# 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.

- Type: Acquisition
- Announced: 2016-12-06
- Where: India
- Value: $450.0M (30.0B INR)
- Status: rumored
- Products: industrial valves
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Larsen & Toubro](https://endata.com/companies/263.md) (partner)
- [L&T Valves](https://endata.com/companies/264.md) (target)
- [Advent International](https://endata.com/companies/430.md) (partner)
- [KKR & Co](https://endata.com/companies/7617.md) (partner)

## Sources

- [timesofindia.indiatimes.com](https://timesofindia.indiatimes.com/business/india-business/advent-kkr-make-rs-3000cr-offers-for-lts-valves-arm/articleshow/55823045.cms), 2016-12-05: "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)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.