Carlyle Acquires Controlling Stake in Highway Industries and Roop Automotives

Carlyle to Acquire AutoForm from Astorg

November 17, 2021

Software

Global investment firm Carlyle has agreed to acquire AutoForm AG, a Swiss provider of sheet metal forming and Body-in-White (BiW) assembly simulation software, from private equity firm Astorg. The transaction — subject to regulatory approvals — will see Carlyle support AutoForm’s growth by investing in its software platform, commercial operations and pursuing further acquisitions; financial terms were not disclosed.

Carlyle Acquires Worldpac from Advance Auto Parts for $1.5 Billion

August 22, 2024

Automotive

Funds managed by global investment firm Carlyle acquired Worldpac, Inc. from Advance Auto Parts for $1.5 billion in cash. Worldpac — a leading distributor of automotive replacement parts with more than 100 facilities and over 5,000 employees — generated roughly $2.1 billion of revenue and ~$100 million of EBITDA over the last twelve months; Carlyle intends to operate Worldpac as an independent, growth-focused company.

The Carlyle Group and Mubadala Take Minority Stakes in Apex Group Ltd.

July 15, 2021

Financial Services

Apex Group Ltd. secured minority equity investments from The Carlyle Group and Mubadala Investment Company alongside founder Peter Hughes and existing investors Genstar Capital and TA Associates. The capital supports Apex's continued organic growth and integration of recent acquisitions as it expands its global fund and asset servicing platform; financial terms were not disclosed.

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.

Bain Capital Makes Minority Growth Investment in Dhoot Transmission Group

January 16, 2024

Manufacturing

Bain Capital has made a strategic minority growth investment in Dhoot Transmission Group, a leading Indian manufacturer of automotive wiring harnesses and EV components, partnering with founder Rahul Dhoot to accelerate global expansion and inorganic growth. The investment will support Dhoot’s innovation, M&A strategy, and international footprint as the company scales its capabilities across ICE and EV segments.

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

December 2, 2024

Automotive

Aramco, through its wholly owned subsidiary Aramco Asia Singapore Pte. Ltd., has completed the acquisition of a 10% equity stake in Horse Powertrain Limited based on an enterprise valuation of €7.4 billion. Renault Group and Geely (via Geely Holding and Geely Auto) each retain 45% stakes; the investment formalises a strategic partnership to advance powertrain technologies, synthetic fuels and lubricants and accelerate lower‑carbon mobility solutions.