IL&FS PE, Kotak Private Equity exit Bharat Fritz Werner through buyback deal

IL&FS Investment Managers and Kotak Private Equity have exited Bangalore-based machine tool manufacturer Bharat Fritz Werner Ltd through a buyback transaction with the promoters, said a source familiar with the development. The transaction has been valued at Rs 142.6 crore ($24 million) with the PE firms generating 15 per cent ......