Blue River Capital gets stake in International Print-O-Pac
With the divestment of a minority stake for Rs 55 crore, IPP intends to fund
its major expansion programme, attaining threshold volumes in each of their
business areas - packaging, commercial printing and publication printing.
The promoters of Noida based
International Print-o-Pac Limited (IPP), a
leading print-packaging company,
have divested a minority stake to Blue
River Capital for a consideration of Rs 55
crore. Blue River Capital I, LLC is an
international private equity fund, focused
on growth capital investment in India.
Founded in 2005, the fund currently has
over $140 million under management.
Disclosing the deal, Ravindra Singhvi,
chairman, IPP, said, “The demand for high
quality packaging from organised retail
will increasingly drive the growth of the
Indian print-packaging industry. In
addition, the emergence of India as a
competitive global manufacturing and
outsourcing hub will provide an additional
impetus to growth. IPP is working towards
realising the potential offered by these
opportunities.”
Added Rishabh Singhvi, executive director,
IPP, “With Print Publishing Outsourcing
(PPO) growing at 20% and the board
packaging growing at 25% each year, IPP
intends to embark on a significant
expansion programme to meet local and
international demand. Our partnership with
Blue River Capital will encourage faster
and focused growth. We look forward to
working towards attaining threshold
volumes in each of our business areas -
packaging, commercial printing and
publication printing for top line growth
while simultaneously developing the
next generation products vital to the
bottom line.”
Muneesh Chawla, managing director of Blue
River Capital India Advisors, explained the
rationale for the investment in IPP. “Its
integrated printing and packaging business
model allows the company to deploy capital
efficiently, and offer complete, value added
packaging solutions to large global retailers.
Faster growing retailing demands innovation
in design and consistency in quality and
delivery. IPP is well positioned on all these
counts, and we expect it to take a leadership
position in the industry.”
IPP is a leading producer of premium
printed products and packaging for FMCG
companies, international book and
magazine publishers, government and
international institutions for domestic and
export markets. The company has recorded
40% growth in FY 2006 and derives 25%
of its turnover from exports. IPP intends to
utilise the proceeds to fund its expansion
programme to achieve a turnover of over
Rs 300 crore in FY 09.
PHDCCI honours Amila Singhvi with ‘Outstanding Business Woman - 2006’ award
Amila Singhvi, managing director,international Print-o-Pac Limited (IPP), the Noida
based Rs 350 crore print-packaging major, was recently awarded the ‘Outstanding
Business Woman of the Year - 2006’ award by PHD Chamber of Commerce and
Industry (PHDCCI) at a glittering award ceremony in New Delhi.
Singhvi expressed her delight on receiving the award and said, “IPP
has grown from a
small scale sector enterprise to an institution and is today a corporate entity recognised
for its customer focus, innovative and technological leadership. We have built considerable
goodwill with our select domestic and international customers and are now keen to establish
our production and marketing base internationally. To achieve our objective of 50% top
line and bottom line growth each year, we intend to acquire companies abroad. It is now
time to look at newer
markets. IPP has to
execute bigger orders
for global giants on
turnkey basis with
quality control and
efficiency as the key
enablers.”
Amila Singhvi, is a true
entrepreneur, who has
been associated with
Indian printing &
packaging industry for
over last two decades.
She is widely applauded
for her contribution to
the development of the
Indian printing industry
as a pioneer and
innovator at IPP. And
now as the international
face and spokesperson
of this rapidly growing industry, set to record an annual growth of 25% YoY, she is
well known for her expertise and professionalism in the industry circles.
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