KKR to invest in LS Automotive and acquire KCF Technologies.

KKR, a leading global investment firm, has invested in LS Automotive, an electrical auto parts maker for the global automotive industry, and acquired KCF Technologies, the copper foil and flexible copper clad laminate business formerly known as LS Mtron, from LS Group, one of South Korea's largest diversified corporation. Financial terms were not disclosed. KKR's partnership with LSA and KCFT will accelerate the companies’ growth in domestic and overseas markets, help to penetrate new verticals, and increase sales in existing markets. Further, KCFT will leverage KKR’s expertise in completing complex, strategic carve-outs from corporations worldwide and supporting these companies in operating as independent entities. "This milestone for LS Group enables us to strengthen our focus on our core businesses while finding an exceptional, long-term partner for our copper foil business. With such a high-caliber partner by our side, we are confident in LS Automotive and KCF Technologies’ ability to meet their full potential in the years to come" Joon-woo Lee, Senior Vice President of LS Corp.