Private equity major KKR is selling its controlling stake in Alliance Tire Group (ATG) to Japan’s Yokohama Rubber..Yokohama will buy ATG for $1.2 billion (Rs 7,880 crore) from KKR and other shareholders including IFC to expand its commercial tyres business..AZB & Partners advised both KKR and IFC. The Mumbai office of AZB led by Partner Darshika Kothari along with Senior Associate Divya Mundra acted for KKR while Simpson Thacher & Bartlett acted as international legal counsel for KKR..The Delhi Partners Gautam Saha and Amrita Patnaik advised IFC..Cyril Amarchand Mangaldas acted for Japan’s Yokohama Rubber with a team led by Managing Partner Cyril Shroff along with Delhi Corporate Partner Harsh Kumar and Mumbai Partner Rishabh Shroff..Paul Weiss acted as International legal counsel for Yokohama Rubber.
Private equity major KKR is selling its controlling stake in Alliance Tire Group (ATG) to Japan’s Yokohama Rubber..Yokohama will buy ATG for $1.2 billion (Rs 7,880 crore) from KKR and other shareholders including IFC to expand its commercial tyres business..AZB & Partners advised both KKR and IFC. The Mumbai office of AZB led by Partner Darshika Kothari along with Senior Associate Divya Mundra acted for KKR while Simpson Thacher & Bartlett acted as international legal counsel for KKR..The Delhi Partners Gautam Saha and Amrita Patnaik advised IFC..Cyril Amarchand Mangaldas acted for Japan’s Yokohama Rubber with a team led by Managing Partner Cyril Shroff along with Delhi Corporate Partner Harsh Kumar and Mumbai Partner Rishabh Shroff..Paul Weiss acted as International legal counsel for Yokohama Rubber.
