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Carlyle auto parts platform takes shape with $600 mn buyouts
Mint Hyderabad
|February 14, 2025
Carlyle will help Highway and Roop leverage synergies, expand capabilities, and enhance customer value
Global investment firm Carlyle on Thursday said it has built a diversified auto components platform under which it has consolidated Highway Industries and Roop Automotives Ltd by acquiring a controlling stake in the two companies.
While Carlyle did not disclose the exact details of the transaction, a person familiar with the matter said the company had acquired a 67% stake each in Roop and Highway for a total consideration of $400 million.
Mint had reported in September about the investment firm's plans to build a $400 million platform in India with a focus on companies catering to electric vehicles, as well as export-led companies.
This story is from the February 14, 2025 edition of Mint Hyderabad.
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