M&A Deal Summary |
|
|---|---|
| Date | 2007-09-27 |
| Target | Cloyes Gear and Products |
| Sector | Automotive |
| Buyer(s) | Sumitomo Electric |
| Sellers(s) | KPS Capital Partners |
| Deal Type | Add-on Acquisition |
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| Category | Company |
|---|---|
| Founded | 1897 |
| Sector | Manufacturing |
| Employees | 281,075 |
| Revenue | 3,367.9B JPY (2022) |
Sumitomo Electric is a leading manufacturer of electric wire and optical fiber cables. Sumitomo Electric was founded in 1897 and is based in Osaka, Japan.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 4 |
| Sector (Automotive) | 2 of 2 |
| Type (Add-on Acquisition) | 2 of 4 |
| State (Arkansas) | 1 of 1 |
| Country (United States) | 2 of 3 |
| Year (2007) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-07-12 |
Master Tool
Grand River, Ohio, United States Master Tool LLC is a designer and builder of custom, inserted cutting tools. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-07-01 |
OCC
Yokohama, Japan OCC was established in 1935 as Japan's first domestic manufacturer of submarine cables for telecommunication. OCC is a world leader in manufacturing high specification submarine and terrestrial cable systems and is the dominant provider of submarine cables in Asia with a market share of nearly 100% in Japan and over 80% in Asia. They are the leading provider of on-shore cables with long and stable client relationships. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1991 |
| PE ASSETS | 13.4B USD |
| Size | Mega |
| Type | Sector Agnostic |
KPS Capital Partners is a private investment firm that targets special situations including turnarounds, restructurings, bankruptcies, and corporate divestitures. KPS' target investment size is $100 million to $1 billion in businesses with minimum revenues of $250 million. The Firm has specific interest in companies engaged in the manufacturing, transportation, and service industries. KPS will not consider investments in high technology, financial services, telecommunications, broadcast media, real estate and natural resources. The Firm's geographic coverage spans the US, Canada, and Europe. KPS Capital Partners was formed in 1991 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 11 of 33 |
| Sector (Automotive) | 1 of 4 |
| Type (Add-on Acquisition) | 5 of 18 |
| State (Arkansas) | 1 of 1 |
| Country (United States) | 9 of 28 |
| Year (2007) | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-09-07 |
Genesis Worldwide II
Callery, Pennsylvania, United States Genesis Worldwide II, Inc. is a designs, engineers and manufactures high-quality metal coil processing equipment through its Herr-Voss Stamco business unit. The Company also provides mill roll reconditioning, texturing and grinding services in addition to its rebuild, repair and spare parts business. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-11-05 |
United Road Services
Romulus, Michigan, United States United Road Services is a provider of vehicle transport and logistics in North America. United Road serves 10,000-plus diverse customers including manufacturers, retailers, finance and leasing companies, rental agencies, auctions, web-based logistics firms and individuals transporting millions of new, remarketed and specialty vehicles annually. |
Sell | - |
