M&A Deal Summary

Hitachi Automotive Systems Acquires Chassis Brakes International B.V.

On June 19, 2019, Hitachi Automotive Systems acquired automotive company Chassis Brakes International B.V. from KPS Capital Partners

Acquisition Highlights
  • This is Hitachi Automotive Systems’ 1st transaction in the Automotive sector.
  • This is Hitachi Automotive Systems’ 1st transaction in France.

M&A Deal Summary

Date 2019-06-19
Target Chassis Brakes International B.V.
Sector Automotive
Buyer(s) Hitachi Automotive Systems
Sellers(s) KPS Capital Partners
Deal Type Add-on Acquisition

Target

Chassis Brakes International B.V.

Amsterdam, France
Chassis Brakes International Group is a manufacturer of automotive brakes and related brake components. The Group’s primary products include brake calipers, disk brakes, drum brakes, and parking brakes. These products are sold directly to original equipment manufacturers and through various aftermarket channels. Chassis Brakes International Group is based in Amsterdam, the Netherlands.

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Buyer(S) 1

Buyer

Hitachi Automotive Systems

Tokyo, Japan

Category Company
Founded 2009
Sector Automotive
DESCRIPTION

Hitachi Automotive Systems Ltd. engages in the Development, manufacture, sales, and services of automotive components, transportation related components, industrial machines, and systems, etc.


DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (France) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-26 Tokico

Kanagawa, Japan

Tokico engages in the development, manufacture, and sale of measuring and instrumentation equipment, as well as design, construction, and maintenance of energy stations and plants. Tokico was established in 1937 and is based in Kanagawa, Japan.

Sell -

Seller(S) 1

SELLER

KPS Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 13.4B USD
Size Mega
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 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 28 of 34
Sector (Automotive) 4 of 4
Type (Add-on Acquisition) 14 of 18
Country (France) 1 of 1
Year (2019) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-17 Genesis Attachments

Superior, Wisconsin, United States

Genesis Attachments LLC is a global producer of high-quality hydraulic mobile shears, specialty demolition attachment tools, grapples, concrete processors and associated aftermarket parts. Headquartered in Superior, Wisconsin, Genesis operates one manufacturing facility and one assembly and distribution facility with approximately 130 associates worldwide.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-05 Crenlo Engineered Cabs

Rochester, Minnesota, United States

Crenlo Engineered Cabs is a manufacturer of highly engineered steel frame cab enclosures and rollover structures serving major OEM's in the construction, agriculture, and commercial equipment markets. The company also produces a proprietary line of electronic enclosures under its EMCOR trademark, which serves the commercial, telecom, datacom, test & measurement, broadcast, and security markets. Electronic enclosure capabilities range from standard & modified standard product offerings, to complete custom indoor or outdoor enclosure solutions. Crenlo Engineered Cabs was formed in 1951 and is based in Rochester, Minnesota.

Sell -