Warburg Pincus completed the acquisition of a majority stake in Ebco for $268m.

Warburg Pincus, a private equity firm, completed the acquisition of a majority stake in Ebco, a furniture fittings and architectural hardware company, for $268m. “We believe that the Indian furniture fittings and architectural hardware industry is poised for significant growth over the next several years, underpinned by tailwinds from favourable demographics fuelling real estate demand, rising furniture modularization, and increasing home renovations. Ebco has been a pioneer in this industry with its innovative, functional, and high-quality products. We are highly impressed with the Company’s journey so far and believe it is well-positioned to capitalize on these tailwinds. We look forward to partnering with Ebco as it embarks on its next phase of growth," Anish Saraf, Warburg Pincus Managing Director.