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Employing more than 2,500 people worldwide, ATG is a global developer,
manufacturer and supplier of a wide range of off-highway tires, catering
primarily to the agricultural, forestry and construction industries.
ATG's tires are manufactured at dedicated facilities in
"We would be delighted to have KKR as our new incoming partner. Our team is impressed by KKR's franchise and its strong track record. KKR's investment will enable us to continue to expand into new markets, make strategic acquisitions, and help scale our global presence" said Mr. Mahansaria. "We would also like to thank Warburg Pincus for its support during the past six years as it helped create and build ATG into the global industry leader that it is today."
"ATG is a leader in an attractive industry with strong underlying growth
drivers. We are thrilled to be partnered with Yogesh and his management
team and look forward to leveraging our global network to support their
continued growth," said
"From funding the initial acquisition of
KKR's investment in ATG is being made through KKR's investment funds and
will be supported by a financing tranche led by Crescent Mezzanine with
additional participation by the
Employing more than 2,500 people worldwide, ATG is a global developer, manufacturer and supplier of a wide range of off-highway tires, catering primarily to the agricultural, forestry and construction industries. ATG's tires are manufactured at dedicated facilities in
Founded in 1976 and led by
About Warburg Pincus
Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has more than
The firm is headquartered in
This release contains certain forward-looking statements. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. Without limiting the foregoing, statements regarding the acquisition of ATG and the resulting combined business may constitute forward-looking statements. Such statements are subject to the risk that the terms of such transaction may be modified, the transaction may not be completed at all or the benefits and synergies from such transactions are not realized. The forward-looking statements are based on the beliefs, assumptions and expectations of the parties referenced herein, taking into account all information currently available to them. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to these parties or are within their control. None of the parties undertakes any obligation to update any forward-looking statements to reflect circumstances or events that occur after the date on which such statements were made except as required by law.
Key Media Contacts:
Edelman India (for KKR India)
T: +91 77380 15770
Hill+Knowlton Strategies Asia (for KKR Asia)
T: +852 2894 6313
Edelman India (for KKR India)
T: +91 99875 56960
For Warburg Pincus
T: +91 9920549085
Source: Kohlberg Kravis Roberts & Co. L.P.
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