Latest news with #Whirlpool
Business Upturn
a day ago
- Business
- Business Upturn
LGI Homes Unveils New Townhome Plans at Cottonwood Greens in Fort Lupton, Colorado
By GlobeNewswire Published on July 24, 2025, 02:22 IST FORT LUPTON, Colo., July 23, 2025 (GLOBE NEWSWIRE) — LGI Homes, Inc. (NASDAQ: LGIH) is proud to announce the debut of five brand-new townhome floor plans at Cottonwood Greens, a premier community with move-in ready homes located northeast of Denver in Fort Lupton. These new townhomes will be introduced to the public on July 26, 2025, with one-weekend-only discounts available. Conveniently located near US-85 and Hwy 52, minutes from I-25, Cottonwood Greens offers residents a short commute to downtown Denver and easy access to local parks, schools, and shopping. The community offers great family-friendly amenities such as walking trails, open green spaces, and multiple playgrounds that the whole family can enjoy. 'We are extremely excited to introduce our new two-, three- and four-bedroom townhomes located right across the street from the Coyote Creek Golf Course. This is a great place for affordable, quiet living within 25 miles from Denver,' said Kevin Wolf, Vice President of Operations for Colorado. At full buildout, the new section will include 137 townhomes, bringing the combined lot count of townhomes and single-family homes to 547. 'Our presence in Fort Lupton reflects our continued commitment to meeting the growing demand for quality, affordable homes in Colorado. With a diverse range of thoughtfully designed floor plans and a vibrant, family-friendly setting, this community offers something for everyone,' added Wolf. The new townhomes will debut at a starting price of $399,900 and will showcase innovative layouts and upgraded features across five thoughtfully designed plans: The Basin : This beautiful two-story home offers two bedrooms, two-and-a-half bathrooms, and a spacious, open-concept layout perfect for entertaining. A chef-ready kitchen with Whirlpool® appliances and a large family room complete the first floor while the bedrooms complete the second level. : This beautiful two-story home offers two bedrooms, two-and-a-half bathrooms, and a spacious, open-concept layout perfect for entertaining. A chef-ready kitchen with Whirlpool® appliances and a large family room complete the first floor while the bedrooms complete the second level. The Loveland : Ideal for growing families, this three-bedroom, two-and-a-half-bathroom floor plan features a large entertaining space, a covered balcony, and a covered front porch. There is also a dedicated laundry room located upstairs. : Ideal for growing families, this three-bedroom, two-and-a-half-bathroom floor plan features a large entertaining space, a covered balcony, and a covered front porch. There is also a dedicated laundry room located upstairs. The Vail : A perfect blend of function and style, this three-bedroom townhome includes a spacious kitchen, bright family room, and a private owner's retreat with a walk-in closet and covered balcony. : A perfect blend of function and style, this three-bedroom townhome includes a spacious kitchen, bright family room, and a private owner's retreat with a walk-in closet and covered balcony. The Winter Park : Featuring four bedrooms and two-and-a-half bathrooms, this home provides over 1,600 square feet of perfectly designed living space, including a covered balcony, and open living areas filled with natural light. : Featuring four bedrooms and two-and-a-half bathrooms, this home provides over 1,600 square feet of perfectly designed living space, including a covered balcony, and open living areas filled with natural light. The Monarch: Boasting modern curb appeal, this two-story design offers three bedrooms, two-and-a-half bathrooms, a covered front porch and balcony, and an attached finished garage. This is the perfect home for families looking for space. All homes at Cottonwood Greens come with LGI Homes' CompleteHome™ package that include a suite of amazing upgrades such as stainless steel Whirlpool® appliances, granite countertops, luxury vinyl plank flooring, Wi-Fi-enabled garage door openers, and fully landscaped front yards at no extra cost to the homeowner. To learn more about the new townhome floor plans or to schedule a tour at Cottonwood Greens, interested buyers are encouraged to call (855) 588-0300 ext. 565 or visit About LGI Homes Headquartered in The Woodlands, Texas, LGI Homes, Inc. is a pioneer in the homebuilding industry, successfully applying an innovative and systematic approach to the design, construction and sale of homes across 36 markets in 21 states. As one of America's fastest growing companies, LGI Homes has closed over 75,000 homes since its founding in 2003 and has delivered profitable financial results every year. Nationally recognized for its quality construction and exceptional customer service, LGI Homes was named to Newsweek's list of the World's Most Trustworthy Companies. LGI Homes' commitment to excellence extends to its more than 1,000 employees, earning the Company numerous workplace awards at the local, state and national level, including the Top Workplaces USA 2025 Award. For more information about LGI Homes and its unique operating model focused on making the dream of homeownership a reality for families across the nation, please visit the Company's website at MEDIA CONTACT: Rachel Eaton (281) 362-8998 ext. 2560 A photo accompanying this announcement is available at Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
India.com
2 days ago
- Business
- India.com
Bad news for Mukesh Ambani as he misses the chance to acquire Whirlpool, these companies are top contenders, names are...
The race to acquire a 31% controlling stake in Whirlpool of India has come down to just two bidders— EQT and Bain Capital — according to three senior industry executives, reported Economic Times. Meanwhile, Reliance Industries, led by Mukesh Ambani, is withdrawing from the race to buy the Indian unit of US home appliances company Whirlpool. As per ET report, not just Reliance but private equity firms such as TPG, KKR, and Havells have formally withdrawn from the process. That leaves two bidders to acquire the 31% stake in Whirlpool India — EQT and Bain Capital. As per media reports, both EQT and Bain are conducting due diligence on the company. The final deadline to make a bid appears to be in August. Whirlpool's parent company is in the process of divesting a 31% stake in its Indian unit, which is Whirlpool's biggest market in Asia by revenue. The parent company is planning to retain a 20% stake in Whirlpool India and holds their ownership through Whirlpool Mauritius. Earlier, ET reported on June 20, that Reliance and Havells both showed interest in acquiring the stakeWhirlpool did not respond to requests for comment. Whirlpool's decision to divest its stake is a part of a wider global restructuring plan started in late 2022, following a reported loss of $1.5 billion. The sale process, which started in April 2025, is under the leadership of Goldman Sachs. From such a transaction, Whirlpool expects to gain returns of $550 million to $600 million (around Rs 4,684 crore to Rs 5,110 crore). If the deal goes through, it would also trigger a mandatory open offer for an additional 26%, potentially granting the buyer ownership of up to 57% of Whirlpool India.
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Business Standard
2 days ago
- Business
- Business Standard
Whirlpool India stake sale: EQT, Bain lead as Reliance, Havells step back
Global private equity firms EQT and Bain Capital have emerged as the top contenders to acquire a 31 per cent controlling stake in Whirlpool of India, according to a report by The Economic Times. While firms like TPG, KKR, Havells, and Reliance Industries had earlier shown interest, they are reportedly no longer in the fray. Both EQT and Bain are currently conducting detailed due diligence. Binding offers are expected to be submitted by August. The stake is held by Whirlpool Mauritius, a subsidiary of the US-based Whirlpool Corp, which plans to retain a 20 per cent holding in the Indian unit. Whirlpool is selling its stake as part of a larger global restructuring plan that began in late 2022, following a reported loss of $1.5 billion. The sale process, officially kicked off in April, is being handled by Goldman Sachs. Through this deal, Whirlpool is looking to generate between $550 million and $600 million (approximately ₹4,684 crore to ₹5,110 crore). The deal would also trigger an open offer for an additional 26 per cent, potentially giving the buyer up to 57 per cent ownership. Valuation concerns and past sale The company's high valuation expectations and future royalty payouts to the parent have made several bidders wary. In February 2023, Whirlpool sold a 24.7 per cent stake in its India arm via block deals worth ₹4,039 crore to investors including SBI Mutual Fund and Societe Generale. Havells and Reliance exit Havells, which was keen to expand beyond air-conditioners (Lloyd brand), stepped back due to valuation and focus on its existing business, according to The Economic Times report. Similarly, Reliance exited the race due to a price mismatch and has since acquired the Kelvinator brand in India for ₹160 crore, the news report said. Whirlpool India FY25 financial highlights In the financial year 2024-25 (FY25), Whirlpool India posted a consolidated net profit of ₹362.78 crore, reflecting a sharp increase of 61.7 per cent compared to ₹224.3 crore recorded in FY24. The company's consolidated revenue from operations grew 15.9 per cent year-on-year, reaching ₹7,919.37 crore, up from ₹6,829.79 crore in the previous financial year. Whirlpool's total expenses for the year rose to ₹7,627.04 crore, higher than the ₹6,667.35 crore reported in FY24. Meanwhile, the total income climbed 16 per cent on a yearly basis to ₹8,110.16 crore, as against ₹6,993.59 crore in the preceding year.
Time of India
2 days ago
- Business
- Time of India
Dressed to chill: EQT, Bain Capital emerge as final bidders for 31% controlling stake in Whirlpool India
Tired of too many ads? Remove Ads Parental Rejig Tired of too many ads? Remove Ads Popular in Cons. Products 1. Daikin sets up GCC in India in association with EY Tired of too many ads? Remove Ads Cool Positioning Buyout groups EQT and Bain Capital are in a two-horse race for 31% controlling interest in Whirlpool of India, listed local arm of the US appliances giant, three senior industry executives said. Private equity peers TPG and KKR, as well as potential rival contenders Havells and Reliance Industries , have fallen back, they and Bain Capital are conducting detailed due diligence ahead of the deadline for a binding offer, said to be in didn't respond to queries sent to its US and India and Bain declined to parent Whirlpool Corp has been looking to sell a 31% stake in the India unit, which generates the bulk of its Asia revenue, while retaining 20%. The equity in India is held through Whirlpool was the first to report June 20 on the interest of Reliance and Havells in the stake. Whirlpool India 's market cap was Rs 18,116 crore as of Tuesday's close on the India business monetisation exercise is part of a global reorganisation initiated at the end of 2022, when the company, known in the US for the Whirlpool, KitchenAid and Maytag brands, posted a $1.5 billion company has said it's keen to raise net cash proceeds of $550-600 million (Rs 4,684-5,110 crore) from the 31% stake sale transaction by this calendar year. A formal stake sale process was launched in April by advisor Goldman Sachs A transaction will also trigger an open offer for an additional 26% stake in the company. As with several deal negotiations, Whirlpool's punchy valuations have been a deal spoiler for most potential suitors. Another bone of contention is said to be the royalty payout to the parent in the end of January, the stock plunged an exchange-allowed maximum of 20% to a near 10-month low when the company first announced its intent to pare ownership in India. It has rebounded since then. In April alone, the stock soared 33% after the sale process was launched. Since April, the stock has appreciated 29.39%, ending Tuesday at Rs 1,427.90 on the BSE, marginally down from fully subscribed, the incoming investor could end up owning 57% of the company. Public shareholders now own 49%. At current prices, this would translate into a deal worth Rs 10,354.62 crore, a slight premium to expectations, said the people the US parent isn't happy with the final offers, it may once again divest through the open market route, analysts said. The parent sold a 24.7% stake in its Indian arm in February last year through block deals worth Rs 4,039 crore to institutional investors, led by five mutual funds including SBI Mutual Fund and Aditya Birla Sunlife Mutual Fund, besides foreign institutional investor Societe is among the top four brands in refrigerators and washing machines in India, with revenue of Rs 7,421 crore and net profit of Rs 313 crore in FY25. Whirlpool's presence in the premium end, currently dominated by LG, Samsung and Haier, is negligible. Havells India had evaluated the Whirlpool stake to expand its presence in refrigerators and washing machines, given its strong presence in air-conditioners through the Lloyd brand. But it was dissuaded by the high valuation as well as the decision to focus on the Lloyd business, which broke even in FY25, said the executives Monday, Havells chairman and managing director Anil Rai Gupta told analysts that while the company is open to acquisitions, it is currently focused on building the business Industries, too, has backed out, at least for now, due to the same bid-ask gap, said the people cited. Reliance last week announced the acquisition of the Kelvinator brand for the Indian market from Swedish appliance manufacturer Electrolux for Rs 160 crore. The company intends to build Kelvinator into a full-fledged appliance the first MNC consumer electronic brands to enter India in the late 1980s, Whirlpool hasn't been able to scale up as much as rivals LG, Samsung and Haier, which came in much later, or even homegrown brands such as executives are of the view Whirlpool still has sizeable brand equity, a substantial manufacturing base and a robust presence in smaller cities and towns through distributors.'The company does not have a massively differentiated portfolio,' said the chief executive of a consumer company who was approached for a possible stake purchase. 'The industry margins are also shrinking in the mass segment.'Whirlpool Corp's chief financial and administrative officer James W Peters told analysts recently that the India transaction has 'generated significant interest from large third-party investors.'The parent intends to repay or refinance debt with this money as it had done the last had said the reduction of the parent shareholding will result in 'increased autonomy' at the Indian unit.'While Whirlpool operates in a similar pricing range to Voltas Becko and Godrej, its customers are sticky,' said Arshia Khosla of Nirmal Bang. 'In order of preference, it stands out with high brand recall, higher number of SKUs (stock keeping units) and leadership in the product category. But heightened competitive intensity is expected to keep Whirlpool's growth under check in the near term.'
Time of India
2 days ago
- Business
- Time of India
Dressed to Chill: EQT, Bain Race for Whirlpool India
Buyout groups EQT and Bain Capital are in a two-horse race for 31% controlling interest in Whirlpool of India, listed local arm of the US appliances giant, three senior industry executives said. Private equity peers TPG and KKR, as well as potential rival contenders Havells and Reliance Industries, have fallen back, they said. EQT and Bain Capital are conducting detailed due diligence ahead of the deadline for a binding offer, said to be in August. Explore courses from Top Institutes in Please select course: Select a Course Category Data Science Degree healthcare Finance MBA Cybersecurity Healthcare Data Analytics Product Management PGDM Operations Management Design Thinking others Project Management Digital Marketing Management Technology Public Policy Leadership Data Science MCA Artificial Intelligence Others CXO Skills you'll gain: Duration: 11 Months IIT Madras CERT-IITM Advanced Cert Prog in AI and ML India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK DABS India Starts on undefined Get Details Skills you'll gain: Duration: 30 Weeks IIM Kozhikode SEPO - IIMK-AI for Senior Executives India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Postgraduate Cert in AI and ML India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Prof Cert in DS & BA with GenAI India Starts on undefined Get Details Whirlpool didn't respond to queries sent to its US and India offices. EQT and Bain declined to comment. US parent Whirlpool Corp has been looking to sell a 31% stake in the India unit, which generates the bulk of its Asia revenue, while retaining 20%. The equity in India is held through Whirlpool Mauritius. ET was the first to report June 20 on the interest of Reliance and Havells in the stake. Whirlpool India's market cap was Rs 18,116 crore as of Tuesday's close on the BSE. The India business monetisation exercise is part of a global reorganisation initiated at the end of 2022, when the company, known in the US for the Whirlpool, KitchenAid and Maytag brands, posted a $1.5 billion loss. The company has said it's keen to raise net cash proceeds of $550-600 million (Rs 4,684-5,110 crore) from the 31% stake sale transaction by this calendar year. A formal stake sale process was launched in April by advisor Goldman Sachs. A transaction will also trigger an open offer for an additional 26% stake in the company. As with several deal negotiations, Whirlpool's punchy valuations have been a deal spoiler for most potential suitors. Another bone of contention is said to be the royalty payout to the parent in future. At the end of January, the stock plunged an exchange-allowed maximum of 20% to a near 10-month low when the company first announced its intent to pare ownership in India. It has rebounded since then. In April alone, the stock soared 33% after the sale process was launched. Since April, the stock has appreciated 29.39%, ending Tuesday at Rs 1,427.90 on the BSE, marginally down from Monday. If fully subscribed, the incoming investor could end up owning 57% of the company. Public shareholders now own 49%. At current prices, this would translate into a deal worth Rs 10,354.62 crore, a slight premium to expectations, said the people cited. If the US parent isn't happy with the final offers, it may once again divest through the open market route, analysts said. The parent sold a 24.7% stake in its Indian arm in February last year through block deals worth Rs 4,039 crore to institutional investors, led by five mutual funds including SBI Mutual Fund and Aditya Birla Sunlife Mutual Fund, besides foreign institutional investor Societe Generale. Whirlpool is among the top four brands in refrigerators and washing machines in India, with revenue of Rs 7,421 crore and net profit of Rs 313 crore in FY25. Whirlpool's presence in the premium end, currently dominated by LG, Samsung and Haier, is negligible. Havells India had evaluated the Whirlpool stake to expand its presence in refrigerators and washing machines, given its strong presence in air-conditioners through the Lloyd brand. But it was dissuaded by the high valuation as well as the decision to focus on the Lloyd business, which broke even in FY25, said the executives cited. On Monday, Havells chairman and managing director Anil Rai Gupta told analysts that while the company is open to acquisitions, it is currently focused on building the business organically. Reliance Industries, too, has backed out, at least for now, due to the same bid-ask gap, said the people cited. Reliance last week announced the acquisition of the Kelvinator brand for the Indian market from Swedish appliance manufacturer Electrolux for Rs 160 crore. The company intends to build Kelvinator into a full-fledged appliance business.
