Hitachi Automotive Systems to Acquire Chassis Brakes International from KPS Capital Partners

Bain Capital-Led Consortium Acquires Hitachi Metals

October 26, 2022

Manufacturing

A consortium led by Bain Capital Private Equity, together with Japan Industrial Partners (JIP) and Japan Industrial Solutions (JIS), closed a tender offer to acquire Hitachi Metals, Ltd. The investors said they will provide capital and management support to accelerate growth and pursue opportunities in areas such as electric vehicles; Hitachi Metals reported ¥942.7 billion in revenue and about 27,700 employees as of March 2022.

American Industrial Acquisition Corporation Acquires KI USA Corporation

November 21, 2024

Manufacturing

An affiliate of American Industrial Acquisition Corporation (AIAC) has acquired KI USA Corporation from Keiaisha Co., Ltd. The deal includes KI USA’s Berea, Kentucky manufacturing facility and its subsidiary in Irapuato, Guanajuato, Mexico; AIAC intends to maintain technical support from Keiaisha during transition and pursue additional long‑term automotive contracts.

KPS Capital Partners Acquires Innomotics from Siemens AG

May 16, 2024

Manufacturing

KPS Capital Partners has agreed to acquire Innomotics GmbH from Siemens AG for an enterprise value of €3.5 billion, with completion expected in Q4 2024 or Q1 2025 subject to customary approvals. Innomotics, headquartered in Nuremberg, Germany, is a global supplier of electric motors and large drive systems generating about €3.3 billion in annual revenue and employing roughly 15,000 people across 16 factories and operations in 49 countries.

Brookfield Business Partners Acquires DexKo Global from KPS Capital Partners

October 4, 2021

Automotive

Brookfield Business Partners L.P., together with its institutional partners, agreed to acquire DexKo Global Inc. from KPS Capital Partners for $3.4 billion. DexKo, a Novi, Michigan–based manufacturer of chassis technology and trailer/RV components employing more than 6,000 people with global production and distribution footprint, was transformed under KPS via 15 acquisitions and operational improvements prior to the sale.

KPS Capital Partners Acquires AM General LLC

July 22, 2020

Aerospace & Defense

KPS Capital Partners, through a newly formed affiliate, signed a definitive agreement to acquire AM General LLC from an affiliate of MacAndrews & Forbes Incorporated. AM General is a leading designer and manufacturer of military and specialty ground vehicles (including the HUMVEE), headquartered in South Bend, Indiana; KPS said it plans to invest in the business and grow the platform organically and via acquisitions.

KKR Acquires Hitachi Transport System (to be renamed LOGISTEED)

March 1, 2023

Logistics & Distribution

Global investment firm KKR has completed its acquisition of Hitachi Transport System Ltd. (HTS) through a KKR-controlled special purpose vehicle (HTSK), with Hitachi Ltd. retaining a 10% stake in the holding company. HTS will be renamed LOGISTEED and will continue to operate its Japan-focused 3PL, forwarding and warehousing businesses as KKR partners with Hitachi to pursue growth and expand capabilities.