consolidate. In this industry, Canpac has firmly established itself as a leader which is able to serve customers with superior standards of quality and safety. At Investcorp India we believe in – ‘consolidation of unorganized sectors, and a long-term growth in brand spends’. This investment brings both these together”.

 

Investment Investcorp Canpac
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news
logo

Related Articles
Read the Next Article
Latest Stories
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news

Latest Stories
Latest Stories
    Powered by


    Subscribe to our Newsletter!




    Powered by
    Select Language
    English

    Share this article

    If you liked this article share it with your friends.
    they will thank you later

    Facebook
    Twitter
    Whatsapp

    Copied!