BDA Partners (“BDA”) is pleased to announce that its client, Navis Capital Partners has divested equity in its portfolio company Oriental Containers Limited (“OCL”) to Oricon Enterprises Limited, a diversified Indian conglomerate.
Based in India, OCL is a leading manufacturer of caps and closures serving the food & beverage, FMCG and pharmaceutical industries with packaging products such as crowns, chamfered caps, aluminium collapsible tubes and twist off caps and whose customers include Coca-Cola, Pepsi, United Spirits and Hindustan Unilever among others.
BDA acted as the exclusive financial advisor to Navis on this transaction. Terms of the transaction were not disclosed.
BDA Deal Team
Charles Maynard, Senior Managing Director
Kumar Mahtani, Director
Diwakar Mitr, Assistant Director
Puneet Goyal, Assistant Director
Mansi Shah, Analyst
About Oriental Containers
Oriental Containers is India’s largest manufacturer of metal and plastic caps and closures with an annual installed capacity of 16 billion. The company is a market leader and focuses on manufacturing crown caps, ROPP and plastic carbonated soft drinks (CSD) closures. Has longstanding relationships with the leading companies across F&B, FMCG and pharmaceutical industries. www.orientalcontainers.com
About Navis Capital Partners
Founded in 1998, Navis focuses on private and public equity investments in Southeast Asia. Navis contributes both capital and management expertise to a limited number of well-positioned companies with the objective of directing strategic, operational and financial improvements. Navis has one of the largest private equity professional teams in Asia, comprising 60 individuals, supported by 30 administrative staff, in eight offices across the region. Navis manages over US$5bn in equity capital and has a long and proven track record in Asian private equity. www.naviscapital.com
About Oricon Enterprises Limited
Oricon Enterprises Limited is a flagship entity of Parijat Group that has presence across real estate, marine logistics, packaging, petrochemicals and automobile dealership.www.oriconenterprises.com