Blackstone entered into a definitive agreement to acquire an initial 51% controlling stake in Essel Propack from the Ashok Goel Trust. The transaction was strategically motivated by the rapid growth of the Indian consumer market and the increasing global demand for specialized pharmaceutical and personal care packaging. By transitioning from a family-led structure to a private equity-backed model, the deal was designed to accelerate Essel Propack’s expansion across the Asia Pacific and Oceania regions, utilizing India as a central manufacturing and export hub.

ESSEL PROPACK, which reported an EBITDA margin of LOGIN in 2018, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN discount to the average currently observed in the Industry & Manufacturing sector (10.6x).

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