About the deal

Investec advised the shareholders of Pravesha Industries, one of the leading packaging companies focused on the pharmaceutical industry, on their sale of majority stake to PAG.

Pravesha, founded in 1999, is a prominent pure-play pharma-focused packaging company in India. The Company produces more than 15,000 metric tons of plastic bottles, closures and drums and more than two billion units of cartons, labels and leaflets annually for some of the world’s largest pharmaceutical companies. About 95% of Pravesha’s packaging products are used in developed markets including the U.S. and Europe.

This acquisition reflects PAG’s focus on capitalizing on the growth potential of India’s pharmaceutical packaging sector, driven by key themes such as domestic manufacturing and strong export demand.

About Pravesha Industries Private Limited

Pravesha Industries Private Limited (Pravesha) is one of India’s largest pharma-focused packaging player with a wide array of products including plastic bottles, caps, closures, cartons, labels and leaflets. Pravesha was founded in 1999 and today has four state-of-the-art manufacturing facilities in India, employing over 1,950 people, with a capacity to manufacture 15,000+ metric tons of plastic bottles, closures and drums and 2,000+ million units of cartons, labels and leaflets.

About PAG

PAG is a leading Asia-Pacific-focused alternative investment firm with three core businesses: Real Assets, Credit & Markets and Private Equity. It manages over USD55 billion in capital on behalf of nearly 300 global institutional investors. The firm has over 790 staff across 15 key offices globally. PAG Private Equity manages four pan-Asian buyout funds and two growth funds with USD19 billion of capital under management.

“Our journey with Pravesha has been remarkable, establishing it as a prominent player in the pharmaceutical packaging industry in India. Today, Pravesha is a trusted partner for leading pharmaceutical companies, thanks to its unwavering focus on innovation, customer service, and agility. As we embark on the next phase of growth, PAG brings vision, deep expertise, and a senior team of highly experienced professionals with a proven track record of creating value. We believe that this business that we have built over so many years will be in safe hands and will scale new heights under PAG’s ownership.”

Bomma Sivaprasad Reddy, outgoing director at Pravesha