Advent, Temasek exit partially from Crompton Greaves Consumer

  • Deal
  • November 24, 2020

J. Sagar Associates (JSA) advised Advent International and Temasek on their partial exit in Crompton Greaves Consumer Electricals Limited. Advent and Temasek collectively sold 8.75% shares of Crompton Greaves for an aggregate consideration of approximately Rs. 1631.08 crores. This is the second liquidity event for both investments firms from Crompton Greaves Consumer which makes products ranging from fans, light sources and luminaires, pumps and household appliances such as geysers, air coolers, mixer grinders, toasters, irons and electric lanterns.

JSA was represented by PartnersVikram Raghani and Bir Bahadur S. Sachar and Senior Associate Abhilash Chandran.