M&A Deal Summary

KKR Acquires Fortifi

On November 3, 2021, private equity firm KKR acquired machinery company Fortifi

Acquisition Highlights
  • This is KKR’s 6th transaction in the Machinery sector.
  • This is KKR’s 175th transaction in the United States.
  • This is KKR’s 23rd transaction in Texas.

M&A Deal Summary
Date 2021-11-03
Target Fortifi
Sector Machinery
Buyer(s) KKR
Deal Type Consolidation

Target

Fortifi

The Woodlands, Texas, United States
Fortifi is a manufacturer of handheld automated tools and systems and associated aftermarket parts for the protein and other food processing markets. Fortifi is based in The Woodlands, Texas.

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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 409 of 483
Sector (Machinery) 6 of 7
Type (Consolidation) 9 of 11
State (Texas) 23 of 27
Country (United States) 175 of 210
Year (2021) 41 of 52
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-01 Biosynth

St. Gallen, Switzerland

Biosynth is a fully hybrid research products, life sciences reagents and custom synthesis and manufacturing services company with global research, manufacturing and distribution facilities. They are the supplier of choice for many in the pharmaceutical, life science, food, agrochemical, cosmetic and diagnostic sectors and manufacture and source a vast range of chemical and biochemical products. Biosynth was formed in 1965 and is based in St. Gallen, Switzerland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-05 SK E&S

Seoul,, South Korea

SK E&S is a member of the SK Group, that engages in a range of businesses, including upstream such as overseas gas field development and downstream such as power generation, district energy, and city gas distribution. SK E&S was formed in 1999 and is based in Seoul, South Korea.

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Mergr

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