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Advent International is close to grabbing a controlling stake in Whirlpool India, marking another big-ticket private equity move in India’s consumer appliances space.
Advent International is a global private equity firm that invests in companies across sectors to help them grow, restructure, and expand internationally.
What’s the deal: the US-based PE giant is in exclusive talks with parent Whirlpool Corporation to acquire its 31% stake, which could rise to 57% after an open offer. The deal pegged at nearly ₹9,700 crore.
The why: Whirlpool’s global parent has been trying to cut costs and refocus on core markets like the US, especially after a $1.5 billion loss in 2022.
It now wants to exit slower-growing regions like India and double down on higher-margin products such as blenders and coffee makers. For Advent, this is a golden opportunity to scale up in a market where home appliances are getting a consumption boost.
Deal outlook: if the deal closes, Advent will become the majority owner of Whirlpool India, while the parent will turn into a minority shareholder. The move would cement Advent’s dominance in India’s appliances sector, building on its earlier buys like Crompton Greaves Consumer and Eureka Forbes.
