Investment Summary

CK Birla Group Invests In Avtec

On April 19, 2018, CK Birla Group invested in automotive company Avtec from Warburg Pincus

Investment Highlights
  • This is CK Birla Group’s 1st transaction in the Automotive sector.
  • This is CK Birla Group’s 1st transaction in India.

Investment Summary
Date 2018-04-19
Target Avtec
Sector Automotive
Investor(s) CK Birla Group
Sellers(s) Warburg Pincus
Deal Type Stake Purchase

Target

Avtec

New Delhi, India
Avtec Ltd. is an independent manufacturer of engines and transmissions (Powertrains), supplying critical auto components to reputed global OEMs including GM, Ford, Mahindra & Mahindra, Caterpillar, BEML and Hindustan Motors.

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Investor(S) 1

Investor

CK Birla Group

New Delhi, India
Category Company
Founded 1949
Sector Diversified
DESCRIPTION

Formed in 1949, CK Birla is an Indian conglomerate operating in three industry clusters: technology and automotive, home and building, and healthcare and education.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Stake Purchase) 1 of 1
Country (India) 1 of 1
Year (2018) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-22 Orient Cement

New Delhi, India

Orient Cement specializes in producing cement products including portland pozzolana cement, ordinary portland cement, and portland slag cement catering to diverse construction. Orient Cement was founded in 1979 and is based in New Delhi, India.

Sell -

Seller(S) 1

SELLER

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.

DEAL STATS #
Overall 160 of 251
Sector (Automotive) 3 of 4
Type (Stake Purchase) 9 of 12
Country (India) 11 of 22
Year (2018) 5 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-13 Techcombank

Hanoi, Vietnam

Techcombank is a private sector bank providing a broad range of banking products and services to more than 5.4 million customers in Vietnam with an extensive network of 315 branches across Vietnam. Techcombank was founded in 1993 and is based in Hanoi, Vietnam.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-01 Edelman Financial Engines

Santa Clara, California, United States

Edelman Financial Engines is a financial planning and investment management firm. Edelman Financial Engines was founded in 1986 and is based in Santa Clara, California.

Buy $3.0B
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