# 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).

- Type: Acquisition
- Announced: 2023-11-08
- Where: India
- Value: $1.07B (66.0B INR)
- Status: announced
- Products: fans, residential pumps, lamps, water heaters, toasters, irons
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Advent International](https://endata.com/companies/430.md) (acquirer)
- [Crompton Greaves Consumer Electricals](https://endata.com/companies/13390.md) (target)
- [Temasek Holdings](https://endata.com/companies/18585.md) (acquirer)
- [Avantha Group](https://endata.com/companies/73632.md) (partner)

## Sources

- [avcj.com](https://www.avcj.com/avcj/news/56152/advent-temasek-to-buy-crompton-greaves-consumer-unit), 2023-11-08: "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."

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