Warburg Pincus, a private equity firm, agreed to acquire a 67% stake in Watertec India, a bathroom accessories and fittings maker, for $228m. "This investment will enable us to fortify our leadership position in the polymer-bath fittings market, enhance our brand equity, expand our product portfolio and extend our geographic presence to newer regions allowing us to serve customers and channel partners better," Ramesh Baliga, Watertec India Executive Director and CEO.