Ex-Balkrishna Exec, Warburg Pincus to Buy Alliance Tire - Tire Review Magazine

Ex-Balkrishna Exec, Warburg Pincus to Buy Alliance Tire

(Akron/Tire Review) As reported last week, private equity firm Warburg Pincus LLC, and former Balkrishna Industries executive director Yogesh Mahansaria have formally launched an effort to buy Israel’s Alliance Tire Co.

Alliance is owned by Fishman Holdings and has been valued at $45 million. Alliance and the Warburg/Mahansaria group have entered into negotiations. Alliance said it expects the deal to close in the second quarter of this year.

Mahansaria quit Balkrishna Tyres, Indian tire producer owned by his family, citing “family differences.”

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