KKR Plunks Down $640M For Warburg Pincus India Tire Unit

Law360, New York (April 12, 2013, 2:56 PM EDT) -- New York buyout specialist KKR & Co. LP will put up a reported $640 million for a controlling stake in India's Alliance Tire Group, placing it at the center of the largest private equity deal in the country since last summer.

In the deal, KKR will lift the ownership interest from fellow investment house Warburg Pincus LLC, which bought into the tire maker in 2007. None of the companies disclosed the exact size of the interest or a purchase price, which the Wall Street Journal pegged,...
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