Announced
Completed
Financials
Sources
Tags
steel manufacturer
Acquisition
Cross Border
Friendly
Private Equity
India
iron & steel manufacturing
Iron and Steel
iron
Private
Restructuring
Majority
Completed
Synopsis
Private equity firms, CarVal and Nithia Capital, completed the acquisition of Uttam Value Steels, a manufacturer of steel products, and Uttam Galva Metallics, an iron and steel manufacturer, for $273m. "This transaction has been a great learning curve for us in doing business in India. In the process, we have been successful in fostering stronger ties with local institutions and businesses," Rajib Guha, Nithia Capital Partner.
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