New York, NY (June 1, 2012) -- KPS Capital Partners, LP ("KPS") announced today that it has completed the acquisition of Robert Bosch’s global automotive foundation brakes business, through a newly-formed affiliate, Chassis Brakes International Group. Financial terms of the transaction were not disclosed.
Lazard Frères & Co. LLC acted as financial advisor, and Hengeler Mueller as legal counsel, to KPS and its affiliates.
About Chassis Brakes International Group
Chassis Brakes International Group, headquartered in Drancy, France, is one of the world's three largest manufacturers of automotive foundation brakes and foundation brake components. The Group’s primary products, which include brake calipers, disk brakes, drum brakes, and parking brakes, are sold directly to original equipment manufacturers and through various aftermarket channels. The Group employs 6,000 associates at 21 manufacturing facilities and engineering centers in Europe, Asia, and South America.
About KPS Capital Partners
KPS, through its affiliated management entities, is the manager of the KPS Special Situations Funds, a family of investment funds with approximately $21.8 billion of assets under management (as of June 30, 2024). For over three decades, the Partners of KPS have worked exclusively to realize significant capital appreciation by making controlling equity investments in manufacturing and industrial companies across a diverse array of industries, including basic materials, branded consumer, healthcare and luxury products, automotive parts, capital equipment and general manufacturing. KPS creates value for its investors by working constructively with talented management teams to make businesses better, and generates investment returns by structurally improving the strategic position, competitiveness and profitability of its portfolio companies, rather than primarily relying on financial leverage. The KPS Funds’ portfolio companies generate aggregate annual revenues of approximately $21.6 billion, operate 245 manufacturing facilities in 26 countries, and have approximately 64,000 employees, directly and through joint ventures worldwide (as of June 30, 2024, pro forma for the recent acquisitions of Sport Group and Innomotics which closed on July 8, 2024 and October 1, 2024, respectively). The KPS investment strategy and portfolio companies are described in detail at www.kpsfund.com.
