Warburg Pincus (via Canyon Trail) Acquires Majority Stake in Watertec India
June 27, 2023
Canyon Trail Investments B.V., an affiliate of Warburg Pincus, has acquired a majority stake in Watertec India Private Limited, a Coimbatore-based polymer bath-fittings manufacturer and brand. The investment will support Watertec’s growth — expanding product portfolio, strengthening brand equity, and broadening geographic reach across Tier 2/3 and rural India; Mathew Job will join as Executive Chairman.
- Buyers
- Canyon Trail Investments B.V., Warburg Pincus LLC
- Targets
- Watertec India Private Limited
- Industry
- Building Products
- Location
- Tamil Nadu, India
- Transaction Type
- Buyout
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