Warburg Pincus buys majority stake in India bath fittings brand
Warburg Pincus has acquired a majority stake in India’s Watertec, an affordable bath fittings brand with a nationwide footprint.
The private equity firm is taking a 66% position, according to AVCJ Research. The deal values the company at about USD 200m, Mint reported, adding that Warburg Pincus is positioned to take up the remaining...
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