M&A Deal Summary

KKR Acquires CIRCOR

On June 5, 2023, private equity firm KKR acquired machinery company CIRCOR for 1.6B USD

Acquisition Highlights
  • This is KKR’s 7th transaction in the Machinery sector.
  • This is KKR’s 56th largest (disclosed) transaction.
  • This is KKR’s 192nd transaction in the United States.
  • This is KKR’s 7th transaction in Massachusetts.

M&A Deal Summary
Date 2023-06-05
Target CIRCOR
Sector Machinery
Buyer(s) KKR
Deal Type Going Private
Deal Value 1.6B USD
Advisor(s) J.P. Morgan Securities (Financial)
Ropes & Gray (Legal)

Target

CIRCOR

Burlington, Massachusetts, United States
CIRCOR is a designer, manufacturer, and marketer of highly engineered products and sub-systems used in the energy, aerospace and industrial markets. CIRCOR was established in 1999 and is headquartered in Burlington, 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 455 of 483
Sector (Machinery) 7 of 7
Type (Going Private) 34 of 37
State (Massachusetts) 7 of 9
Country (United States) 192 of 210
Year (2023) 8 of 18
Size (of disclosed) 56 of 104
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-01 Genesis Care

Alexandria, Australia

Genesis Care is a provider of healthcare to patients with cancer and cardiovascular disease, the two largest disease burdens globally. The organization exists to improve quality and access for patients and communities in need. Genesis Care is based in Alexandria, Australia.

Sell -
FOLLOWING 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 -
Mergr

Product

Company

Legal