# Blackstone to acquire $300 million stake in Sona BLW and merge with Comstar

Blackstone is in advanced talks to acquire a 32% stake in Sona BLW Precision Forgings from JM Financials for about $300 million, and plans to merge it with Comstar Automotive.

- Type: Acquisition
- Announced: 2018-11-22
- Where: India
- Value: $300.0M
- Status: announced
- Products: precision forged bevel gears, differential case assemblies, synchronizer rings, starter motors, alternators
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Blackstone Group](https://endata.com/companies/2364.md) (acquirer)
- [Sona BLW Precision Forgings](https://endata.com/companies/10691.md) (target)
- [JM Financials](https://endata.com/companies/35638.md) (investor)
- [Comstar Automotive](https://endata.com/companies/35639.md) (partner)

## Sources

- [auto.economictimes.indiatimes.com](https://auto.economictimes.indiatimes.com/news/auto-components/blackstone-to-acquire-300-mn-stake-in-sona-blw-to-merge-it-with-comstar/66753581), 2018-11-22: "Blackstone is in advance talks to acquire a stake in Indian auto parts maker Sona BLW Precision Forgings."

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