Deal Alert: BDO India provided comprehensive M&A advisory services to Jhaveri Flexo India
Deal Alert: BDO India provided comprehensive M&A advisory services to Jhaveri Flexo India
Established in 1998 by Mr. Sandeep Jhaveri, Jhaveri Flexo India Pvt. Ltd (JFL) stands as one of India's top 7 flexible packaging companies, specialising in the production of flexible laminates and pouches. Prior to this transaction JFL’s manufacturing facilities were situated only in West India, and served marquee customers such as Nestle, Kellogg’s, Perfetti Van Melle, Unicharm, Tata Consumer, Wrigley Mars, among others. Beyond India, JFL serves customers across North America, the UK, and Europe.
Prakash Flexibles Pvt. Ltd. (PFPL) was incorporated in 1993 and manufactures different types of printed paper/film-based packaging, poly coated laminated paper, adhesive lamination, extrusion coating, hot melt, and special type coatings which are mainly used for packing of confectionery, detergents, soaps, etc. The customer list of PFPL includes likes of HUL, ITC, Cavinkare, Lotte India, Hershey, etc.
JFL has been actively expanding its business both, in India and overseas, and has taken a strategic stake in PFPL. Commenting on the transaction, Alay Jhaveri, Managing Director, JFL said “We are glad to partner with PFPL. This transaction will allow us to serve the newly added customers as well as cater to our existing customers in South India better. We are keen to work with customers, employees, suppliers and all business partners of PFPL. This partnership reflects our commitment in catering to market demands and prioritising customer satisfaction. We will continue to use inorganic options for accelerating our growth. Also, I extend my sincere thanks to BDO team for the great support provided by them.”
BDO India, acted as the exclusive financial advisor to JFL and supported the transaction with a complete range of Deals Advisory Services, including Investment Banking, Due-Diligence, and M&A Tax Structuring. This transaction showcases BDO India's capabilities across the deal spectrum to meet the varied transaction needs of its clients.
Commenting on the transaction, Ashish Bagadia, Partner – Corporate Finance and Investment Banking said “The Indian packaging industry is at an inflection point. It is a bright spot on the global map but is constrained by challenges owing to its fragmented nature. This is changing rapidly, driven by the push from FMCG and pharma customers. We are witnessing rapid consolidation in the industry, with buyout funds actively contributing to this transformative wave.”
Prakash Flexibles Pvt. Ltd. (PFPL) was incorporated in 1993 and manufactures different types of printed paper/film-based packaging, poly coated laminated paper, adhesive lamination, extrusion coating, hot melt, and special type coatings which are mainly used for packing of confectionery, detergents, soaps, etc. The customer list of PFPL includes likes of HUL, ITC, Cavinkare, Lotte India, Hershey, etc.
JFL has been actively expanding its business both, in India and overseas, and has taken a strategic stake in PFPL. Commenting on the transaction, Alay Jhaveri, Managing Director, JFL said “We are glad to partner with PFPL. This transaction will allow us to serve the newly added customers as well as cater to our existing customers in South India better. We are keen to work with customers, employees, suppliers and all business partners of PFPL. This partnership reflects our commitment in catering to market demands and prioritising customer satisfaction. We will continue to use inorganic options for accelerating our growth. Also, I extend my sincere thanks to BDO team for the great support provided by them.”
BDO India, acted as the exclusive financial advisor to JFL and supported the transaction with a complete range of Deals Advisory Services, including Investment Banking, Due-Diligence, and M&A Tax Structuring. This transaction showcases BDO India's capabilities across the deal spectrum to meet the varied transaction needs of its clients.
Commenting on the transaction, Ashish Bagadia, Partner – Corporate Finance and Investment Banking said “The Indian packaging industry is at an inflection point. It is a bright spot on the global map but is constrained by challenges owing to its fragmented nature. This is changing rapidly, driven by the push from FMCG and pharma customers. We are witnessing rapid consolidation in the industry, with buyout funds actively contributing to this transformative wave.”