Reuters – KKR Buying Controlling Stake in Alliance Tire

U.S. buyouts firm KKR & Co L.P. has agreed to buy a controlling stake in Alliance Tire Group from Warburg Pincus, the three companies said on Friday, without disclosing details of the transaction. The deal would be the biggest private equity transaction in India after Bain Capital paid about $1 billion to buy a 30 percent stake in business process and technology services provider Genpact in August 2012. The U.S. private equity firm will put in slightly over $300 million of its own money to buy an over 75 percent stake in Alliance, a source familiar with the matter told Reuters on Friday.

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