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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments, Market

Bain, GIC to acquire part of honda stake in Hero JV

Posted on 01 February 2011

From Business-standard.com: Private equity firm Bain Capital LLC and Government of Singapore Investment Corporation(GIC), a sovereign fund owned by the government, are close to picking up part of Honda’s 26 per cent equity stake in the world’s largest two-wheeler manufacturer Hero Honda.
The two funds have left behind many other contenders, which had shown interest in the deal, including PE funds like KKR, Carlyle, Warburg Pincus and TPG, among others, say sources. They also say that the deal is being negotiated at a price of around Rs 1,500 to Rs 1,600 a share……………………………………….Full Article: Source


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