M&A Deal Summary

KKR Acquires Hyperion M&T

On December 8, 2017, private equity firm KKR acquired manufacturer Hyperion M&T from Sandvik

Acquisition Highlights
  • This is KKR’s 7th transaction in the Manufacturing sector.
  • This is KKR’s 110th transaction in the United States.
  • This is KKR’s 4th transaction in Ohio.

M&A Deal Summary

Date 2017-12-08
Target Hyperion M&T
Sector Manufacturing
Buyer(s) KKR
Sellers(s) Sandvik
Deal Type Divestiture

Target

Hyperion M&T

Worthington, Ohio, United States
Hyperion M&T is a manufacturer of industrial tool component products using cemented carbide, cubic boron nitride, and synthetic diamond – high-quality materials known for their hardness and toughness. Hyperion M&T was founded in 2017 and is based in Worthington, Ohio.

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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 257 of 484
Sector (Manufacturing) 7 of 10
Type (Divestiture) 29 of 53
State (Ohio) 4 of 6
Country (United States) 110 of 210
Year (2017) 38 of 41
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-21 Zenobe

London, United Kingdom

Zenobe is a developer, owner, and operator of battery storage assets. Zenobe provides a range of energy storage services to National Grid Electricity Transmission with grid-scale batteries as well as charging solutions for EV bus operators and other applications. Zenobe was formed in 2017 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-13 Joulon

Dubai, United Arab Emirates

Joulon offers comprehensive asset management services to the energy industry through its portfolio of established manufacturers and service providers, complemented by a global team of experts with decades of asset ownership and management experience. The platform provides a complete range of offerings from individual products and services to integrated end-to-end asset management solutions. Joulon was founded in 2016 and is based in Dubai, United Arab Emirates.

Buy -

Seller(S) 1

SELLER

Sandvik

Stockholm, Sweden

Category Company
Founded 1862
Sector Engineering
Employees40,344
Revenue 126.5B SEK (2023)
DESCRIPTION

Sandvik operates as a global engineering company. Sandvik is a high-technology and global industrial group that produces products and services that enhance customer productivity, profitability and safety. Sandvik was founded in 1862 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 3 of 5
Sector (Manufacturing) 1 of 2
Type (Divestiture) 3 of 5
State (Ohio) 1 of 1
Country (United States) 1 of 3
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-18 Sandvik - Mining Systems Operations

Stockholm, Sweden

Sandvik - Mining Systems Operations is a supplier of design and engineering of material handling systems for the mining industry.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-27 Metrologic Group

Meylan, France

Metrologic Group is specializes in the designer and manufacturer of innovative leading edge 3D inspection software and electronics which run measurement machines used for dimensional control notably in the automotive, aeronautic, transport and medical sectors.

Buy €360M