Advent International to acquire a 72.56% stake in Eureka Forbes from Shapoorji Pallonji Group for $435m.

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.