M&A Deal Summary

KKR Acquires LS Automotive

On March 4, 2018, private equity firm KKR acquired automotive company LS Automotive from LS

Acquisition Highlights
  • This is KKR’s 6th transaction in the Automotive sector.
  • This is KKR’s 3rd transaction in South Korea.

M&A Deal Summary

Date 2018-03-04
Target LS Automotive
Sector Automotive
Buyer(s) KKR
Sellers(s) LS
Deal Type Divestiture

Target

LS Automotive

Anyang-si, South Korea
website
LS Automotive is a vehicle components manufacturer that achieved strong growth and market expansion including China and continues to engage in proactive investment in R&D for the future such as autonomous and electric vehicle components. LS Automotive was founded in 1973 and is based in Anyang-si, South Korea.

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Buyer(S) 1

Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1976
PE ASSETS 510.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 267 of 430
Sector (Automotive) 6 of 6
Type (Divestiture) 30 of 49
Country (South Korea) 3 of 6
Year (2018) 10 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-27 Modern Restaurant Concepts

Denver, Colorado, United States

Modern Restaurant Concepts is a farm-to-table fast casual restaurant company that operates restaurants across Colorado, Texas, Arizona, D.C. and Maryland serving healthy, high-quality, sustainably-sourced, scratch-made fare at an attractive price point. Modern Market’s menu features a variety of protein-centric plates and bowls, garden fresh salads, toasted sandwiches and brick oven pizzas served in a comfortable and highly-convenient format well-suited to meet the rapidly-changing demands of the modern restaurant consumer. Modern Restaurant Concepts was founded in 2009 by Co-Founders and Co-CEOs Anthony Pigliacampo and Rob McColgan and is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-07 Heartland Dental Care

Effingham, Illinois, United States

Heartland Dental is the largest dental support organization in the United States, providing non-clinical administrative support services to over 840 offices and more than 1,300 supported dentists across 35 states. Heartland Dental partners with its supported dentists to deliver high quality care across the full spectrum of dental services. For more information, please visit our website at www.heartland.com and on Twitter @HeartlandDental. The company is headquartered in Effingham, Illinois.

Buy -

Seller(S) 1

SELLER

LS

Seoul, South Korea

website


Category Company
Founded 1936
Sector Electrical Equipment
Employees69
Revenue 13,089.1B KRW (2021)
DESCRIPTION

LS engages in the electric power and electronic, materials and energy businesses in South Korea and internationally. The company offers electric power transmission and telecommunication products, including power and telecommunication cables, switchgears. LS was founded in 1936 is based in Seoul, South Korea.


DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
Country (South Korea) 1 of 1
Year (2018) 1 of 1