Announced
Financials
Sources
Tags
Miscellaneous Consumer Staple Goods
Cross Border
Public
Friendly
Acquisition
consumer goods
India
Private Equity
water purification
Majority
Pending
Single Bidder
Synopsis
Advent International, one of the largest and most experienced global private equity investors, agreed to acquire a 72.56% stake in Eureka Forbes, a provider of health and safety solutions space in India, from Shapoorji Pallonji Group, an Indian conglomerate company, for $435m. "Eureka Forbes is the No. 1 player in an under-penetrated market poised for strong growth over the next several years. Their Aquaguard brand is a household name in water purification, helping safeguard the health and well-being of a large segment of the Indian population. We look forward to working with Marzin Shroff and his team to guide EFL’s next phase of growth and solidify its market leadership," Shweta Jalan, Advent Managing Director.
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