PE MINORITY INVESTMENT FROM SOMERSET INDUS CAPITAL PARTNERS in PRINTMANN OFFSET PVT LTD TO FUEL GROWTH AND EXPANSION

Self Adhesive Labels Industry In India and The World

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Printmann Offset Pvt Ltd established in 1987 is a pioneer in manufacturing of paper-based packaging products such as cartons, leaflets, labels and foils primarily focused on Pharma and healthcare sector. At a function titled Printmann 2.0, held on 13th February 2024 in presence of many stake holders which included leading brands they announced the induction of Somerset Indus Capital Partners as a minority investor in their business. The funds would be deployed to accelerate Printmann’s growth, through pursuing both organic and inorganic growth initiatives. The launch of Pakcellence, a new subsidiary was announced which would make in-roads into innovative and sustainable solutions like the Gable Top business; etc.

Somerset Indus Capital Partners’ overarching investment philosophy is to partner with dynamic companies who are poised for transformative growth and this investment further solidifies their commitment to fostering growth and innovation within the Pharma and Healthcare industry. Speaking of the collaboration, Avinash Kenkare, Partner, Mayur Sirdesai, Partner and Sharad Ladha, Partner, Somerset Indus Capital Partners jointly said “As we embark on this exciting journey with Printmann, we remain committed to leveraging our resources, expertise, and extensive network to support their strategic initiatives. We are excited about the prospects of this partnership and look forward to a fruitful collaboration with Printmann’s talented team.”

Bipin Tanna, the visionary founder of the company said “Printmann has a leadership position in the paper packaging industry especially in the Pharma sector. I am confident that this investment from Somerset Indus Capital Partners will fast-track our growth trajectory in new markets and in other high growth sectors and accelerate new product development initiatives. We look forward to a fruitful collaboration with Somerset in the years to come.”

Brothers Tejas Tanna and Ankit Tanna directors of Printmann jointly stated “We look forward to welcoming Somerset to partner with us as we embark on this exciting journey, and we look forward to leveraging Somerset’s resources and expertise as we further fortify our presence across markets and build a brand name for Printmann globally.” EY acted as the exclusive sell-side advisor to Printmann, DSK Legal acted as the legal advisor and Marathon Edge provided vendor assist services on this deal.