KKR closes in on Alliance Tire buyout - report
KKR is said to be in the final stages of acquiring an 80% stake in Indian tire maker Alliance Tire Group. The deal values the company at $600 million and it will see KKR buy Warburg Pincus' entire interest in the company as well as shares from other minority stockholders.
An exclusivity agreement was signed by both KKR and Warburg Pincus on Monday, according to Live Mint. Advent International, The Blackstone Group and Temasek Holdings were reportedly among those eyeing...
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