January 19, 2017 8:24 AM ET

Machinery

Company Overview of L&T Valves Limited

Company Overview

L&T Valves Limited designs and manufactures various industrial valves for oil and gas, power, petrochemicals, chemicals, fertilizers, and pharmaceutical sectors. It offers gate, globe, and check valves; valves for power; trunnion-mounted ball valves; process ball valves; triple-offset butterfly valves; flanged and wafer-type butterfly valves; double block and bleed plug valves; automated and control valves; customized solutions; pipeline ball valves; high performance butterfly valves; and large-size butterfly valves for water lines. The company provides various valves for the oil and gas industry covering various phases, such as production, refining, transportation, and distribution; and for...

L&T Campus

TC-3, Tower A, 2nd Floor

Mount - Poonamallee Road

Manapakkam

Chennai,  600 089

India

Founded in 1961

Phone:

91 44 2252 9855

Fax:

91 44 2252 9870

Key Executives for L&T Valves Limited

Chief Executive Officer and Manager
Head of International Sales & Business Development
Head of Domestic Sales
Head of Marketing Services
Head of National Sales
Compensation as of Fiscal Year 2016.

L&T Valves Limited Key Developments

KKR Front-runner To Acquire L&T Valves

KKR & Co. L.P. (NYSE:KKR) emerged as the front-runner to acquire a majority stake in infrastructure major Larsen & Toubro Limited (BSE:500510) subsidiary L&T Valves Limited. While the exact quantum of the stake to be offloaded was not immediately known, sources close to the development said the deal would hover around $500 million for a majority stake. Advent International Corporation was also in the fray, with the bidders evincing interest for the entire 100% stake in L&T Valves.

Advent International and KKR Reportedly Offers To Buy L&T Valves From Larsen and Toubro

Advent International Corporation and KKR & Co. L.P. (NYSE:KKR) have made offers to buy L&T Valves Limited from Larsen & Toubro Limited (BSE:500510) in a deal estimated at between $400 million and $500 million (roughly around INR 3,000 crore), people directly familiar with the matter said. A M Naik, Chairman of Larsen & Toubro confirmed that KKR and Advent are among the suitors for L&T Valves. But no deal has been sealed yet, he added. KKR declined to comment on the report.

KKR & Co In Talks To Acquire A Stake In L&T Valves

KKR & Co. L.P. (NYSE:KKR) has emerged as a frontrunner to buy a large stake in L&T Valves Limited, a source familiar with the matter told to Times of India. Other investors, including Actis, have fielded interest in L&T Valves, which has three manufacturing facilities in the country . But KKR is said to be more aggressive. KKR has been working on the deal for the past six months and has had several meetings with the Larsen & Toubro leadership, which is actively working on divesting non-core businesses like valves and hydrocarbons.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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