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EY has successfully advised Ozone Overseas Private Limited (Ozone) in raising INR 255 crore from Nuvama Wealth and Asset Management Private Limited (Nuvama) by way of equity investment in Ozone, subject to necessary regulatory approvals.
EY acted as the exclusive financial advisor to Ozone
Ozone is a pioneer in the Indian architectural hardware industry with a brand legacy of over 20 years. The company is engaged in the trading and manufacturing of glass fittings, kitchen and furniture fittings, door control, digital safes and locks, and allied product categories. Ozone has a pan-India presence through its strategically located manufacturing facilities and distribution network.
Nuvama Asset Management is a leading India-focused crossover fund providing growth and late-stage capital to high-potential, mid-market businesses run across the consumer, educational, and training services (B2C) and auto sectors. The fund has more than INR 7,000 crore in AUM in India.
Ozone is at the inflection point of exponential growth, and this round of funding with Nuvama will act as a launchpad to further pursue growth opportunities in the exciting home improvement and hardware space. This will also enable Ozone to pursue both organic and inorganic growth opportunities within the existing and even newer product categories. Nitin Gupta Partner, Investment Banking Advisory, EY