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KKR, TPG vies Honda

Big players eyes a stake in Honda Motor


September 18, 2010  |  comments ( 0 )  | 
KKR, TPG vies Honda

KKR & Co., TPG Capital, Carlyle Group and Bain Capital LLC are competing to acquire a part of Honda Motor Co.’s stake in India’s biggest motorcycle maker, according to five people with direct knowledge of the situation.

 

Two of the funds may jointly buy about 15 percent, valued at $1.1 billion, in Hero Honda Motors Ltd., three of the people said, declining to be named before an official announcement. Another 5 percent may be sold to the Hero Group’s Munjal family, which holds a 26.21 percent stake in the New Delhi-based company, two of the people said.


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