Gossip Circulating: EQT, Bain Capital, Warburg Pincus, Whirlpool of India, and Nash Industries Featured in Recent News Reports
Private equity firms EQT and Bain Capital are reportedly considering significant investments in two Indian companies, Whirlpool's India arm and contract manufacturer Nash Industries.
According to media reports, EQT and Bain Capital are eyeing a controlling stake in Whirlpool's India arm, following the withdrawal of rival bidders from the race. This potential acquisition could mark a significant move for the firms in the Indian market. Meanwhile, EQT and Warburg Pincus are exploring an investment in Nash Industries, a contract manufacturer based in Bengaluru.
Nash Industries is planning a partial stake sale, targeting around $200 million. While the specific details of EQT and Warburg Pincus' involvement in the company remain unclear, the investment could be another notable move for EQT in the Indian market.
The media report did not disclose the financial terms of the potential investments in either Whirlpool's India arm or Nash Industries. It is also unclear what role or stake EQT and Warburg Pincus are considering in Nash Industries.
Whirlpool's India arm remains under consideration for a controlling stake by the private equity firms, but the deal has not been finalized. The potential investment in Nash Industries is being considered independently of the potential investment in Whirlpool's India arm.
Rival bidders have withdrawn from the race for a controlling stake in Whirlpool's India arm, leaving EQT and Bain Capital as the remaining contenders. Separately, EQT and Warburg Pincus are considering a potential investment in Nash Industries.
EQT is involved in two potential investments in India, one with Whirlpool's India arm and another with Nash Industries. Warburg Pincus is also involved in the potential investment in Nash Industries, alongside EQT.
These potential investments highlight the continued interest of private equity firms in the Indian market, particularly in the manufacturing sector. As the details of these deals unfold, it will be interesting to see how these investments shape the future of Whirlpool's India arm and Nash Industries.
The financial involvement of EQT and Bain Capital could be substantial in the potential acquisitions of Whirlpool's India arm and Nash Industries, as they consider controlling stakes and investments, respectively. The potential deals, if successful, may significantly impact the financial landscape of both companies.
