M&A Deal Summary

KKR Acquires Chase

On July 21, 2023, private equity firm KKR acquired manufacturer Chase for 1.3B USD

Acquisition Highlights
  • This is KKR’s 9th transaction in the Manufacturing sector.
  • This is KKR’s 67th largest (disclosed) transaction.
  • This is KKR’s 193rd transaction in the United States.
  • This is KKR’s 8th transaction in Massachusetts.

M&A Deal Summary

Date 2023-07-21
Target Chase
Sector Manufacturing
Buyer(s) KKR
Deal Type Going Private
Deal Value 1.3B USD
Advisor(s) Perella Weinberg Partners (Financial)
Davis Polk & Wardwell (Legal)

Target

Chase

Westwood, Massachusetts, United States
Chase manufactures and sells protective materials for various applications in the United States and internationally. Chase was incorporated in 1946 and is based in Westwood, Massachusetts.

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Buyer(S) 1

Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B 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 457 of 499
Sector: Manufacturing M&A 9 of 10
Type: Going Private M&A Deals 35 of 39
State: Massachusetts M&A 8 of 9
Country: United States M&A 193 of 212
Year: 2023 M&A 10 of 20
Size (of disclosed) 67 of 108
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-21 Infobric

Jonkoping, Sweden

Infobric is a provider of software and hardware for attendance systems, access control, asset monitoring, and energy efficiency on construction sites. Infobric was founded in 2004 and is based in Jonkoping, Sweden.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-26 RBmedia

Landover, Maryland, United States

RBmedia is a provider in spoken audio content and digital media distribution technology that reaches millions of consumers – at home, in the car, and wherever their mobile devices take them. RBmedia produces exclusive titles and delivers the finest digital content and information – including audiobooks, educational courses, entertainment titles, and much more. RBmedia is based in Landover, Maryland.

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