Printmann Offset, a leading packaging solutions provider based in Navi Mumbai, on February 13 announced the induction of Somerset Indus Capital Partners as a minority investor in the business. The strategic move was officially disclosed during the ‘Printmann 2.0 and Beyond’ event held at Taj Vivanta, Navi Mumbai. Key industry stakeholders and Somerset Indus Capital Partners team attended the event.
The investment from Somerset Indus Capital Partners is poised to fuel Printmann’s growth trajectory by providing capital for both organic and inorganic expansion initiatives. Additionally, the funds will support new ventures such as Pakcellence, a subsidiary focused on innovative and sustainable solutions, including the gable top business.
Printmann 2.0 signifies a renewed growth strategy, aiming to unlock new opportunities while enhancing operational capabilities with a focus on maximizing value for Printmann and its stakeholders.
Somerset Indus Capital Partners, known for partnering with dynamic companies poised for transformative growth, expressed its commitment to fostering innovation within the pharma and healthcare industry through this investment.
Mayur Sirdesai, partner at Indus Capital Partners, stated, “Printmann is our 14th investment and in Printmann, we saw great promoters and a talented team. The company has great infrastructure and what it needs is to scale up. We are excited about being part of the Printmann family and will do whatever it takes to support their growth.”
Bipin Tanna, the founder of Printmann Offset, expressed confidence in Somerset Indus Capital Partners fast-tracking growth in new markets and high-growth sectors. “Printmann has a leadership position in the paper packaging industry, especially in the pharma sector, and I am confident that this investment from Somerset Indus Capital Partners will fast-track our growth trajectory in new markets and other high-growth sectors and accelerate new product development initiatives. We look forward to a fruitful collaboration with Somerset in the years to come,” he added.
Tejas Tanna and Ankit Tanna of Printmann Offset emphasized that the company’s core values and operations, including decision-making autonomy, focus on the Pharma sector, and robust relationships with customers and vendors, will remain unchanged despite the new collaboration.
EY served as the exclusive sell-side advisor to Printmann, DSK Legal provided legal advisory services, and Marathon Edge offered vendor assist services for this transformative deal.
