THEAFRICABAZAAR
October 19, 2016
Actis announced its exit from Endurance Technologies, a privately held Indian auto component company, through an Initial Public Offering listing.
The listing of Endurance Technologies, which has caught the interests of major investors including Goldman Sachs, Capital World, Nomura and the Government of Singapore, opened on October 5 as an unadulterated offer for sale with no additional shares issued with a market cap of a billion dollar-one of the largest auto component businesses listed in India.
Actis made its first investment in the Endurance Group in 2011and has contributed to the optimization and growth of the company to become one of the most successful auto component manufacturers in Europe over the last 5 years and the go- to partner for original equipment makers particularly in the two-wheeler sector.
Copyright 2016 THEAFRICABAZAAR online, a publication of Imek Media, LLC. All Rights Reserved.
