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 65th 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 510.0B 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 456 of 483
Sector (Manufacturing) 9 of 10
Type (Going Private) 35 of 37
State (Massachusetts) 8 of 9
Country (United States) 193 of 210
Year (2023) 9 of 18
Size (of disclosed) 65 of 104
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-20 Hilding Anders

Malmo, Sweden

Hilding Anders is a bed and mattress manufacturer which sells both branded and private-label products in over 40 markets and has delivered strong growth over the past decade. Hilding Anders was founded in 1939 and is based in Malmo, Sweden.

Sell -
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.

Sell -
Mergr

Product

Company

Legal