We are US based top Moving Company, expreienced work focused on quality.

Location

246, Old York Rd, NY 08080

Working Hours

09:00 AM to 07:00 PM ( Mon - Sat )

Phone Number

+11 231 456 7890

Investcorp leads Rs 340-cr funding to packaging firm Canpac Trends

Global alternative investment firm Investcorp has led an investment of Rs 340 crore (USD 41 million) in the paper-based packaging solutions provider Canpac Trends, companies said in a joint statement on Friday.

The transaction provides a partial exit to JM Financial’s second India fund that has been invested in Canpac since 2021.

Canpac has four manufacturing plants in Ahmedabad, Kolkata and Tiruppur in Tamil Nadu, apart from an R&D facility.

The investment will help Canpac expand its production footprint to more manufacturing hubs, apart from scaling up sales capabilities, Canpac founder Nilesh Todi said.

Gaurav Sharma, head of India investment business at Investcorp, said paper packaging champions sustainability, a key Investcorp priority for each investment across all our geographies.

According to Anshuman Goenka, a partner at Investcorp, the domestic paper packaging market is over Rs 57,000 crore.

Set up in 1982, Investcorp specialises in alternative investments across private equity, realty, credit, infrastructure, and insurance asset management. It has 14 offices across the US, Europe, the GCC, India, China, Japan, and Singapore and has over USD 48 billion in assets under management.

Leave a Reply

Your email address will not be published. Required fields are marked *