Bain Capital picks up minority stake in Dhoot Transmission Group

Dhoot Transmission Group, a manufacturer of automotive components, said it has sold a significant minority stake to Bain Capital, to mobilise resources for growth. The company did not disclose the size of the deal. 

Founded in 1999, Dhoot Transmission Group is into production of two-wheeler and three-wheeler wiring harness among others. 

The Group has over 10,000 people working across 20 manufacturing facilities in India, the U.K., Slovakia, and Thailand.

“Our journey over the past two decades has been defined by a commitment to innovation, quality, and trust,” said Rahul Dhoot, founder and CEO of Dhoot Transmission Group. 

“Partnering with Bain Capital is an exciting opportunity to accelerate this evolution. Their strategic expertise and integrity make them the perfect partner to help us scale globally and pursue emerging opportunities that deliver value to our customers worldwide,” he said. 

“Their customer-first approach and strong employee engagement has helped the group to build a leading auto-component business and together, we see significant opportunities to expand both organically and inorganically, accelerate exports, and enhance their global footprint,” Saahil Bhatia, MD at Bain Capital.

Bain Capital’s investment was made through its Private Equity team.

Alvarez and Marsal, AZB & Partners, ERM, ICICI Securities, Kearney, Kirkland and Ellis, KPMG and PwC served as advisors to Bain Capital.

Singhi Advisors, Trilegal and Deloitte served as advisors to Dhoot Transmission Group.

Singhi Advisors, had earlier advised the company on its five acquisitions across different sectors.