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...KKR-owned car supplier Calsonic Kansei is buying the Fiat subsidiary Magneti Marelli for €6.2bn....
...The newly formed business, which will employ around 65,000 people, will be run and managed by Beda Bolzenius, the chief executive of Calsonic Kansei....
...He took part in negotiating the deal last October to sell FCA’s component maker Magneti Marelli to Japanese automotive company Calsonic Kansei for $7.2bn, according to people who were in the room....
...A number of eye-catching deals, ranging from Nissan’s $4.3bn sale of Calsonic Kansei to KKR to Bain’s $17.7bn purchase of Toshiba’s memory chip business, passed largely without public backlash....
...KKR is expected to use Calsonic Kansei, a Japanese parts maker which it owns, for the deal in a move that would create a global components powerhouse with scope to create synergies and cut overlapping projects...
...Kansei for $4.3bn....
...Kansei sale....
...Since the Panasonic transaction, KKR has bought Hitachi Koki, a power tool maker carved out from the Hitachi group, as well as Calsonic Kansei from a group of shareholders including Nissan for $4.5bn....
...(NYT) News round-up Fiat Chrysler is nearing sale of Marelli to KKR’s Calsonic (BBG) Paul Taubman’s wager on going it alone is starting to pay off (BBG) FA investigates claim of ‘systematic corruption...
...Critically, many Japanese businesses have a physical presence in the UK as they have taken over companies ranging from ICL (Fujitsu), Lucas (Sumitomo), Llanelli Radiators (Calsonic Kansei) and Pilkington...
...But in November, KKR clinched a $4.5bn deal to acquire Nissan’s key car parts maker Calsonic Kansei — a move that severed the Japanese company’s close keiretsu ties with Nissan, which accounted for the...
...“This is also the best choice for Calsonic Kansei and its shareholders.”...
...Among the recent sizeable deals are KKR’s ¥498bn ($4.5bn) takeover last year of Calsonic Kansei, a leading automotive component supplier, and its ¥165bn investment in Panasonic’s healthcare business four...
...Witness Nissan’s decision this week to sell off its 40 per cent stake in Calsonic Kansei, the car parts maker, to private equity fund KKR....
...KKR did much of that work, buying Calsonic Kansei for $4.5bn. The trend, including the Toshiba sale, is part of a wave of large conglomerates hiving off massive chunks of their businesses....
...At least three big buyout funds — KKR, Bain Capital and South Korea’s MBK Partners — are expected to take part in the second round of bidding for Nissan’s stake in Calsonic Kansei, according to people familiar...
...Mitsuba sank 8 per cent to Y733 and Calsonic Kansei fell 2.4 per cent to Y496. Paper manufacturers slipped on a report by Merrill Lynch that exports dropped 3.7 per cent in June....
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