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The furniture hardware maker in sights of KKR, TPG, Kedaara

Livemint · 1y ago

Medial

Private equity funds including KKR, Kedaara Capital, and TPG are competing to acquire a controlling stake in Mumbai-based furniture hardware company Ebco. The deal is estimated to be valued at around $300 million, with the PE funds expected to acquire a stake of 65-75%. The promoters of Ebco are likely to retain the remaining stake and continue to run the business. The move comes as the furniture market in India is predicted to grow at a compound annual growth rate of 13.37% by 2026. Ebco is aiming to expand its presence and increase its revenues from ₹900 crore to ₹3,000 crore in the next five years.