Advent and KKR make offers for L&T Valves unit

Private equity firms Advent International and KKR have made offers reported at around Rs 3,000 crore ($400-500 million) to buy 100% of L&T Valves from Larsen & Toubro, though no deal has been agreed.

“Private equity majors Advent International and KKR & Co have made offers to buy the industrial valves unit of engineering and construction conglomerate Larsen and Toubro (L&T).”timesofindia.indiatimes.com

• 1 source
• timesofindia.indiatimes.comAdvent, KKR make Rs 3,000cr offers for L&T’s valves arm - Times of IndiaDec 5, 2016

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