Aramco (via Aramco Asia Singapore) Acquires 10% Stake in Horse Powertrain Limited

Ardian Acquires Remaining Stake in Hill Top Energy Center

April 28, 2025

Energy

Ardian has acquired the remaining equity stake in Hill Top Energy Center, giving it 100% ownership and full operational control of the 620 MW combined-cycle gas turbine in western Pennsylvania. The asset sells capacity and energy into the PJM market and the transaction is Ardian Americas Infrastructure Fund V's first energy investment, intended to support long-term growth and reliable power supply for rising electricity demand.

CJ Pony Parts Acquires American Powertrain

July 11, 2024

Automotive

CJ Pony Parts has acquired American Powertrain, a U.S.-based maker of transmission kits for classic and muscle vehicles, to expand CJ Pony's portfolio of in-house proprietary brands and product capabilities. The deal will give American Powertrain access to CJ Pony's e-commerce distribution and resources to support growth; Century Park Capital Partners is referenced as the PE investor and board representation for CJ Pony.

Carlyle Acquires Controlling Stake in Highway Industries and Roop Automotives

February 13, 2025

Manufacturing

The Carlyle Group, with equity from funds affiliated with Carlyle Asia Partners (CAP), completed a controlling-stake acquisition of Highway Industries Limited and Roop Automotives Limited, combining the businesses into a single platform serving global automotive OEMs. Carlyle intends to scale the platform through consolidation, operational improvements and potential synergistic add-ons to deepen capabilities across forged and precision-machined components, steering assemblies and powertrain applications.

MiddleGround Capital Acquires Majority Stake in Helix (Integral Powertrain Ltd.)

July 29, 2024

Manufacturing

MiddleGround Capital has acquired a majority ownership stake in Integral Powertrain Ltd. (trading as Helix), a Milton Keynes–based designer and manufacturer of high-performance electric motors, inverters, and integrated drive units. The founding shareholders remain minority owners and MiddleGround plans to scale production, expand Helix's commercial footprint (particularly into the United States), and invest in new product development and manufacturing capacity.

Horsepower Automotive Acquires Flatline Van Company

June 8, 2023

Automotive

Horsepower Automotive Group, a Huron Capital-backed aftermarket automotive platform, has acquired Flatline Van Company, a Portland-based maker of camper-van roof racks, ladders, bed systems and accessories. The Flatline founders will remain with the business and join Horsepower’s advisory and product teams as the company expands its adventure-van aftermarket product offering as an add-on to the Horsepower platform.

Warburg Pincus Affiliate Acquires Majority Stake in Imperial Auto Industries

March 8, 2022

Automotive

Stone Plant Investments B.V., an affiliate of Warburg Pincus, has acquired a majority stake in Imperial Auto Industries Limited, India’s largest manufacturer of fluid transmission products. The investment will fund capacity expansion, accelerate EV battery-cooling product development, and support Imperial’s export and global growth plans while the existing management led by CEO Tarun Lamba remains in place.