Private equity firm Kohlberg Kravis Roberts (KKR) has emerged as the frontrunner to acquire Warburg Pincus' majority stake in Alliance Tire Group (ATG) -- a so-called off-highway tyre company which sells to the agriculture and construction sector -- in a deal which has seen intense interest from the private equity community. If completed, this would be KKR's second buyout in India after a gap of seven years. In 2006, it paid $900 million to acquire the Indian business of Flextronics, a Singapore-based contract manufacturer.

Source - http://economictimes.indiatimes.com