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Capri Fund Invests in Deepak Fasteners
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2022-07-07
Capri Stressed Assets Fund announced in June that it has recently made its first investment in Deepak Fasteners Limited headquartered in India, taking significant minority stake in the company.
By capitalizing on its strong brand, market positioning, and distribution network, Deepak Fasteners targets to emerge as a major player in the industrial fasteners segment worldwide over the next few years and intends to come out with a public offering of its equity shares in the next few years.
“It is our belief that the company is at the cusp of emerging as a preferred fastener partner for the Indian industry driven by its strong world-renowned ‘Unbrako’ brand, excellent manufacturing capabilities and the unfolding India growth story. This investment underlines our philosophy of working with companies having strong and resilient business models, help them turnaround their business operations and evolve as a major player within their industry,” commented Rajesh Sharma, Founder of Capri Global Group.
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