M&A Deal Summary

Yokohama Acquires Alliance Tire Group B.V.

On March 25, 2016, Yokohama acquired automotive company Alliance Tire Group B.V. from KKR and Crescent Capital Group for 1.2B USD

Acquisition Highlights
  • This is Yokohama’s 1st transaction in the Automotive sector.
  • This is Yokohama’s largest (disclosed) transaction.
  • This is Yokohama’s 1st transaction in Israel.

M&A Deal Summary
Date 2016-03-25
Target Alliance Tire Group B.V.
Sector Automotive
Buyer(s) Yokohama
Sellers(s) KKR
Crescent Capital Group
Deal Type Add-on Acquisition
Deal Value 1.2B USD

Target

Alliance Tire Group B.V.

Hadera, Israel
Alliance Tire Group B.V. is a Manufacture and sale of tires for agricultural, forestry, industrial, and construction machinery. ATG has developed a highly specialized business in the manufacture and sale of tires for agricultural, industrial, construction and forestry machinery. ATG sells radial and bias tires for the aforementioned types of vehicles in 120 countries around the world, with a focus on the North American and European markets.

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Buyer(S) 1

Buyer

Yokohama

Tokyo, Japan
Category Company
Founded 1917
Sector Automotive
Employees33,617
Revenue 985.3B JPY (2023)
DESCRIPTION

Yokohama is a manufacturer of tires for passenger cars, trucks and buses, light trucks, mining and construction equipment and industrial vehicles, aluminum alloy wheels and automobile-related components. Yokohama was founded in 1917 and is based in Tokyo, Japan.

DEAL STATS #
Overall 2 of 2
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Israel) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-19 Parker MHP S.r.l.

City of Ortona, Italy

Parker MHP S.r.l. is a manufacturer of marine hose.

Buy -

Seller(S) 2

SELLER

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 80 of 178
Sector (Automotive) 2 of 2
Type (Add-on Acquisition) 29 of 62
Country (Israel) 1 of 2
Year (2016) 3 of 12
Size (of disclosed) 25 of 38
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-17 Hensoldt

Taufkirchen, Germany

Hensoldt is a provider of sensors for security and surveillance missions. The company is a global player in such areas as missile warning systems and submarine periscopes. Moreover, Hensoldt is very active in the market for radar systems, optronics and electronic protection systems. Hensoldt was founded in 2020 and is based in Taufkirchen, Germany.

Buy €1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-28 Yiguo

Beijing, China

Yiguo is a B2C e-commerce platform specialized in fresh food, and is the exclusive partner with Tmall on its fresh food channel.

Buy -
SELLER

Crescent Capital Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1991
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Crescent Capital is a provider of debt securities to middle-market companies. Crescent looks to issue senior bank loans, high yield bonds, mezzanine debt and distressed debt to fund a variety of needs. The FIrm's direct lending group looks to provide $10 to $30 million to sponsor-backed companies that generate $5 to $35 million of EBITDA. Crescent's mezzanine practice typically provides junior capital to support buyouts, recapitalizations, and refinancings. Crescent Capital was formed in 1991 and was originally known as TCW/Crescent Mezzanine. The Firm has offices in Los Angeles, Boston, New York, and London.

DEAL STATS #
Overall 35 of 47
Sector (Automotive) 2 of 3
Type (Add-on Acquisition) 14 of 19
Country (Israel) 1 of 1
Year (2016) 2 of 4
Size (of disclosed) 9 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-02 The Sports Authority

Englewood, Colorado, United States

The Sports Authority, Inc. is a provider of full-line sporting goods retailers offering a comprehensive high-quality assortment of brand name sporting apparel and equipment at competitive prices. The company operates over 400 stores in 45 states. The Sports Authority, Inc. was formed in 1928 and is based in Englewood, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-05 Insight Global

Atlanta, Georgia, United States

Insight Global is a provider of employment solutions to Fortune 500 customers across the United States and Canada. Insight Global provides long-term, short-term, temporary-to-permanent, placement staffing, and enhanced staffing services. Insight Global was founded in 2001 and is based in Atlanta, Georgia.

Buy -
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