Warburg Pincus acquires majority stake in Ebco, a furniture hardware maker in India, for $405-$433M.

Private equity firm Warburg Pincus acquires majority stake in Mumbai-based Ebco, a furniture hardware maker, for ₹3,000 crore ($405-$433 million). The deal values Ebco at Rs3000-3200 crore and the company's promoters will retain a significant minority stake. Warburg Pincus plans to leverage Ebco's growth in India's furniture market, expected to reach $37.7 billion by 2025-26, driven by factors like demographics, modularization, and home renovations.

August 16, 2024
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