KKR to Acquire Controlling Stake in Alliance Tire Group

KKR (NYSE: KKR  ) is getting into the car business, to a certain extent. The storied private equity firm has reached an agreement to take a controlling stake in Alliance Tire Group, a multinational manufacturer of off-highway tires. The seller is fellow private equity operator Warburg Pincus. The terms of the deal were not disclosed.

KKR said in the press release announcing the acquisition that ATG founder Yogesh Mahansaria will continue to hold a stake in the company and that he will "partner with KKR to continue to grow the business."

The deal is subject to regulatory approval. KKR did not provide an estimate for when the sale might close.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2361958, ~/Articles/ArticleHandler.aspx, 12/21/2014 7:38:25 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement