by NR INDRAN / INT

Mumbai – Everstone Capital Partners II, a US$ 580million fund managed by Everstone Capital has invested Rs. 60 Crores in OzoneOverseas Private Limited.

Ozone is an extremely fast growing brand in thearchitectural hardware space and is also one of the most reputed players in theurban infrastructure segment. The capital raised will be used to expand Ozone’smanufacturing capabilities, brand building and ramping up its distribution network.

Alok Aggarwal,Director, Ozone Overseas said, “I am veryexcited about the immense growth opportunities available in the Indian marketsand Everstone’s operational and strategic capabilities shall be extremelyvaluable in terms of achieving Ozone’s growth potential.”

Sameer Sain, ManagingPartner of Everstone Capital said, “As we build andtransform Indian urban landscape, there remains a growing need for high qualitybranded architectural hardware.  Ozonehas the right product mix, leadership and business model and is well positionedto become the market leader in this space. We look forward to working closely with Mr. Alok Aggarwal and takingthis business to the next level.”

Ozone Overseas, promoted by Mr. Alok Aggarwal, isIndia’s leading supplier of high end architectural fittings and urban streetinfrastructure head quartered in Delhi. The company has over 1,000 points ofpresence and multiple lines of business include, architectural hardwareproducts and solutions, like glass fittings, door closing devices, furniturefittings, etc.; customized stainless steel street furniture and other urbaninfrastructure products like bus shelters, kiosks, benches, bins, tree guards,street signage and advertising solutions, etc. The Company also does turnkeyprojects involving consultation, design and build facilities under a singleroof.

Everstone Capital is an India focused investor withdedicated private equity and real estate funds with assets under management ofaround USD 1.6 billion. Founded in 2006 by Atul Kapur and Sameer Sain,Everstone Capital now has more than 100 people working across five offices andhas invested over US$ 1 billion in India over the last 5 years. EverstoneCapital has an active operational, hands-on approach to its private equity andreal estate investment management businesses with a focus on companies that benefitfrom domestic consumption within India and several other sectors such as energyand infrastructure services.

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