Showing posts from March 25, 2016

Yokohama Rubber to acquire KKR-owned Alliance Tire Group

NEWS Fri, Mar 25 2016 : 

The Yokohama Rubber Co. Ltd has agreed to buy Alliance Tire Group, a Netherlands-based company led by Indian entrepreneur Yogesh Mahansaria, for $1.2 billion from private equity firm KKR & Co. Ltd. Yokohama Rubber, a Japanese maker of passenger-car tyres, will purchase all shares from KKR and other parties and expects to complete the acquisition by 1 July, according to a statement released on Friday.

The deal is valued at about 2.2 times Alliance Tire’s annual sales and more than 12 times its operating profit for the 2015 fiscal year.

NAMEMARKET CAPSALES 2015NET PROFIT 2015MC to SMC  to NPAPOLLO TYRE8918127859780.709BALKRISHNA INDS599237804891.5912CEAT434855922990.7815GOODYEAR INDIA111515791010.7111JKTYRE193061252530.328MRF14984131988981.1417TVS SRICHAKRA181918961040.9617