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Capri Stressed Assets Fund commits €45m in debut investment in ‘Unbrako’ brand owner Deepak Fasteners Ltd

Mumbai – CFI is pleased to announce it acted as exclusive financial advisor to Deepak Fasteners Limited in it’s acquisition of €45m in funding from Capri Stressed Assets Fund.

Established in 1958, Deepak Fasteners is the owner of the brand Unbrako and has currently installed capacity of 49,000 MT and 5 manufacturing facilities globally. It has wide range of over 20,000 SKUs catering to diverse industry segments with a distribution network across 40 countries and 250 plus dealers in India. It is already a PE funded company and current investors are DEG and Banyantree Growth Capital.

Capri Xponentia Managers LLP (CXM) is the investment manager of Capri Stressed Assets Fund, a Scheme of Capri India Investment Fund (earlier Capri India Real Estate Investment Fund). CXM is a joint venture between the Founders of Capri Global Group and Xponentia Capital Partners.

Sanjeev Kalra, Promoter of Deepak Fasteners added, “We plan to capture a major share of global market for industrial fasteners with an extensive and accessible worldwide marketing and distribution network and with our range of Made-in-India “Unbrako” fasteners. Capri Xponentia’s investment is a testament to our capability and potential. We are confident that we will be able to achieve our future targets and come out with an IPO in near future.”

This transaction closed on 14 June 2022.

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