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Announced

Warburg Pincus and Malabar Investments completed a $60m investment in boAt.

Financials

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Transaction Value£51m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Cross Border

Single Bidder

Acquisition

Friendly

Minority

Private Equity

Consumer Electronics

wireless headphones

India

Private

Completed

Synopsis

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Warburg Pincus, a global private equity firm, and Malabar Investments, an India-focused investment firm, completed a $60m investment in boAt, a consumer electronics startup. This fresh investment will enable the company to scale up its business across channels and geographies, further strengthen its category leadership within audio, enhance its R&D and design capabilities, and support building a local manufacturing ecosystem, the company said in a press release.

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