KKR acquired a 41% stake in Calsonic Kansei Corporation from Nissan Motor Co.

KKR acquired a 41% stake in Calsonic Kansei Corporation, a Japanese automotive company, from Nissan Motor Co for $4.5bn. The purchase price represented a premium of 109.3% to target’s 12-month volume weighted average price to October 27, 2016. Mr. Hiro Hirano, Member of KKR and CEO of KKR Japan, said: “Calsonic Kansei is a best-in-class auto-parts manufacturer that supplies high-quality products to the world’s largest automotive brands. As a partner to Calsonic Kansei’s management team, we aim to assist the company in achieving its growth ambitions and make available our international network and industry expertise to continue Calsonic Kansei’s success globally.”