As stated in the previous article that Honda motor corporation to sale it’s 26.21% stake in Hero Honda. According to today’s Bloomberg news KKR & Co., TPG Capital, Carlyle Group and Bain Capital LLC are in the race of acquiring stake of Honda Motor Co.’s in Hero Honda.
It may be possible that two funds jointly buy about 15% and another 5% may be sold to the Hero group’s Munjal family according to news. The buyout firms mainly looking on the technology agreement deal which expires in 2014. A new agreement for providing technology after 2014 would make the deal more likely and lucrative for buyout firms.
When contacted Honda spokesperson he said “We are talking with our partner on various areas of the business, but cannot speak about the specific details.” While the spokesman for Hero Honda, declined to comment and referred calls to hero group. Stay tuned for more updates.