M&A Deal Summary

Brookfield Business Partners Acquires DexKo Global

On July 5, 2021, Brookfield Business Partners L.P. acquired manufacturing company DexKo Global, Inc. from KPS Capital Partners for 3.4B USD

Acquisition Highlights
  • This is Brookfield Business Partners’ 1st transaction in the Manufacturing sector.
  • This is Brookfield Business Partners’ 5th largest (disclosed) transaction.
  • This is Brookfield Business Partners’ 1st transaction in the United States.
  • This is Brookfield Business Partners’ 1st transaction in Michigan.

M&A Deal Summary

Date 2021-07-05
Target DexKo Global, Inc.
Sector Manufacturing
Buyer(s) Brookfield Business Partners L.P.
Sellers(s) KPS Capital Partners
Deal Type Add-on Acquisition
Deal Value 3.4B USD
Advisor(s) Goldman Sachs Investment Banking Division (Financial)
Paul, Weiss, Rifkind, Wharton & Garrison LLP (Legal)

Target

DexKo Global, Inc.

Novi, Michigan, United States
website
DexKo Global is a provider of highly engineered running gear technology, chassis assemblies, and related components with over 130 years of trailer and caravan componentry experience. DexKo Global was founded in 2015 and is based in Novi, Michigan.

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Buyer(S) 1

Buyer

Brookfield Business Partners L.P.

Hamilton, Bermuda

website


Category Company
SectorBusiness Services
Employees67,315
Revenue 37.6B USD (2020)
DESCRIPTION

Brookfield Business Partners acquires high-quality businesses and applies its global investing and operational expertise to create value, with a focus on profitability, sustainable margins, and sustainable cash flows. Brookfield Business Partners has the flexibility to invest across multiple industries and through many forms. Its current operations are primarily in business services, construction, energy, and industrial operations.


DEAL STATS #
Overall 5 of 9
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 3 of 5
State (Michigan) 1 of 1
Country (United States) 1 of 4
Year (2021) 2 of 3
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-27 Modulaire Group

London, United Kingdom

Modulaire Group creates smart spaces for people to live, work, and learn. Modulaire Group has operations in 25 countries with approximately 250,000 modular space and portable storage units and 3,400 remote accommodations rooms. Modulaire Group operates as Algeco in Europe and Scandinavia, Elliott in the United Kingdom, BUKO Huisvesting, BUKO Bouw & Winkels, and BUKO Bouwsystemen in The Netherlands, Ausco in Australia, Portacom in New Zealand, and Algeco Chengdong in China. Modulaire Group is based in London, United Kingdom.

Buy $5.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-27 Scientific Games - Lottery Business

Las Vegas, Nevada, United States

Scientific Games' Lottery Business provides game design, production, distribution, systems and terminals, and turnkey technology solutions. Scientific Games' Lottery Business is based in Las Vegas, Nevada.

Buy $5.8B

Seller(S) 1

SELLER

KPS Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1991
PE ASSETS 5.5B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

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 to $500 million 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 29 of 29
Sector (Manufacturing) 4 of 4
Type (Add-on Acquisition) 15 of 15
State (Michigan) 2 of 2
Country (United States) 25 of 25
Year (2021) 2 of 2
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-09 Siderforgerossi Group, S.p.A.

Arsiero, Italy

Siderforgerossi is a vertically integrated manufacturer of rolled and forged products with capabilities across the manufacturing spectrum, including ring-rolled, open die, and closed die forging capabilities. The Company specializes in large diameter forged products and primarily serves Wind Power, Oil & Gas, Earth Moving, Automotive, Conventional & Nuclear Power Generation, and Aerospace end markets across Europe and India. Siderforgerossi was founded in 2013 and is based in Arsiero, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-12 Tate & Lyle's Primary Products Business In North America And Latin America

Illinois, United States

Tate & Lyle's Primary Products Business In North America And Latin America is a provider of nutritive sweeteners, industrial starches, acidulants, and other corn-derived products in North America and Brazil. Founded in 1906 as A.E. Staley Manufacturing Co., the Primary Products Business has an over 100-year history of producing corn-derived products in the United States. The Company produces corn-derived products for a diverse set of end-uses including carbonated beverages, confectionery products, packaging applications, and animal feed, among others, and is proud to serve some of the world’s most recognizable food and beverage brands.

Buy $1.7B