Advent and Temasek to buy 34.37% stake in Crompton Greaves consumer unit

Advent International and Temasek Holdings have agreed to buy a 34.37% stake in Crompton Greaves Consumer Electricals (CGCEL) from Avantha Group, valuing the business at INR66 billion ($1.07 billion).

“Both Advent and Temasek have extensive financial, sector and operational expertise, and we believe they are well-positioned to support CGCEL in its next phase of growth.”avcj.com

• 1 source
• avcj.comAdvent, Temasek to buy Crompton Greaves' consumer unit | AVCJTim BurroughsNov 8, 2023

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