9 Apr 2013
ERJ staff report (BC)
New Delhi – New York-based private equity group Kohlberg Kravis Roberts (KKR) will purchase a 90 percent share of Alliance Tire Group from rival PEG WarburgPincus and Yogesh Kumar Mahansaria for about €498m, including a debt of €96m, reports Economic Times.
The deal is likely to be announced this week, according to the newspaper.
Under the proposed deal, Warburg Pincus will exit Alliance completely, while Mahansaria will own a 10 percent stake after selling 10 percent to KKR.
This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.
Subscribe for unlimited access. A subscription to European Rubber Journal includes:
Already a subscriber? Log in here
