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PE investment in auto components up 607% in 2017, M&A deals nearly triple

Three deals alone attract $90 mn, as industry grows at 15% CAGR

T E Narasimhan  |  Chennai 

Private equity investment in the automobile component sector rose 607 per cent to $90.2 million in the first five months of this calendar year, over the same period last year. Merger and acquisition (M&A) deals in the sector were up 170 per cent to $254.8 million. According to VCCEdge data, three deals alone attracted around $90 mn this year.

These included Piramal Finance's investment of $42.5 million in RSB Transmissions India and $44.9 million in IndoShell Mould. SAIF Partners India invested around $2.8 million in Fiem Industries. Khushru Jijina, managing director at ...

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First Published: Thu, June 08 2017. 18:22 IST
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