M&A Deal Summary

Ningbo Joyson Electronic Acquires Key Safety Systems

On February 2, 2016, Ningbo Joyson Electronic acquired automotive company Key Safety Systems from Crestview Partners and FountainVest Partners for 920M USD

Acquisition Highlights
  • This is Ningbo Joyson Electronic’s 2nd transaction in the Automotive sector.
  • This is Ningbo Joyson Electronic’s largest (disclosed) transaction.
  • This is Ningbo Joyson Electronic’s 1st transaction in the United States.
  • This is Ningbo Joyson Electronic’s 1st transaction in Michigan.

M&A Deal Summary

Date 2016-02-02
Target Key Safety Systems
Sector Automotive
Buyer(s) Ningbo Joyson Electronic
Sellers(s) Crestview Partners
FountainVest Partners
Deal Type Add-on Acquisition
Deal Value 920M USD

Target

Key Safety Systems

Sterling Heights, Michigan, United States
website
Key Safety Systems is a supplier of automotive safety restraint systems and components. KSS supplies a broad range of safety products including airbag components and systems; seat belts; steering wheels; and position and movement sensors. Key Safety Systems was founded in 1987 and is based in Sterling Heights, Michigan.

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Buyer(S) 1

Buyer

Ningbo Joyson Electronic

Ningbo, China

website


Category Company
Founded 2004
Sector Automotive
Employees43,110
Revenue 45.7B CNY (2021)
DESCRIPTION

Ningbo Joyson Electronic is an automotive supplier. The company develops and supplies high quality products and systems in the climate control, driver control, electronic control, industrial automated assembly, sensor, and specialty sectors. Ningbo Joyson Electronic was founded in 2004 and is based in Ningbo, China.


DEAL STATS #
Overall 2 of 2
Sector (Automotive) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-08 Preh

Bad Neustadt an der Saale, Germany

Preh GmbH develops and produces mechatronic solutions for quality controls, which are used in the automotive and industrial electronics.

Buy -

Seller(S) 2

SELLER

Crestview Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2004
PE ASSETS 9.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Crestview Partners is a private equity firm focused on challenging investment situations. Crestview targets opportunities across a broad range of industries, with a special interest in asset management, media, healthcare and financial service companies. The Firm looks to commit $100 to $250 million of equity capital in transactions valued between $500 million and $3 billion. Crestview Partners was formed in 2004 and is based in New York, New York.


DEAL STATS #
Overall 15 of 26
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 8 of 11
State (Michigan) 2 of 3
Country (United States) 10 of 18
Year (2016) 1 of 2
Size (of disclosed) 6 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-11 WideOpenWest

Englewood, Colorado, United States

WideOpenWest is a provider of high-speed Internet, cable TV, and phone serving communities in the U.S. WOW's operating philosophy is to deliver an employee and customer experience that lives up to its name. WideOpenWest was founded in 2001 and is based in Englewood, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-08 W Energy Partners

Dallas, Texas, United States

W Energy Partners is an E&P company that acquires non-operated working interests in acreage and producing wells in the core of the Williston Basin in North Dakota.

Buy -
SELLER

FountainVest Partners

website


Category Private Equity Firm
Founded 2007
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

FountainVest Partners is a private equity firm focused on investing in and acquiring companies in China. FountainVest is sector agnostic and seeks opportunities where it can partner with leaders operating in emerging industries. FountainVest Partners was formed in 2007 and is based in Hong Kong.


DEAL STATS #
Overall 1 of 2
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-09 IMAX China Holding

Shanghai, China

IMAX China Holding is a cinematic technology provider, the exclusive licensee of the IMAX brand and technology and the sole platform for the release of IMAX format films in Greater China. Standing for the highest quality and most immersive motion picture entertainment experience, the IMAX brand is one of the strongest entertainment brands in Greater China. IMAX China Holding was founded in 2010 and is based in Shanghai, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-06 IMAX China Holding

Shanghai, China

IMAX China Holding is a cinematic technology provider, the exclusive licensee of the IMAX brand and technology and the sole platform for the release of IMAX format films in Greater China. Standing for the highest quality and most immersive motion picture entertainment experience, the IMAX brand is one of the strongest entertainment brands in Greater China. IMAX China Holding was founded in 2010 and is based in Shanghai, China.

Sell -