"The acquiring companies have six world-class manufacturing facilities across Europe and South East Asia, which have a combined sale in excess of Rs 2,000 crore to blue chip OEM's and tier one customer worldwide," Amtek Auto said in a filing to the BSE.
As part of the definitive agreement inked between the two firms, KKR will provide Amtek Global Technologies (AGT) 235 million euro of long-term, flexible financing to replace its existing bridge loan and consolidate all of the company's existing debt.
As part of the definitive agreement inked between the two firms, KKR will provide Amtek Global Technologies (AGT) 235 million euro of long-term, flexible financing to replace its existing bridge loan and consolidate all of the company's existing debt.
Amtek Auto's subsidiary Amtek Global has raised Rs 1,800 crore of long-term finance from global investment firm Kohlberg Kravis Roberts (KKR).
In its latest annual report filing with the US market regulator SEC, NYSE-listed KKR, however, said its funds also "invest throughout jurisdictions that have material perceptions of corruption according to international rating standards (such as Transparency International and Corruption Perceptions Index)."
As per the deal, KKR will subscribe to the convertible debentures issued by Prathap Reddy's holding company PCR Investments with an option to convert these debentures into equity shares of listed Apollo Hospitals at the end of five years.
The PE fund will subscribe to the convertible debentures issued by Prathap Reddy's holding company PCR Investments with an option to convert these debentures into equity shares of listed Apollo Hospitals at the end of five years, Apollo Hospitals said.
Magma Fincorp , said on Thursday it has acquired home loan portfolios from GE Capital India, a unit of General Electric Co.
Global private equity firms are fast stepping up their focus on Southeast Asia, a region that boasts high growth, favorable demographics and rising consumer affluence.
Tour operator Thomas Cook has received at least eight bids, including from private equity firms Kohlberg Kravis Roberts and Carlyle Group, for buying the company's stake in its Indian unit, the Business Standard reported on Thursday.
If private equity firms had their way, Hewlett-Packard Co would look less like a monolithic tanker and more like a small fleet of streamlined schooners.
In 2008 Young Turks, Puneet Dalmia, Managing Director of Dalmia Cement had been an inspiration to several young entrepreneurs. He is now on a mission to conquer Mount Everest. He wants to take the group revenues to over USD 10 billion by 2015.
Magma Fincorp raised Rs 439 crore via equities from US-based private equity, Kohlberg Kravis Roberts & Company (Rs 236 crore) and International Finance Corporation (Rs 203 crore) to support its expansion plans.
Shares of Warner Music Group surged nearly 23% on Friday on news that the world's No. 3 music company is up for sale.