Acquisitions in Haryana, India

Carlyle has completed the acquisition of a controlling stake in Highway Industries Limited and Roop Automotives Limited through a proprietary, exclusive transaction funded by vehicles affiliated with Carlyle Asia Partners. The two India-based auto components manufacturers will be combined into a diversified platform producing forged and precision-machined components, steering assemblies, transmissions, and other powertrain-related parts for electric, hybrid, and ICE vehicles, with founders retaining minority stakes.

Bill Gosling Outsourcing (BGO) acquired India-based MattsenKumar (MK), a provider of contact center and back-office/BPO services including third-party quality, data analytics, and innovation/strategy services. The deal expands BGO’s global delivery footprint and capabilities in the Indian BPO market, with MattsenKumar’s leadership retaining significant ownership and continuing to run the Indian business. Financial terms were not disclosed.

Stone Plant Investments B.V., an affiliate of Warburg Pincus, acquired a majority stake in Imperial Auto Industries Limited and its affiliated companies. Imperial Auto is India’s largest manufacturer of fluid transmission products for automotive and off-highway markets, and will continue to be led by promoter-CEO Tarun Lamba as it pursues capacity expansion and EV-related product development.