M&A Deal Summary

KPS Capital Partners Acquires Autokiniton

On May 2, 2018, private equity firm KPS Capital Partners acquired automotive company Autokiniton

Acquisition Highlights
  • This is KPS Capital Partners’ 6th transaction in the Automotive sector.
  • This is KPS Capital Partners’ 28th transaction in the United States.
  • This is KPS Capital Partners’ 4th transaction in Michigan.

M&A Deal Summary
Date 2018-05-02
Target Autokiniton
Sector Automotive
Buyer(s) KPS Capital Partners
Deal Type Consolidation

Target

Autokiniton

New Boston, Michigan, United States
Autokiniton is a North American supplier of propulsion-agnostic, structural automotive components and assemblies. Its vertical integration capabilities allow it to offer its customers end-to-end engineering, manufacturing, and in-house logistics.

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Buyer(S) 1

Buyer

KPS Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1991
PE ASSETS 13.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

KPS Capital Partners is a private investment firm that targets special situations including turnarounds, restructurings, bankruptcies, and corporate divestitures. KPS' target investment size is $100 million to $1 billion in businesses with minimum revenues of $250 million. The Firm has specific interest in companies engaged in the manufacturing, transportation, and service industries. KPS will not consider investments in high technology, financial services, telecommunications, broadcast media, real estate and natural resources. The Firm's geographic coverage spans the US, Canada, and Europe. KPS Capital Partners was formed in 1991 and is based in New York City.

DEAL STATS #
Overall 33 of 55
Sector (Automotive) 6 of 7
Type (Consolidation) 1 of 1
State (Michigan) 4 of 4
Country (United States) 28 of 42
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-26 Electrical Components International

Creve Coeur, Missouri, United States

Electrical Components International is a manufacturer of wire harnesses and value-added assembly services for consumer appliance and specialty-industrial applications. Electrical Components International was established in 1953 and is based in Creve Coeur, Missouri.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-04 Cloyes

Fort Smith, Arkansas, United States

Cloyes is a designer, developer, manufacturer, and distributor of timing drive systems and components for the automotive aftermarket. Its products are mission-critical components for engine performance and function used in high-performance and replacement applications. Cloyes is based in Fort Smith, Arkansas.

Sell -
Mergr

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