Private equity major KKR is selling its controlling stake in Alliance Tire Group (ATG) to Japan’s Yokohama Rubber..Yokohama will buy ATG for $1.2 billion (Rs 7,880 crore) from KKR and other shareholders including IFC to expand its commercial tyres business..AZB & Partners advised both KKR and IFC. The Mumbai office of AZB led by Partner Darshika Kothari along with Senior Associate Divya Mundra acted for KKR while Simpson Thacher & Bartlett acted as international legal counsel for KKR..The Delhi Partners Gautam Saha and Amrita Patnaik advised IFC..Cyril Amarchand Mangaldas acted for Japan’s Yokohama Rubber with a team led by Managing Partner Cyril Shroff along with Delhi Corporate Partner Harsh Kumar and Mumbai Partner Rishabh Shroff..Paul Weiss acted as International legal counsel for Yokohama Rubber.
