India Awards: PE Deal of the Year – Hero Honda Motors
India sees few big-ticket private equity deals outside the infrastructure space. Securing a stake in a leading player in the automotive sector is even rarer. Bain Capital is therefore all too aware that its investment in Hero Honda Motors in March isn’t about to become standard fare.
"It was a unique set of circumstances," says Pawan Singh, a partner with Bain Capital India. "Deals of this size outside of infrastructure are the exception to the rule. At same time assets of such quality...
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