Warburg Pincus Buys AVTEC Minority Stake from Actis
April 17, 2013
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Warburg Pincus has acquired a minority stake in AVTEC, providing an exit for current investor Actis Capital and funding for future growth for the company. Based in New Delhi, AVTEC manufactures powertrain and engineered products for clientele like General Motors, Ford and Caterpillar. The company's manufacturing capabilities include engines, transmissions and intricate components like cylinder heads, cylinder blocks, crank shafts, cam shafts, cam rods and transmission gears for the automotive and off-highway segments.
