PE firms set to drive consolidation in India's auto components industry
- While Blackstone Group is actively looking for assets under its Comstar platform, Warburg Pincus is exploring similar deals
- There's an increased willingness to sell among family-owned auto component firms due to succession and investment issues
Mumbai: A wave of consolidation may soon sweep India’s fragmented auto components industry as top private equity (PE) firms are buying and aggregating mid-sized parts makers to tap the lucrative global market. While Blackstone Group, the world’s largest private equity firm, is actively looking for assets under its Comstar platform, some of its peers, including Warburg Pincus, are exploring similar deals.
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