M&A Deal Summary

Warburg Pincus Acquires Watertec

On June 27, 2023, private equity firm Warburg Pincus acquired building materials company Watertec

Acquisition Highlights
  • This is Warburg Pincus’ 3rd transaction in the Building Materials sector.
  • This is Warburg Pincus’ 46th transaction in India.

M&A Deal Summary

Date 2023-06-27
Target Watertec
Sector Building Materials
Buyer(s) Warburg Pincus
Deal Type Buyout (LBO, MBO, MBI)

Target

Watertec

Coimbatore, India
Watertec is a polymer-based bath fittings brand in India. The company has a comprehensive product portfolio that includes taps, showers, health faucets, pipes, and sanitaryware, among others. Watertec has three manufacturing facilities in South India and a deep distribution network across the country, especially in Tier II-III cities. Watertec was founded in 1996 and is based in Coimbatore, India.

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Buyer(S) 1

Buyer

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 472 of 492
Sector: Building Materials M&A 3 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 84 of 86
Country: India M&A 46 of 49
Year: 2023 M&A 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-17 Docebo

Toronto, Ontario, Canada

Docebo is a provider of a Software-as-a-Service (SaaS) enterprise learning management system (LMS) that is sold in more than 80 countries. Established in 2005, Docebo (Latin for “I will teach”) has more than 28,000 installations and offers an enterprise solution for mid-size to large organizations. Customers benefit from Docebo solutions thanks to a scalable pricing model, a third-party integration (via API), and reliable service available 24/7 to further enhance the user experience. Docebo was founded in 2005 and is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-24 Once For All

Paris, France

Once For All is a provider of supply chain risk management solutions for the construction industry. The company helps its customers source and track sales opportunities, manage risk and compliance, and provide tools to increase efficiency in their supply chains. Once For All has over 150,000 customers that use its single codebase SaaS solution to search, find and assess future business relationships based on skills, trades, and ESG credentials. Once For All is based in Paris, France.

Sell -