Temasek, KKR in Talks for Alliance Tire Group
Private equity firms including Singapore state investor Temasek Holdings and KKR & Co. are separately in advanced talks to buy Warburg Pincus LLC's majority stake in Indian tyre maker Alliance Tire Group for about $400 million, Reuters reported. Other interested bidders include U.S. private equity firms Advent International and TPG Capital, said the sources, all of whom declined to be named as the details of a possible deal are not yet public.
11 January 2013•2 mins read
