Whirlpool Corporation (NYSE:WHR) is considering selling a 31% stake in its Indian subsidiary, attracting interest from private equity giants like Advent International, L.P., Bain Capital, LP, and TPG Capital, L.P. The sale aims to raise $550-600 million, with Whirlpool Corp. retaining a 20% stake and increased autonomy for the Indian unit. Advent International, Bain Capital, TPG, EQT AB (publ), The Carlyle Group Inc. (NasdaqGS:CG) and KKR & Co.
Inc. (NYSE:KKR) are among private equity funds that have been sounded out on buying into Whirlpool?s India business (Whirlpool of India Limited (BSE:500238)) as the US parent looks to pare its stake in the listed subsidiary, said people aware of the matter.
