Motilal Oswal Alternates, the private equity arm of the Motilal Oswal Group, has made a ₹600 crore investment in KARAM Safety Private Limited, through its India Business Excellence Fund V.
The transaction comprised a primary investment in KARAM and a secondary acquisition of shares from its existing shareholders.
Touchstone Partners advised MO Alternates on this transaction.
The transaction team consisted of Anirudh Agarwala (Partner), Pranay Bagdi (Partner), Pranjal Doshi (Counsel), Kajal Advani (Senior Associate), Associates Aastha Vyas, Neelima Hande, Harshita Gupta and Paras Tripathi.
Trilegal advised Karam Safety and its promoters on this transaction.
The transaction was led by Amit Khansaheb (Partner) and Abhishek Dubey (Partner), with support from Sarthak Sood (Counsel), Ishita Sinha (Counsel) and Aditya Kaushik (Associate).
Established in 1998, Karam Safety is India’s largest player in the fall protection and personal protection equipment segment. Karam Safety has vertically integrated manufacturing facilities across India, South Africa and Brazil and exports its safety solutions to more than 140 countries across the US, Europe, South America, Africa and Asia-Pacific under four global brands. It has a portfolio of more than 3,800 products and a workforce of over 4,500 employees.
The investment from Motilal Oswal Alternates will support Karam Safety’s inorganic growth and diversification strategy, as well as strengthen its manufacturing capabilities, product innovation and global distribution network.
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