Tecnova India Pvt. Ltd. advised Intertape Polymer Group Inc. (IPG) on a Strategic Partnership with Capstone Polyweave Private Limited (Capstone). The principal purpose of the partnership will be to provide IPG with a globally-competitive supply of woven products.

IPG will be partnering with the current shareholders of Capstone, who are also the shareholders of Airtrax. Airtrax manufactures and sells woven products that are used in various applications, including in the building and construction industry.

The Mergers & Acquisitions team of Tecnova advised IPG in this multi-stage transaction. The team was involved in transaction structuring, negotiation between the parties and was the official investment banker in the deal. The Team was led by Mr. Karan Singal, CEO and Head of Mergers & Acquisitions at Tecnova.

IPG will acquire a 55% interest in Capstone for a cash consideration of approximately USD 13 million.

The deal is valued at approximately USD 25 million and was signed on June 14, 2017.

Related Posts

Top Sectors Driving India’s Economic Growth

The boosting economic growth of the country is projecting India to be the world’s fastest growing economy for the rest of the decade. The combined growth in the population and the economy will soon make India the fifth largest economy…....Read More..

Tesla, the Electric Car Manufacturer Reaps…

The continuous rise in middle-class income and the increasing young population in the country is resulting in strong growth, thereby increasing the demand.  India is expected to become a leader in shared mobility by the year 2030, providing innumerable opportunities…....Read More..

Major Countries Adding to FDI in…

Along with being a critical economic driver of economic growth, Foreign Direct Investment is a major source of non-debt financial resource for the economic development of the country. Foreign companies investing in India take advantage of relatively lower wages, special…....Read More..