Carlyle, TPG wait as Hero Honda tie-up ends
The Carlyle Group and TPG Capital are among the private equity groups poised to step in to buy Honda's stake in Hero Honda, coming as the Indian motorcycle giant and its Japanese parent Honda wind up a 26-year JV. The potential ticket size of the deal may be much as $1.4 billion, according to reports.
A source at Carlyle confirmed the firm's participation in the transaction, but was unable to elaborate further due to sensitivities over Hero Honda's listed status. According to reports in the Financial...
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