At what enterprise value was ESSEL PROPACK acquired in 2019?

During the acquisition of ESSEL PROPACK by BLACKSTONE in 2019, the transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b USD.

What was the EV/EBITDA of ESSEL PROPACK when it was acquired by BLACKSTONE?

The estimated EV/EBITDA multiple for ESSEL PROPACK is in the range of 5x - 12x.

When was ESSEL PROPACK acquired by BLACKSTONE?

ESSEL PROPACK was acquired by BLACKSTONE in 2019.

What was the revenue of ESSEL PROPACK at the time of the deal?

The revenue of ESSEL PROPACK at the time of the deal is estimated to be in the range of 250M - 500M USD.

What was the EBITDA of ESSEL PROPACK during the acquisition?

ESSEL PROPACK's EBITDA is estimated to be in the range of 50M - 100M USD.

How is the data for the ESSEL PROPACK acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the ESSEL PROPACK deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://indbiz.gov.in/blackstone-acquires-essel-propack/

← DATABASE

Home Database Industry & ManufacturingESSEL PROPACK

04/2019

ESSEL PROPACK acquired by BLACKSTONE

INDIA Chemicals & Materials / Packaging & Containers / Plastic Packaging EV 500M - 1.5b USD

Context

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 in 2018, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Industry & Manufacturing sector (11.6x).

-> Deep-dive in Industry & Manufacturing market trends

Target

Essel Propack is a premier global specialty packaging company and the largest manufacturer of laminated plastic tubes used primarily by the FMCG and pharmaceutical sectors. The organization operates a vast industrial footprint with manufacturing facilities across 10 countries, supported by a professional workforce of over 3,100 employees. Its core business focuses on the design and production of high-barrier laminates for brands in oral care, beauty, and healthcare, serving as a critical supply chain partner for multinational corporations. By leveraging advanced material science and automated manufacturing processes, the company provides essential packaging solutions that cater to high-growth consumer markets across India, the Asia Pacific, and the Americas.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (USD)

Year

Rev

EBITDA

EBIT

2018

2017

Similar deals in Chemicals & Materials

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
08/2019	SIPAREX	CLAYENS GROUP	FRANCE	Plastics
07/2019	TEKNI-PLEX	LAMEPLAST	ITALY	Plastic Packaging
04/2019	ALPHA PRIVATE EQUITY	LAMINAM	ITALY	Construction Materials
03/2019	PARCOM CAPITAL MANAGEMENT	247 TAILOR STEEL	NETHERLANDS	Metallurgy / Foundry
02/2019	PLATINUM EQUITY	MULTI-COLOR CORPORATION (MCC)	UNITED STATES	Labels & Adhesives
09/2018	ARCADIA	CASTELLO ITALIA	ITALY	Plastics
07/2018	MESSER GROUP / CVC	LINDE GASES	UNITED STATES	Specialty Chemicals
05/2018	LINDSAY GOLDBERG	PACCOR (COVERIS GLOBAL RIGID)	GERMANY	Plastic Packaging
05/2018	APTARGROUP	REBOUL	FRANCE	Metal Packaging
03/2018	THE CARLYLE GROUP / GIC	NOURYON	NETHERLANDS	Specialty Chemicals

REFERENCES

Valuation range: EV 500M - 1.5b USD

Revenue range: 250M - 500M USD

EBITDA range: 50M - 100M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ESSEL PROPACK by BLACKSTONE are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Acquirer: blackstone