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KPS Capital Partners, LP


is pleased to announce the formation of

 

 

Chassis Brakes International Group

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which has acquired

 

 

Bosch Groupís Foundation Brakes Business

††††

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from Robert Bosch GmbH

 

 

Chassis Brakes International Group is one of the world's three largest manufacturers of automotive foundation brakes and foundation brake components. The Groupís 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.

 

June 1, 2012

 

 

 


KPS CAPITAL PARTNERS, LP

A middle market private equity limited partnership focused on constructive investing in restructurings, turnarounds, and
other special situations.

485 LEXINGTON AVENUE, 31ST FLOOR
NEW YORK, NY 10017
TEL: 212.338.5100
FAX: 646.307.7100

WWW.KPSFUND.COM

 

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IMMEDIATE RELEASE

Business Inquiries:
KPS Capital Partners  212.338.5100

Media Relations:
Mark Semer/Andrea Calise  212.521.4800

 

KPS CAPITAL PARTNERS COMPLETES ACQUISITION OF
BOSCH GROUPíS FOUNDATION BRAKES BUSINESS

ANNOUNCES FORMATION OF CHASSIS BRAKES INTERNATIONAL GROUP

New York, NY (June 1, 2012) -- KPS Capital Partners, LP ("KPS") announced today that it has completed the acquisition of Robert Boschís global automotive foundation brakes business, through a newly-formed affiliate, Chassis Brakes International Group. Financial terms of the transaction were not disclosed.


Lazard FrŤres & 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 is one of the world's three largest manufacturers of automotive foundation brakes and foundation brake components. The Groupís 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 twenty-one manufacturing facilities and engineering centers in Europe, Asia, and South America.


About KPS Capital Partners, LP

KPS Capital Partners, LP is the manager of the KPS Special Situations Funds, a family of private equity funds with over $2.8 billion of assets under management focused on constructive investing in corporate carve-outs, restructurings and other special situations. KPS has executed highly complex corporate carve-out transactions on a global basis, and has acquired businesses from numerous Global Fortune 500 companies. The KPS investment strategy targets manufacturing and industrial companies with strong market positions that are going through a period of transition or experiencing operating or financial difficulties. For over two decades, the partners of KPS have worked with the management teams and associates of its portfolio companies to improve operating and financial performance by focusing on cost reduction, efficiency, operational excellence and strategic growth initiatives. KPS portfolio companies have aggregate annual revenues of $6.1 billion, operate 89 manufacturing plants in 24 countries, and employ over 28,000 associates, directly and through joint ventures worldwide. The KPS investment strategy and portfolio companies are described in detail at the firm's website: www.kpsfund.com

 

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