18:22 | 14.03.2018
Delos Capital Acquires Sage Metals Limited

Delos Capital (“Delos”), a private equity firm based in New York,
announced the acquisition of Sage Metals Limited (“Sage” or the

Sage is a leading manufacturer of specialty metal products serving the
North American electrical, power utility, industrial, and drainage end
markets. The Company was founded over 30 years ago and is based in
Delhi, India.

Delos acquired Sage from its founders, Vinod K. Agarwal and S.P.
Agarwal, and partnered with one of the owners, R. Krishnan, and a new
U.S. based management team in the transaction. Delos raised acquisition
financing from Olympus Capital Asia Credit and SSG Capital Management.

“Delos is excited to partner with the Sage management team for the next
stage of the Company’s growth”, said Michael Rakiter, Partner at Delos
Capital. “Sage has a long history as a best-in-class provider of custom
metal fabrication solutions to leading original equipment manufacturers.
We believe this partnership will strengthen the Company’s presence in
North America and accelerate the business toward significant growth.”

R. Krishnan, owner and new CEO of Sage, said “We are embarking upon a
new and exciting phase in the Company’s journey. Over the years the
promoters have built a strong organization which provides an excellent
launching pad for taking the Company to greater heights. Delos, along
with their operating partners, have all the elements required to make
this happen in the most efficient way.”
About Delos Capital
Delos Capital, founded in 2013, is a lower middle market private equity
firm specializing in management buyouts, recapitalizations, and growth

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