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March 29, 2021

Canpac secures investment to expand its operations

India-based packaging solutions company Canpac has secured an investment of Rs600m ($8.3m) from JM Financial India Fund II.

India-based packaging solutions company Canpac has secured an investment of Rs600m ($8.3m) from JM Financial India Fund II .

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The company will use the new investment to increase its existing capacities.

This marks the seventh investment by the JM Financial India Fund II , a growth-capital private equity fund that is part of JM Financial Group.

The investment is part of JM Financial India Fund II ’s strategy to invest in growth companies in the mid-market space.

Anoma Legal acted as legal advisor to Canpac, while Economic Laws Practice acted as legal advisor to JM Financial India Fund II .

Canpac managing director Nilesh Todi said: “We have emerged as a fast-growing packaging player in the country, with a key focus on folding carton and corrugated boxes.

“This growth capital infusion and partnership with a seasoned investor like JM Financial Private Equity will help us accelerate our current expansion plans and expand our market share.”

JM Financial PE and Equity AIFs managing director and CEO Darius Pandole said: “Increased consumption of packaged goods, growth in organised retail and e-commerce and increasing premiumisation will drive growth for organised packaging players. Canpac is well-positioned to capture this growth spectrum.

“With its in-house manufacturing facilities and research and development, Canpac offers superior quality products to its customer base in a timely manner, thus emerging as a one-stop packaging solutions provider for its customers.

“The fund infusion will help the company scale up its business and expand its market share.”

Canpac produces packaging such as folding cartons, corrugated boxes, paper bags, flexible laminates and luxury boxes.

The company supplies a wide range of products and design solutions for various industries from its manufacturing plants in Gujarat and Tamil Nadu.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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