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Indorama Ventures acquires majority stake after merger of its packaging business-Indovida with Blackstone owned EPL
D&P advised Indorama Ventures on acquiring majority control in Blackstone-owned EPL through the merger of its packaging business – Indovida India with EPL India, creating a combined business valued at approximately USD 2 billion. The transaction involved complex cross-border group restructuring followed by amalgamation with an Indian listed company. This is one of the largest and most marquee deals in India’s packaging sector.
D&P Advisory acted as the valuation advisor to Indorama Ventures for this transaction. This transaction was one of its kind in terms of complications and various global entities involved. Based on the valuation analysis and the swap ratio recommended by us, Indorama Ventures will emerge as a promoter of the merged entity, holding 51.8% stake in the merged entity.







